Michael Shakra

Bennett Jones LLP

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New Pension Priorities in Bankruptcy and Insolvency Are Now Reality

This is an update of our original blog dated April 24, 2023. Bill C-228, An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act and the Pension Benefits Standards Act, 1985 received Royal...more

5/3/2023 / Canada , Employee Benefits , Employer Liability Issues , Insolvency , Pension Funds , Pension Reform , Pensions , Retirement Plan

New Pension Priorities in Bankruptcy and Insolvency Are Closer to Reality

Federal Bill C-228 (the Bill), new legislation intended to improve the protection of, and to extend the super-priority given to claims relating to, defined benefit pension plans in insolvency proceedings, completed third...more

4/25/2023 / Benefit Plan Sponsors , Employee Benefits , Insolvency , Pension Plan Amendments , Retirement Plan

Stoneway: Use of the CBCA as a Cross-Border Restructuring Tool

In May 2022, the Canada Business Corporations Act (CBCA) was used to implement a cross-border and international restructuring of a group of companies (collectively known as Stoneway),1 whose principal business is the...more

5/31/2022 / Bankruptcy Code , Canada , Chapter 11 , Corporate Counsel , Corporate Governance , Corporate Restructuring , Cross-Border , Debt Restructuring

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