President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 27, 2020, marking the largest economic recovery package in U.S. history. The $2.2 Trillion rescue legislation provides $150...more
The COVID-19 situation has already had a significant effect on the economy, and it will no doubt continue to do so. Almost every type of business is likely to experience some form of financial upheaval. We simply cannot...more
1. OVERVIEW - The impact of COVID-19 is changing at a rapid pace. The outbreak of the 2019 Novel Coronavirus disease (“COVID-19”) which originated in Wuhan, China, has rapidly spread throughout the world, including Canada...more
Factoring transactions, in which a buyer purchases outright or acquires an interest in a seller’s accounts receivable, are becoming increasingly common. Initially, the buyer must determine whether the transaction is to be...more
10/23/2015
/ Bankruptcy Insolvency Act (BIA) ,
Buyers ,
Canada ,
CCAA ,
Clawbacks ,
Commercial Bankruptcy ,
Consideration ,
Creditors ,
Discounts ,
Factoring Transactions ,
Fair Market Value ,
Insolvency ,
Look-Back Measurement Period ,
Sale of Assets ,
Sellers ,
Supreme Court of Canada ,
Undervalue Transfers
Overview -
On February 1, 2013, the Supreme Court of Canada (the “SCC”) affirmed the priority granted to Debtor-In-Possession (“DIP”) lenders who provide capital to debtor companies undergoing the restructuring process...more
2/7/2013
/ Chapter 11 ,
Constructive Trusts ,
Debtors-in-Possession ,
Fiduciary Duty ,
Indalex ,
Lenders ,
Loans ,
Pension Benefits Act ,
Pensions ,
Restructuring ,
Statutory Deemed Trusts ,
Subsidiaries ,
The Companies' Creditors Arrangement Act