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Canada

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Baker McKenzie has published the seventh edition of the Global Restructuring & Insolvency Guide. The Guide has been compiled by Baker McKenzie lawyers experienced in the practical aspects of restructuring and insolvency. It should provide you with a helpful reference tool to understand the numerous insolvency and restructuring regimes that may affect your business. It answers some key questions in light of the COVID-19 pandemic, such as, ‘Is state support for distressed businesses available?’ and…

In a recent decision 9354-9186 Québec inc. v. Callidius Capital Corp, 2020 SCC 10 , the Supreme Court of Canada affirmed that: under Canada’s Companies’ Creditors Arrangement Act (“CCAA”), supervising judges have broad powers and discretion to enforce the requirement that parties act in good faith; a CCAA judge has the discretion to bar a creditor from voting on a plan of arrangement where they determine that the creditor is acting for an improper purpose;…