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    The evolution of fraudulent conveyance – Indcondo v. Sloan
    2014-12-12

    On July 31, 2014, the Honourable Mr. Justice Penny of the Ontario Superior Court of Justice ruled in favour of the plaintiff in Indcondo Building Corporation v. Sloan (S.C.J.).

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Baker McKenzie
    Authors:
    Ahmed Shafey
    Location:
    Canada
    Firm:
    Baker McKenzie
    Court of Appeal for Ontario upholds reduction of legal fees in insolvency matter
    2014-12-17

    On December 1, 2014, the Court of Appeal for Ontario (the “Court of Appeal”) released its decision, written for the Court of Appeal by Madam Justice Pepall, in Bank of Nova Scotia v. Diemer, 2014 ONCA 851 (“Diemer”). The Court of Appeal dismissed the court-appointed receiver’s (the “Receiver”) appeal of the order of Justice Goodman, which, among other things, reduced the fees of counsel (“Counsel”) to the Receiver.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Court of Appeal of England & Wales
    Location:
    Canada
    Firm:
    Aird & Berlis LLP | Aird & McBurney LP
    Applications for leave to appeal dismissed- 18 December
    2014-12-18

    36114  Miazga v. The Queen  (Criminal law – Manslaughter)

    Filed under:
    Canada, Crime, Insolvency & Restructuring, Legal Practice, Litigation, Private Client & Offshore Services, Tax, Gowling WLG
    Authors:
    Matthew Estabrooks , D. Lynne Watt , Jeff Beedell , Guy Régimbald , Ed Van Bemmel , Graham S. Ragan , Brian A. Crane, K.C.
    Location:
    Canada
    Firm:
    Gowling WLG
    Void ab initio: the dangers of insufficient disclosure
    2014-12-22

    While it is common practice in Canada to seek certain emergency orders on an ex parte basis (i.e. where only one party (and not the adversary) appears before a judge), applicants for such orders are held to a high standard of candour with the court.

    Filed under:
    Canada, Company & Commercial, Insolvency & Restructuring, Litigation, Cassels Brock & Blackwell LLP, Ex parte
    Authors:
    Natalie E. Levine , Monique Sassi
    Location:
    Canada
    Firm:
    Cassels Brock & Blackwell LLP
    Constructive trust 1 vs. secured creditor 0
    2014-12-22

    Many secured creditors see their position in absolute terms. They rely on their general security and aggressively assert their priority over unsecured creditors, such as trade creditors. However, a recent decision of the Ontario Court of Appeal(306440 Ontario Ltd. v. 782127 Ontario Ltd. (Alrange Container Services), 2014 ONCA 548) demonstrates that creative arguments by trade creditors may allow them to take priority over even secured creditors in certain circumstances, by using trust principles to remove assets from the estate.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Cassels Brock & Blackwell LLP, Unsecured debt, Secured creditor, Constructive trust, Court of Appeal for Ontario
    Authors:
    John Birch
    Location:
    Canada
    Firm:
    Cassels Brock & Blackwell LLP
    Leighton v. Best: indulgence granted to file late Notice of Appeal after change in the law
    2014-10-28

    The test for an extension of time to serve and file a late Notice of Appeal in Ontario is well-established in the case law:

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Court of Appeal for Ontario
    Authors:
    Mark A. Gelowitz
    Location:
    Canada
    Firm:
    Osler Hoskin & Harcourt LLP
    Court of Appeal clarifies employees’ successor rights
    2014-10-29

    Thinking of picking up a business from a bankrupt company? While the purchase price may be irresistible, some hidden obligations towards employees may surface. Better pay extra attention during the due diligence.

    Filed under:
    Canada, Quebec, Employment & Labor, Insolvency & Restructuring, Litigation, Robinson Sheppard Shapiro
    Authors:
    Theodore Goloff
    Location:
    Canada
    Firm:
    Robinson Sheppard Shapiro
    Leave must be obtained from the Superior Court before issuing a notice of assessment after a bankruptcy
    2014-10-30

    On October 21, 2014, the Court of Appeal of Quebec rendered an important judgment in the matter of the bankruptcy of Sylvain Girard (500-09-024077-133), which will have a decisive impact in the handling of bankruptcy cases involving the tax authorities, namely the Agence du revenu du Québec (“ARQ”) and the Canada Revenue Agency (“CRA”).

    Filed under:
    Canada, Quebec, Insolvency & Restructuring, Litigation, Tax, Langlois Lawyers LLP, Bankruptcy, Bankruptcy and Insolvency Act 1985 (Canada)
    Authors:
    Éric Savard
    Location:
    Canada
    Firm:
    Langlois Lawyers LLP
    Court considers corporate insolvency provision in the context of a share redemption
    2014-11-10

    This article has been contributed to the blog by Joshua Hurwitz and Waleed Malik.

    Filed under:
    Canada, British Columbia, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Share (finance), Shareholder, Articles of incorporation
    Location:
    Canada
    Firm:
    Weil Gotshal & Manges LLP
    Applications for leave to appeal dismissed - 9 October 2014
    2014-10-09

    35888 R.V. v. R.P.  (Family law – custody)

    Filed under:
    Canada, Crime, Employment & Labor, Family, Insolvency & Restructuring, Litigation, Gowling WLG
    Authors:
    Matthew Estabrooks , D. Lynne Watt , Jeff Beedell , Guy Régimbald , Ed Van Bemmel , Graham S. Ragan , Brian A. Crane, K.C.
    Location:
    Canada
    Firm:
    Gowling WLG

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