When Will a Court Lift a Statutory Stay to Permit A Class Action to Proceed?

Both the Bankruptcy and Insolvency Act (“BIA”)[1] and the Companies’ Creditors Arrangement Act[2] stay actions and remedies as against debtors.

Filed under:
Canada, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Bankruptcy, Debtor, Class action, Bankruptcy and Insolvency Act 1985 (Canada)
Location:
Canada
Firm:
McCarthy Tétrault LLP
Insolvency reform: more equity for directors and less equity for shareholders?

Summary

In an exciting week for insolvency, the Minister for Financial Services, Superannuation and Corporate Law has released a package of reforms to Australia’s corporate insolvency laws. This reform package includes:

Filed under:
Australia, Insolvency & Restructuring, Norton Rose Fulbright, Shareholder, Unsecured debt, Class action, Debt, Moratorium (law), Corporations Act 2001 (Australia)
Authors:
David Goldman , Steven Palmer
Location:
Australia
Firm:
Norton Rose Fulbright