Building on a rich legacy of rebuilding success with a strong volunteer-centric culture

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 July 31, 2024—more recent developments in each case are not reflected.

At CAIRP’s recent Annual General Meeting (AGM), we marked CAIRP’s 45th anniversary. It is hard to believe 45 years have passed since the Association was formed. Over the years, CAIRP and the industry...

By Chris Nyberg, Partner, MLT Aikins LLP & Kaitlin Ward, Associate, MLT Aikins LLP Since the release of Tantalus Labs Ltd. (Re), 2023 BCSC 1450 ("Tantalus"), a decision of the British Columbia Superior...

Supreme Court holds that Administrative Disgorgement Orders Survive Bankruptcy but Administrative Monetary Penalties Do Not

By Alexis Teasdale, Partner, Lawson Lundell LLP and Vanessa Allen, Senior-Vice President, MNP Ltd. This paper will use legal descriptions currently in use in Federal legislation, but the authors recognize...

Why insolvency professionals love what they do

By Julien Morissette, Lawyer and Partner, Osler, Hoskin & Harcourt Introduction When a business is on the “verge of insolvency”, the ground is often fertile for liability claims against the directors...

By Michael Turcsanyi, CEO, TruPoint Sponsored Content -- Introduction -- It seems like every day we hear how about another business or entire industry is being hit hard by Cyber Security incidents....

By Matilda Lici, Associate, Aird & Berlis LLP The Ontario Superior Court of Justice in Re Singh, 2024 ONSC 837 recently considered whether courts have the authority under the Bankruptcy and Insolvency...

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...

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.

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.

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...

-- 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...

-- 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...

-- 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...

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...

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)...

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...

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...

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...