Advisory Board: Peter Farkas (KSV Advisory Inc.), Peter Gibson (Alvarez & Marsal), Darren Bieganek (Duncan Craig LLP), Milly Chow (Blake, Cassels & Graydon LLP) and David Mann (Dentons).
Editorial Board: Professor Stephanie Ben-Ishai, Osgoode Hall Law School, York University; and Professor Roderick J. Wood, Faculty of Law, University of Alberta
The Journal of the Insolvency Institute of Canada brings together articles written by the thought leaders at the IIC, discussing the most important insolvency and restructuring topics, policies, and issues of the day. In this exclusive volume, all of the topics discussed at the annual conference of the Insolvency Institute of Canada are now available to members and non-members alike. It represents an important glimpse into the evolution of Canadian insolvency law and policy-making.
- Strange Fascinations – Changes and a Lender’s Recourse Under MAC Clauses and Guarantees by Stuart Brotman and Dylan Chochla – Brotman and Chochla assess the expectations and the risks of a loan between the lender and the borrower; specifically, the article touches on the material adverse change (MAC) clause and guarantees.
- Quatre ans après Lemare Lake – Somes-nous prêts à accepter que la célérité n’est pas un objectif de la Loi sur la faillite et l’insolvabilité? Est-ce que l’impact de l’arrêt sur les recours hypothécaires québécois est finalement clair? par Christian Lachance et Hannah Toledano.
- Bitcoin and Bankruptcy: Implications for Canadian Insolvency Law by Adam Driedger – Driedger aims to cover a topic that is still relatively new to the legal realm. Bitcoin is still under observation throughout various jurisdictions, and thus, different approaches have been taken. Driedger’s article drills down on the concept of cryptocurrency and how the gaps are filled within insolvency law.
- Going from Cannabis to Canna-Biz: Potential Insolvency Issues Facing Canada’s Growing Legalized Cannabis Industry by John R. Sandrelli and Cindy Cheuk – Sandrelli and Cheuk examine the current Canadian framework for the legal cannabis, anticipated challenges for lenders and insolvency professionals, and potential strategies for credit risk management and debtor restructuring.
- A Good Problem to Have: How Shareholders Received a Surplus in Danier’s Insolvency by Natalie Renner – Renner reviews Danier’s various insolvency proceedings and also highlights the functional gap that exists between corporate, securities, and insolvency legislation.
- Rights of First Refusal and Options to Purchase in Insolvency Proceedings – Not Quite Insurmountable by Virginie Gauthier, David Sieradzki and Hugo Margoc – Gauthier, Sieradzki and Margoc discuss the right of first refusal (“ROFR”) or an option to purchase (“OTP”) in the context of insolvency proceedings under the Companies’ Creditors Arrangement Act.
- Court Ordered Priming Charges vs. Source Deductions Deemed Trust Claims – One Practitioner’s Perspective by Matt McCulloch – McCulloch analyzes CNC Group’s application for an initial order under the Companies’ Creditors Arrangement Act.