Canadian Association of Insolvency and Restructuring Professionals

Another Five Years at the Helm February 6, 2024
Appointed for a second term, the Superintendent of Bankruptcy helmed the insolvency regime through COVID and has set her sights on improving the post-pandemic future.
Cases we are Following
In Case You Missed It: Decisions on Our Radar February 6, 2024
The financial restructuring group at Davies Ward Phillips & Vineberg LLP is tracking the following cases. We have briefly described issues and updates for each case relevant to the CAIRP membership. Unless otherwise noted, the information in the chart is current to January 9, 2024—more recent developments in each case are not reflected.
CAIRP Chair's Reflections
Chair’s Message: Rebuilding Success February 6, 2024
With the start of a new year comes many new opportunities and challenges for CAIRP members and the insolvency and restructuring profession. Over the last few years, the insolvency marketplace has been...
In Depth
COVID and the Courts February 6, 2024
-- A microscopic bug changed the mighty legal system, but not entirely for the worse -- By Joanne Paulson When COVID-19 slammed into society in early 2020, the reaction by Canadian governments was swift...
Legal Commentary
Asserting Limitation Period Defences in the Bankruptcy Context February 6, 2024
-- A Case Comment on AssessNet Inc. v. Ferro Estate, 2023 ONCA 577 -- By Matilda Lici, Associate, Aird & Berlis LLP and Sam Babe, Partner, Aird & Berlis LLP The Court of Appeal for Ontario in AssessNet...
Magical Mystery Tour February 6, 2024
-- The need for more collective action to serve the LIT profession -- By Douglas Hoyes, BA, CPA, CA, CIRP, LIT, CBV, Co-founder, Hoyes, Michalos & Associates Inc. and Howard Manis, Senior Counsel, Manis...
Academic Perspective
Trends in Business Insolvency Rates: Economic Conditions and Beyond February 6, 2024
Benoit Mario Papillon, Ph.D. Department of Finance and Economics School of Management, UQTR The OSB reports a business insolvency rate for 2022 of 0.8 companies per thousand existing businesses. This...
Corporate Insolvency
The Final Curtain Call... EncoreFX February 6, 2024
Authors: William E.J. Skelly, Partner, MLT Aikins LLP Dana M. Nowak, Partner, MLT Aikins LLP Case Link: EncoreFX Inc. (Re), 2023 BCSC 39 -- Introduction -- The insolvency of EncoreFX Inc. (EncoreFX)...
Education Update
Rebuilding, It’s What We Do: A Report on the CIRP Qualification Program Renewal February 6, 2024
By Tim Carson, FCIRP (ret,), LIT, (Interim) Director, Education Programs, CAIRP Rebuilding. It’s what we do. Renew, rebuild. And, so it is with the CQP Renewal Program. For anyone who hasn’t been...
CAIRP Awards
Recognizing the Extraordinarily Exceptional! February 6, 2024
By Donna Collins, FCIRP (ret.) In any given year, a high percentage of CAIRP’s members volunteer their time and expertise in some capacity. These volunteers have discovered the secret of volunteerism: You...
Book Review
An Overview of “Reinventing Bankruptcy Law”: A History of the Companies’ Creditors Arrangement Act February 6, 2024
Virginia Torrie, Associate Professor, University of Manitoba, Faculty of Law The Companies’ Creditors Arrangement Act (CCAA) has been on Canada’s statute books for almost 90 years. In the last four...
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