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    No Deemed Trust for Unremitted GST and HST Post-Bankruptcy
    2018-11-13

    In a unanimous decision issued November 8, 2018, the Supreme Court of Canada granted the appeal of the decision of the Federal Court of Appeal in Canada v Callidus Capital Corp, 2017 FCA 162.

    Filed under:
    Canada, Banking, Insolvency & Restructuring, Litigation, Tax, Bennett Jones LLP, Excise, Secured creditor, Goods and services tax (Canada), Canada Revenue Agency, Supreme Court of Canada, Federal Court of Appeal (Canada)
    Authors:
    Raj S. Sahni , Kelsey J. Meyer
    Location:
    Canada
    Firm:
    Bennett Jones LLP
    Reverse Engineering: BVI Court of Appeal in Rare Reversal of Findings of Fact
    2018-11-14

    In the recent decision of Alexander Pleshakov v Sky Stream Corporation and Others (Pleshakov), the BVI Court of Appeal considered the scope of its jurisdiction to interfere with findings of fact made at first instance. This is the second time this year that the BVI Court of Appeal has addressed this issue.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Harneys
    Authors:
    Andrew Thorp , Phillip Kite
    Location:
    Canada
    Firm:
    Harneys
    Callidus Capital Corporation v HMQ: Last Word Goes to the Secured Creditor
    2018-11-14

    The Supreme Court of Canada (the SCC) has overturned the decision rendered by a majority of the Federal Court of Appeal (the FCA) in Callidus Capital Corporation v Her Majesty the Queen.

    The case originated out of a motion filed in the Federal Court (the FC) by Callidus Capital Corporation (Callidus) to determine the following question of law:

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Davies Ward Phillips & Vineberg LLP, Secured creditor, Canada Revenue Agency, Bankruptcy and Insolvency Act 1985 (Canada), Supreme Court of Canada
    Location:
    Canada
    Firm:
    Davies Ward Phillips & Vineberg LLP
    Ontario Court of Appeal Summaries (November 19 - 23, 2018)
    2018-11-23

    There were six substantive civil decisions released by the Court of Appeal this week. There were many criminal decisions released.

    In Wall v. Shaw, the Court determined that there is no limitation period to objecting to accounts in an application to pass accounts in an estates matter. A notice of objection is not a “proceeding” within the meaning of the Limitations Act, 2002.

    Filed under:
    Canada, Ontario, Construction, Employment & Labor, Insolvency & Restructuring, Litigation, Public, Real Estate, White Collar Crime, Blaney McMurtry LLP, Bankruptcy, Statutory interpretation, Fraud, Negligence, Constructive trust, Adverse possession, Unocal Corporation, Supreme Court of Canada
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    Tipping the Scales: Ontario Court of Appeal Confirms the Primacy of Creditors’ Interests when Approving a Receiver’s Sale of Property
    2018-11-02

    One of the most delicate balancing acts that the Courts are asked to perform in Canada is balancing all of the disparate and competing interests in an insolvency process. The Ontario Court of Appeal was asked to review one iteration of this balancing act in Reciprocal Opportunities Incorporated v.

    Filed under:
    Canada, Ontario, Banking, Insolvency & Restructuring, Litigation, Real Estate, Borden Ladner Gervais LLP, Royal Bank of Canada, Court of Appeal for Ontario
    Authors:
    Scott Pollock
    Location:
    Canada
    Firm:
    Borden Ladner Gervais LLP
    Supreme Court of Canada Allows Appeal in Canada v. Callidus Capital Corporation
    2018-11-08

    Secured creditors can breathe a sigh of relief. We have received word that the Supreme Court of Canada has allowed the appeal from the bench in Canada v. Callidus Capital Corporation (“Callidus”).

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Supreme Court of Canada
    Authors:
    Steven L. Graff
    Location:
    Canada
    Firm:
    Aird & Berlis LLP | Aird & McBurney LP
    Insurance Issues: Condominium Corporation No 9312374 v Aviva Insurance Company of Canada
    2018-11-09

    The Supreme Court’s decision in the Ledcor case (which held that “resultant damage” arising from faulty workmanship is not excluded by the faulty workmanship exclusion in a builders’ risk policy) was held not to allow for coverage for “resultant damage” arising from faulty workmanship under an all-risks property policy.

    Filed under:
    Canada, Construction, Insolvency & Restructuring, Insurance, Litigation, Real Estate, Field Law, Condominium, Supreme Court of Canada
    Authors:
    Brian Vail, Q.C
    Location:
    Canada
    Firm:
    Field Law
    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, Intestacy, Criminal Code (Canada), Supreme Court of Canada
    Location:
    Canada
    Firm:
    Gowling WLG
    Ontario Court of Appeal Summaries (September 24 - 28, 2018)
    2018-09-28

    Following are the summaries for the civil decisions released by the Court of Appeal this week.

    There were two wrongful dismissal cases this week. One was brought by a physician against Sick Kids Hospital. The Court found against the Hospital and allowed the appeal, remitting the matter back to the Superior Court for a determination of the damages. The second involved the breach of fiduciary duty of a senior officer of a public company who was found to have been self-dealing. The Court confirmed that the breach of fiduciary duty constituted just cause for termination.

    Filed under:
    Canada, Ontario, Company & Commercial, Crime, Employment & Labor, Family, Insolvency & Restructuring, Litigation, Blaney McMurtry LLP, Wrongful dismissal, Companies' Creditors Arrangement Act 1933 (Canada), Court of Appeal for Ontario
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    Energy
    2018-08-20

    Early last week PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy for Sequoia Resources Corp., filed a statement of claim against Perpetual Energy Inc., attempting to unwind an asset sale from Oct. 1, 2016. Alternatively, PwC is seeking $217-million in damages. Along with Perpetual, PwC has named certain subsidiaries and its CEO, Susan Riddell Rose, as defendants.

    In its statement of claim, the plaintiff is relying upon legal principles associated with oppression, reviewable transactions in insolvencies and regulatory law in support of its action.

    Filed under:
    Canada, USA, Insolvency & Restructuring, Litigation, Gowling WLG
    Authors:
    Paul H. Harricks , Stuart Olley , Richard Gushue KC , Jay Lalach
    Location:
    Canada, USA
    Firm:
    Gowling WLG

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