Canada: Financial Restructuring

As the Bank of Canada's interest rate hikes push variable-rate mortgages past trigger rates and trigger points, many Canadian homeowners face mounting payment pressures reminiscent of the 2008 financial crisis.

The Ontario Superior Court of Justice has reinforced the single proceeding model in insolvency matters, determining that court-appointed receivers can pursue claims agains...

Timothy Dunn of Blaneys recently secured a key win for equipment lessors navigating insolvency proceedings.

Canada's transfer pricing landscape has undergone a fundamental transformation with new rules taking effect in 2026, introducing substance-based tests and subjective comparisons that align with OECD Guidelines. How should multinational enterprises navigate these changes to ensure compliance while managing cross-border transactions involving goods, services, and intangible property within their corporate structures?

In National Bank of Canada v. Sunterra Food Corporation (2026 ABKB 206), the Alberta Court of King’s Bench declined to extend CCAA stay protection to West Market Square Inc.

The Federal Court recently confirmed its lack of jurisdiction over bankruptcy trustee decisions regarding claim approvals or disallowals, clarifying that provincial superior courts hold exclusive authority over bankruptcy matters with only one narrow exception. An applicant's failure to file in the correct court resulted in cost awards due to wasted judicial resources.

The novel issue in Metcalfe was whether the CCAA permits a plan to include releases of claims against third parties who are themselves not creditors or debtors and therefore parties to the plan

From "multi-Crown" class actions to the corporate attribution doctrine, Davies litigators explore the judicial shifts from 2024-2025 that business leaders need to know...

L'opposition entre l'exécution des conventions d'arbitrage et les impératifs d'efficacité du modèle de la procédure unique demeure l'un des défis majeurs du droit moderne en matière de restructuration.