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    Builders lien trusts in a bankruptcy
    2017-03-13

    Background

    In 2009, the Calgary Airport Authority (CAA) entered into a construction agreement with Iona Contractors Ltd. for Iona to improve CAA’s north airfield. By October 2010, the work was substantially complete; however CAA withheld further payment to Iona on the basis that some of Iona’s subcontractors remained unpaid. Iona assigned into bankruptcy and a dispute arose over the entitlement to the withheld amounts (the Funds).

    Filed under:
    Canada, Aviation, Construction, Insolvency & Restructuring, Dentons, Bankruptcy and Insolvency Act 1985 (Canada), Court of Appeal of Alberta
    Location:
    Canada
    Firm:
    Dentons
    Application for leave to continue action against an insolvent defendant: A balancing act
    2016-06-30

    A case study of W Y Steel Construction Pte Ltd v Tycoon Construction Pte Ltd (in liquidation) [2016] SGHC 80

    Overview

    Filed under:
    Singapore, Construction, Insolvency & Restructuring, Litigation, Dentons, Costs in English law, Unsecured debt, Breach of contract, Debt, Subcontractor, Liquidation, Liquidator (law), Stay of execution, High Court of Justice
    Location:
    Singapore
    Firm:
    Dentons Rodyk
    The Great Brexit Debate
    2016-04-01

    The Great Brexit Debate dentons.com Introduction The UK is now counting down to the 23 June 2016 referendum on whether to stay in or leave the European Union. Dentons summarises the background to this momentous choice, and takes a deeper look at some of the legal issues involved in some key areas that would be impacted by a vote to leave the EU.

    Filed under:
    European Union, United Kingdom, Banking, Capital Markets, Competition & Antitrust, Construction, Corporate Finance/M&A, Employment & Labor, Energy & Natural Resources, Environment & Climate Change, Insolvency & Restructuring, Insurance, Intellectual Property, IT & Data Protection, Projects & Procurement, Public, Real Estate, Tax, Trade & Customs, Dentons
    Location:
    European Union, United Kingdom
    Firm:
    Dentons
    Construction briefing
    2015-10-01

    Legal changes affecting construction businesses from 1 October 2015

    1 October 2015 ushers in a number of legal changes which affect construction businesses operating in the UK. We have provided brief highlights of some of the changes below. If you need further information, please contact us using the details on the right.

    Filed under:
    United Kingdom, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Litigation, Dentons
    Authors:
    Nigel Barnett , Sarah Lawson , Rebecca Owen-Howes , Gurbinder Grewal
    Location:
    United Kingdom
    Firm:
    Dentons
    The Open for Business Act: Bill 68 – An act to promote Ontario as open for business by amending or repealing certain acts - enacted as: Chapter 16 of the Statutes of Ontario, 2010
    2011-05-19

    Bill 68 – An Act to promote Ontario as open for business by amending or repealing
    certain Acts (the “Open for Business Act”)1 received Royal Assent on October 25,
    2010. It is an omnibus Act which contains more than 100 amendments to existing
    legislation spread out across 10 ministries.

    Filed under:
    Canada, Ontario, Banking, Company & Commercial, Construction, Environment & Climate Change, Insolvency & Restructuring, Real Estate, Dentons, Constitutional amendment
    Location:
    Canada
    Firm:
    Dentons
    Review of the Jameson House restructuring
    2009-11-27

    Jameson House Properties Ltd. and Jameson House Ventures Ltd. (the Jameson Companies) were incorporated to develop a 37-storey mixed-use building in downtown Vancouver called Jameson House. By 2008, after many years of planning and development, the Jameson House project was well underway.

    Filed under:
    Canada, Construction, Insolvency & Restructuring, Litigation, Dentons, Bankruptcy, Legal personality, Debtor, Liquidation, Cashflow, Companies' Creditors Arrangement Act 1933 (Canada), Bankruptcy and Insolvency Act 1985 (Canada)
    Location:
    Canada
    Firm:
    Dentons
    CCAA court clarifies position of creditors with liens against third party’s property
    2008-07-31

    In Kerr Interior Systems Ltd., the Court of Queen’s Bench of Alberta discussed a number of issues which arose as a result of two creditors registering builders liens against a third party’s property in Saskatchewan.

    Filed under:
    Canada, Alberta, Construction, Insolvency & Restructuring, Litigation, Dentons, Debtor, Unsecured debt, Beneficiary, Debt, Voting, Secured creditor, Unsecured creditor, Companies' Creditors Arrangement Act 1933 (Canada)
    Location:
    Canada
    Firm:
    Dentons
    Talk before suspending for non payment
    2020-11-23

    On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (Act) came into force with changes to insolvency law to help businesses manage the economic implications of Covid-19. The new Act’s permanent measure on continuing supply stands out for the construction industry.

    Filed under:
    United Kingdom, Construction, Insolvency & Restructuring, Dentons, Coronavirus
    Authors:
    Gurbinder Grewal
    Location:
    United Kingdom
    Firm:
    Dentons
    Talk before suspending for non payment
    2020-11-23

    On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (Act) came into force with changes to insolvency law to help businesses manage the economic implications of Covid-19. The new Act’s permanent measure on continuing supply stands out for the construction industry.

    Filed under:
    United Kingdom, Construction, Insolvency & Restructuring, Dentons, Coronavirus
    Location:
    United Kingdom
    Firm:
    Dentons
    What effect does the new Insolvency Act have on construction's statutory right to suspend for non-payment?
    2020-07-09

    On 26 June 2020, The Corporate Insolvency and Governance Act 2020 (Act) became law, providing the UK (but with separate provisions for Northern Ireland) with temporary and permanent changes to insolvency law aimed at helping businesses manage the economic implications of COVID-19.

    Of particular interest to the construction industry will be one of the new Act’s permanent measures relating to continuing supply.

    Filed under:
    United Kingdom, Construction, Insolvency & Restructuring, Dentons, Coronavirus
    Authors:
    Gurbinder Grewal , Tessa Blank
    Location:
    United Kingdom
    Firm:
    Dentons

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