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...

CAIRP’s new Chair André Bolduc is a soft-spoken heavy metal enthusiast with experience, expertise, and the unwavering respect of his peers.

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 September 27, 2023—more recent developments in each case are not reflected.

As I write my final reflections as Chair of CAIRP, it is hard to believe that it has been more than 36 months since the COVID-19 pandemic hit. I don’t think any of us would have imagined in March 202...

By Claire Fan, Economist, RBC Highlights * The Bank of Canada and U.S. Federal Reserve last year embarked on one of their most rapid rate hiking cycles since the 1980s, to tame rapidly accelerating...

By Stephanie Wanke, Sr. Specialist Legal Editor, Thomson Reuters - Practical Law Canada, Insolvency and Restructuring Insolvencies are financial tornadoes, harming not just the debtor, but also employees,...

What the meteoric rise of generative AI could mean for the insolvency profession

By Jared Enns and Forrest Finn, Cassels Brock & Blackwell LLP -- I – INTRODUCTION -- In recent years, reverse vesting orders (“RVOs”) have become an important feature in restructuring proceedings...

Applying Part XII of the BIA to Cryptocurrency Platform Bankruptcies

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...