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COVID And The Courts: The Year In Review - Real Estate and Construction

COVID And The Courts: The Year In Review - Real Estate and Construction
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A Legal FAQ Regarding Laurentian University's CCAA Filing - Insolvency/Bankruptcy/Re-structuring

As widely reported, on February 1, 2021 Laurentian University
obtained creditor protection under the
Companies Creditors
Arrangement Act (CCAA). This is an unprecedented occurrence
amongst publicly funded Canadian universities and colleges, though
in B.C., we have had recent experience with the insolvency of Quest
University, a
privately funded non-profit university.
The materials related to Laurentian s CCAA filing, including
the Court s orders, can be found here: Restructuring
Document Centre 2.0 (ey.com). The document entitled
Endorsement makes particularly interesting reading, as it
discusses Laurentian s structure and its Liquidity Crisis
and Insolvency in plain terms.
Restructuring under the CCAA gives financially troubled
companies (including incorporated, publically funded universities ....

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Municipal Insolvency In Canada - Insolvency/Bankruptcy/Re-structuring

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The COVID-19 pandemic is projected to have a devastating impact
on the Canadian economy. A recent report released by the
Parliamentary Budget Officer indicated that the federal deficit
could exceed $250 billion in 2020-21 and that Canada s GDP
could contract by as much as 12 percent.
1 These
projections should come as no surprise given the effective shutdown
of the Canadian economy and the financial measures adopted by all
levels of government to limit the economic impact of the
pandemic.
2
Much of the focus regarding the pandemic s impact has been ....

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Canadian Insolvency Trends In 2020: A Pandemic Year In Numbers - Insolvency/Bankruptcy/Re-structuring

WeirFoulds LLP
The significant priorities cases in 2020 arose in every imaginable context from the sale of residential properties to construction projects to remediating environmental damage.
Norton Rose Fulbright Canada LLP
In February 2020, we blogged about a then recent decision by Romaine J. of the Court of Queen s Bench of Alberta relating to the interplay between the personal bankruptcy regime and administrative.
Watson Goepel LLP
In a summary bankruptcy administration, the fees and disbursements of a trustee are prescribed by Rule 128 of the Bankruptcy and Insolvency General Rules
Blake, Cassels & Graydon LLP
Flexibility and creativity have long been regarded as hallmarks of Canada s main corporate restructuring statute, the Companies Creditors Arrangement Act (the CCAA ). ....

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