On June 10, 2021, the Supreme Court of Canada granted leave to appeal a decision with implications for the enforceability of alternative dispute resolution clauses in insolvency proceedings in Canada. Background In Petrowest Corp. v. Peace River Hydro Partners, a receiver was appointed over Petrowest under Canada’s federal Bankruptcy and Insolvency Act (“BIA”). In this case, the receiver later assigned the company into bankruptcy and was also acting as its bankruptcy trustee. The receiver/trustee commenced…
Latest Posts
- Canada: Enforceability of Arbitration Clauses in Insolvency Proceedings
- INSOL Virtual 2021: When the well runs dry – A look at directors’ and officers’ duties and liabilities in COVID
- INSOL Virtual 2021: Not just Brexit – New 2021 dilemmas in cross-border recognition.
- INSOL Virtual 2021: Who is interested in acquiring or investing in distressed assets in our markets?
- INSOL Virtual 2021: Day to day — What’s affecting the Asia Pacific?
- INSOL Virtual 2021: When the clock strikes midnight – impact on non-performing loans after the emergency relief ends
- Australia: Australia’s New Insolvency Regimes for Small Business
- Europe: The new European restructuring schemes
Recent
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