The recent cases testing the new provisions have led to a number of useful decisions to help guide foreign representatives in understanding the Canadian regime and what courts can — and are willing — to do to assist cross-border proceedings. Together with the proactive steps taken by the CLUC to create model recognition and supplemental orders in the context of foreign main proceedings, foreign representatives can find comfort that the underlying principals of the Model Law are respected and recognized in Canada.
Under French law, the divestiture of an unprofitable business can create specific legal risks. For example, international companies should anticipate post-closing liabilities under bankruptcy proceedings and employee claims. Learn more about what to expect and how to navigate associated risks.
This brief resource (QuickCounsel) provides a brief overview of executor contracts in bankruptcy and the key issues they present.
This brief resource (Top Ten) outlines tips for evaluating relevant issues and recommendations for proceeding through bankruptcy issues.
As global economies recover from the credit crisis, lack of available funding is crippling major infrastructure initiatives, and financial advisors are searching for new sources of credit to get their projects off the ground. The Province of Ontario, however, may have found a solution to the problem: a pooled financing vehicle. This article demonstrates the success of local governments using such a model to fund new infrastructure development.
Your company has just announced it will be filing for reorganization under chapter 11. First, take a deep breath. Now what? You and your team have a staggering amount of work to accomplish in a short period of time, without any guarantee of success or even employment upon completion. Plan appropriately and your company’s story might not end at chapter 11.
When those two words - Chapter 11 - loom imminently over your company, you may believe that you're well-prepared to press forward. But are you really as ready as you think you are? You will be after reading this article, which highlights the essentials of filing the forms, knowing the details and learning the new perspectives necessary to not only survive, but also succeed during a Chapter 11 proceeding.
Even with the pressure of bankruptcy filings bearing down on you, Todd Silberman highlights the importance of taking time away from the stress to regain focus and perspective.
This issue provides what you need to know about European Insolvency Regulation 1346/2000, Italian insolvency laws, U.K. corporate insolvency law, new insolvency and bankruptcy legislation in Italy, and courting justice.
Discuses several measure that you can take to protect your company and minimize the risk when a customer's or supplier's financial situation worsens and includes sample forms.