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    The trustee in bankruptcy of Richard Canty v Canty (2007)
    2007-05-25

    Although this case is about a trustee in bankruptcy’s fight to realise his interest in a property by virtue of a debtor’s bankruptcy, the facts (though extreme) are not untypical of a finance company’s position when a hirer refuses to return goods to it despite the fact the court has ordered the hirer to do so.

    In this case Mr Canty was made bankrupt in relation to a relatively small debt and he never accepted the position. There followed a number of appeals and challenges over the following years in which he attempted to reopen and relitigate earlier proceedings.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Litigation, Gowling WLG, Bankruptcy, Debtor, Breach of contract, Waiver, Interest, Contempt of court, Best practice, Court of Appeal of Singapore
    Location:
    United Kingdom
    Firm:
    Gowling WLG
    Judgment creditors beware: The challenges of collecting from a beneficial landowner
    2020-07-13

    In the case of 1842752 Ontario Inc. v. Fortress Wismer 3-2011 Ltd.[1](the "Fortress Case"), the Ontario Court of Appeal held that a judgment creditor is not entitled to enforce a writ of seizure and sale against a registered owner that beneficially holds land in trust for a judgment debtor, nor to priority over arm's length construction financing.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Real Estate, Gowling WLG, Due diligence, Court of Appeal for Ontario
    Location:
    Canada
    Firm:
    Gowling WLG
    COVID-19: Distressed M&A opportunities and key considerations for buyers
    2020-04-07

    The COVID-19 crisis is already showing signs of pushing the UK economy into recession, has undoubtedly impacted the M&A market in the UK and increased the likelihood of businesses entering into insolvency proceedings. However, history tells us that shocks to the market do give rise to opportunities it's a question of knowing where they are and being prepared.

    Filed under:
    United Kingdom, Corporate Finance/M&A, Insolvency & Restructuring, Gowling WLG, Due diligence, Coronavirus
    Authors:
    Tom Stockley , Julian C. Pallett , Jasvir Jootla
    Location:
    United Kingdom
    Firm:
    Gowling WLG
    Strata wind-ups in BC
    2019-05-20

    A strata wind-up is an excellent way to realize the economic potential of a multi-unit residential property ("strata") by leveraging the value of each strata unit in the strata as a whole to a developer that may want to develop on the strata's property. However, the wind-up process is complex, involving the intersection of real estate, condominium law ("strata property law"), and the law of restructuring.

    Winding up of a strata corporation

    Filed under:
    Canada, British Columbia, Insolvency & Restructuring, Real Estate, Gowling WLG
    Location:
    Canada
    Firm:
    Gowling WLG
    Supreme Court of Canada Bulletin
    2018-09-28

    APPLICATIONS FOR LEAVE TO APPEAL DISMISSED

    37997 St. James No.1 Inc. v. Ed Vanderwindt, Chief Building Official and City of Hamilton (Ont.)

    Municipal law – Heritage properties – Demolition or removal of structure

    Filed under:
    Canada, Arbitration & ADR, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Public, Real Estate, Tax, White Collar Crime, Wills & Probate, Gowling WLG, Supreme Court of Canada
    Location:
    Canada
    Firm:
    Gowling WLG
    Jumping the line: A solicitor’s charging order takes priority over a registered Ontario PPSA security interest
    2017-12-18

    Registering a financing statement under the Ontario PPSA[1] to perfect a security interest is a key means of protecting a secured creditor’s priority over collateral. It is important for secured creditors to be cognizant however that there are situations where other claims that are not subject to traditional registration requirements may still trump a secured creditor’s registered security interest.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Gowling WLG, Secured creditor
    Location:
    Canada
    Firm:
    Gowling WLG
    Third Parties (Rights against Insurers) Act 2010 - insurers can be joined to proceedings even where policy coverage remains in dispute
    2017-07-27

    Less than a year after it came into effect on 1 August 2016, the first judgment in relation to the Third Parties (Rights against Insurers) Act 2010 (the TP Act 2010) has been handed down in the case of BAE Systems Pension Fund (Trustees) Limited (the Pension Fund) v Bowmer and Kirkland Limited and others (B&K).

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Insurance, Litigation, Gowling WLG, Technology and Construction Court
    Authors:
    Sue Ryan
    Location:
    United Kingdom
    Firm:
    Gowling WLG
    What should trustees do if approached by a bankrupt pension scheme member's trustee in bankruptcy?
    2016-10-27

    The Court of Appeal resolves some of the conflict between insolvency and pensions law in its decision on Horton v Henry.

    The Court of Appeal has upheld the High Court decision of the Deputy Judge in Horton v Henry (2014) confirming that a trustee in bankruptcy cannot access uncrystallised funds in a bankrupt's pension arrangements (or force the bankrupt to access them himself).

    Filed under:
    United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Gowling WLG, Insolvency Act 1986 (UK)
    Location:
    United Kingdom
    Firm:
    Gowling WLG
    Wrestling with paramountcy in restructuring or insolvency
    2015-11-16

    What do a car crash in Alberta, a delinquent farm mortgage in Saskatchewan and an unpaid highway toll ticket in Ontario have in common?

    They all ended up in the Supreme Court of Canada.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Gowling WLG
    Location:
    Canada
    Firm:
    Gowling WLG
    Personal bankruptcy discharges — preparing for and arguing an opposed discharge
    2014-07-24

    Introduction

    A bankruptcy discharge hearing is the forum for the Court’s determination of a bankrupt’s application for discharge which has been opposed by one or more of: a creditor, the Trustee, or the Superintendent of Bankruptcy. This paper will aim to provide practical advice on preparing for and arguing an opposed discharge, whether from the perspective of the bankrupt, an opposing creditor, or the Trustee.1

    Discharge

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Gowling WLG, Bankruptcy, Bankruptcy discharge, Bankruptcy and Insolvency Act 1985 (Canada)
    Location:
    Canada
    Firm:
    Gowling WLG

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