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    Fiduciary Duties of Directors and Officers in the “vicinity of insolvency”
    2016-01-12

    Individuals who serve as directors or offices of public companies in Canada face an increasing amount of shareholder litigation and a complex web of legal and regulatory provisions that must be  managed, navigated and adhered to.  The challenge to directors only increases when the company is insolvent, on the eve of insolvency or otherwise in some form of financial distress.  If the insolvency is driven by a liquidity crisis the company may be hard-pressed to maintain day-to-day operations and preserve going concern value for stakeholder groups.  Alternatively, if the pr

    Filed under:
    Canada, Company & Commercial, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Shareholder, Fiduciary, Good faith
    Authors:
    Walker W. MacLeod
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP
    Court of Appeal summaries (January 25, 2016-January 29, 2016)
    2016-01-29

    Hello All,

    Topics covered by the Court of Appeal this week in its civil decisions included franchise law (duty of disclosure), employment law (WSIB and wrongful dismissal of dependent contractors), insolvency (statutory privilege of documents), debtor-creditor (capacity to execute guarantees), MVA (liability of automobile lessors), family law (property claims of unmarried common law spouses), contracts (interpretation and specific performance), and motions to strike for no reasonable cause of action (a claim by a lawyer against the Law Society and a securities class action).

    Filed under:
    Canada, Ontario, Capital Markets, Company & Commercial, Employment & Labor, Family, Insolvency & Restructuring, Insurance, Litigation, Personal Injury, Blaney McMurtry LLP, Class action, Wrongful dismissal, Common law
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    Bankrupt’s right to assert solicitor-client privilege is not absolute
    2016-02-02

    In Wong v. Luu, the British Columbia Court of Appeal upheld an order requiring the production of a redacted trust ledger to the bankruptcy trustees for Luu Hung Viet Derrick (“Luu”) on the grounds that the trust ledger was not presumptively privileged and that production would not violate the bankrupt’s right to communicate in confidence with his lawyers.

    Filed under:
    Canada, Insolvency & Restructuring, Legal Practice, Litigation, Baker McKenzie, Legal professional privilege
    Authors:
    Michael Nowina
    Location:
    Canada
    Firm:
    Baker McKenzie
    Holding the black bag: Personal health information and bankruptcy proceedings
    2016-02-10

    Introduction

    A recent decision of the Ontario Information and Privacy Commissioner (OPC) highlights the potentially broad application of the Personal Health Information Protection Act (PHIPA).1

    Filed under:
    Canada, Ontario, Healthcare & Life Sciences, Insolvency & Restructuring, IT & Data Protection, Litigation, Gowling WLG
    Authors:
    Mark Hines
    Location:
    Canada
    Firm:
    Gowling WLG
    Court of Appeal Summaries (February 16-19, 2016)
    2016-02-19

    Hello again.

    Most of the Court of Appeal civil decisions this week were procedural in nature.  Topics included the standard of review of discretionary orders (deference), municipal law, leave to appeal and stays pending appeal in the CCAA context and the consolidation of appeals to the Court of Appeal as of right with Divisional Court appeals requiring leave.

    Have a nice weekend.

    Table of Contents

    Civil Decisions

    Pickering (City) v. Slade, 2016 ONCA 133

    Filed under:
    Canada, Ontario, Arbitration & ADR, Crime, Insolvency & Restructuring, Litigation, Real Estate, Blaney McMurtry LLP, Standard of review
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    December 2015 Pensions Newsletter
    2015-12-11

    ​​PENSION ADMINISTRATION

    York (Police Services Board) v. York Regional Police Association, 2015 CanLII 62103 (ON LA)

    Filed under:
    Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP
    Location:
    Canada
    Firm:
    Blake, Cassels & Graydon LLP
    Court of Appeal summaries (December 6- 11)
    2015-12-12

    Hello again for another week,

    Filed under:
    Canada, Employment & Labor, Family, Healthcare & Life Sciences, Insolvency & Restructuring, Legal Practice, Litigation, Non-profit Organizations, Private Client & Offshore Services, Real Estate, Blaney McMurtry LLP
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    Farmers, drivers and debtors: The Supreme Court considers the conflicts between the Bankruptcy and Insolvency Act and several provincial statutes
    2015-12-14

    On November 14, 2015, the Supreme Court of Canada rendered three decisions on the application of the the Bankruptcy and Insolvency Act, RSC 1985, c. B-3 (BIA) and its interaction with certain provincial statutes.

    OVERVIEW OF THE FACTS

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Tax, Lavery Lawyers, Debtor, Bankruptcy and Insolvency Act 1985 (Canada), Supreme Court of the United States, Supreme Court of Canada
    Authors:
    Laurence Bich-Carrière , Jonathan Warin
    Location:
    Canada
    Firm:
    Lavery Lawyers
    Fermiers, péages autoroutiers, véhicules accidentés : la Cour suprême étudie les conflits entre la Loi sur la faillite et l’insolvabilité et plusieurs lois provinciales
    2015-12-14

    Le 14 novembre 2015, la Cour suprême du Canada a rendu trois arrêts portant sur l’application de la Loi sur la faillite et l'insolvabilité, L.R.C. 1985, c. B-3 (LFI) et son interaction avec certaines lois provinciales.

    APERÇU DES FAITS

    Filed under:
    Canada, Quebec, Company & Commercial, Insolvency & Restructuring, Litigation, Lavery Lawyers
    Authors:
    Laurence Bich-Carrière , Jonathan Warin
    Location:
    Canada
    Firm:
    Lavery Lawyers
    Ontario Court of Appeal confirms bondholders not entitled to post-petition interest
    2015-12-18

    The Ontario Court of Appeal (Court) recently affirmed the decision of the Ontario Superior Court of Justice in Nortel Networks Corporation (Re) (Nortel),[1] that the “interest stops” rule applies in proceedings unde

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Dentons, Bond (finance), Interest, Court of Appeal for Ontario
    Authors:
    John J. Salmas , Sara-Ann Van Allen
    Location:
    Canada
    Firm:
    Dentons

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