Canada: Insolvency/Bankruptcy

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Article
The CCAA’s Reach Expands: Equity Investors, Foreign Companies And Solvent Companies
Can equity investors commence proceedings under the Companies’ Creditors Arrangement Act (CCAA)? Can CCAA relief extend to foreign companies with no business or assets in Canada? Can CCAA relief be granted against entities that are not insolvent? In a precedent-setting decision released on May 11, 2026, the Alberta Court of Appeal held, yes, yes and yes (in appropriate circumstances).
Canada Commercial
BC
Blake, Cassels & Graydon LLP
Article
From Recognition To Recovery: Appointment Of Receiver For Centralized Asset Recovery Process In Cross-Border Insolvency Proceedings
The Alberta Court of King's Bench recently appointed a receiver to facilitate foreign liquidators running a claims process to recover funds from "net winners" of a Ponzi-type scheme located in several different provinces in Canada. This decision illustrates a powerful tool available in cross-border insolvency proceedings to recover assets located in Canada, particularly where assets are held by individuals in multiple provinces and recovery may involve determination of common issues.
Canada Insolvency
MT
McCarthy Tétrault LLP
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