This article has been contributed to the blog by Ziyi Shi. Ziyi Shi is an associate cross-appointed to the Corporate Group and Insolvency and Restructuring Group of Osler, Hoskin & Harcourt LLP.
In 2017, the Quebec Court of Appeal had issued a decision in the matter of Arrangement relatif à Métaux Kitco inc., 2017 QCCA 268 ("Kitco") to the effect that the Companies' Creditors Arrangement Act (the "CCAA") prohibited the exercise of all rights of set-off between pre-filing and post-filing claims.
Le 4 février 2019, la Cour d'appel du Québec a rendu sa décision dans l'affaire Callidus Capital Corporation et al. c. 9354-9186 Québec Inc.
On February 4, 2019, the Court of Appeal of Quebec released its decision in the matter of Callidus Capital Corporation and al. v.9354-9186 Québec Inc. (formerly Bluberi Gaming Technologies Inc.).
37026 Steven Paul Boone v. Her Majesty the Queen
Criminal law – Offences – Elements of offence
RCR International, Inc. (“RCR”), along with its wholly-owned subsidiary, has filed a petition under Chapter 15 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10112).
In Canada, the federal government enacted the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”), which is intended to relieve honest but unfortunate debtors of their debts and to organize a process that allows for an orderly administration of the estate of the debtors.
The process created by the BIA sets out the duties and obligations of the various stakeholders involved in the insolvency proceeding and it establishes numerous deadlines by which certain tasks are required to be accomplished.
Some of the more salient delays include:
As we previously reported, the Quebec government last month issued an omnibus cleanup order respecting the Lac-Mégantic disaster, including orders of questionable validity against shareholders of parties which may bear primary responsibility.
On March 16, 2018, a Quebec Court approved a litigation funding agreement for an insolvent company operating under court-protection in a Companies’ Creditors Arrangement Act (CCAA) proceeding. The insolvent company wanted to pursue a significant claim against its primary secured creditor and the litigation funding agreement stipulated that the third party litigation funder will pay all legal fees and disbursements in relation to the proposed claim in exchange for a portion of any proceeds of the litigation.
Consumer law in Québec remains in constant evolution, and the Consumer Protection Act (CPA) continues to be the subject of many court decisions each month.
In this new article in our series on consumer law, we present recent developments in this area from the perspective of Québec Court of Appeal decisions over the past 12 months, which shed some light on the rules of the CPA.