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Overview of the Companies’ Creditors Arrangement Act

1.0 Introduction - The Companies’ Creditors Arrangement Act (CCAA) is the principal statute for the reorganization of a large insolvent corporation. The CCAA can also facilitate the sale of an insolvent business. As a...more

Chapter 11 and CCAA: A Cross-Border Comparison

Chapter 11 and CCAA - A Cross-Border Comparison - A Comparison of the Key Differences Between Chapter 11 of the U.S. Bankruptcy Code and the Companies’ Creditors Arrangement Act. ...more

La CSC confirme la discrétion du tribunal de suspendre le droit d’exercer compensation pré-post en vertu de la LACC

Le 10 décembre 2021, la Cour suprême du Canada (la « CSC ») a rendu sa décision dans l’affaire Montréal (Ville) c. Restructuration Deloitte Inc. (l’« affaire Groupe SM ») concernant les procédures déposées en vertu de la LACC...more

Supreme Court of Canada confirms CCAA Court's discretion to stay Pre-Post Set-off/Compensation

On December 10, 2021, the Supreme Court of Canada (SCC) released its decision in Montréal (City) v. Deloitte Restructuring Inc. (In the matter of the CCAA Proceedings of Le Groupe SM et al) (Groupe SM), providing clarity...more

Key Developments In Canadian Insolvency Case Law In 2020

In 2020, several significant judicial decisions were rendered across Canada relevant to commercial lenders, businesses and restructuring professionals. This bulletin summarizes the core issues of importance in each case and...more

SCC Has the Final Word: Litigation Financing and Improper Purpose by a Creditor

On May 8, 2020, the Supreme Court of Canada (Supreme Court) issued its reasons in the restructuring proceedings of Bluberi Gaming Technologies Inc., now 9354-9186 Québec Inc., et al. (Bluberi) under the Companies’ Creditors...more

From “Judgment Granted” to Getting Paid: SCC Ruling Makes it Easier for Plaintiffs to Enforce Judgments

The Supreme Court of Canada (SCC) has rendered judgment in a closely-watched case involving the intersection of judgment enforcement and privacy rights. As discussed in an our July 2015 Blakes Bulletin: You Won Your Case —...more

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