Ilia Kravtsov Ilia Kravtsov

Employees affected: Superior Court of Québec clarifies the status of employee claims in CCAA proceedings

Most restructuring proceedings include downsizing and terminations that invite claims from affected employees. A recent judgment from the Superior...

No special treatment: Securities class action stayed by CCAA Court

No special treatment: CCAA Court extends  stay of proceedings despite an attempt by the applicants in a securities class action to limit its...

Court of Queen’s Bench of Alberta concurrently approves sales process and transaction proposed by stalking horse bidder

On March 30, 2022, the Court of Queen’s Bench of Alberta issued an order simultaneously approving a sales solicitation process and a transaction...

Supreme Court of Canada expands discretion of the Courts to allow pre-post compensation in ‘rare’ cases

Osler lawyers analyze a recent Supreme Court of Canada decision which provides courts with an additional tool to ensure fairness in the insolvency...

Québec Court of Appeal clarifies rules on guarantors’ liability for legal fees

The Québec Court of Appeal recently rendered a judgment authorizing a lender to recover its reasonable legal fees from a guarantor (or surety),...

Supreme Court of Canada denies leave to appeal and confirms Québec courts’ ability to appoint BIA receivers

The Supreme Court of Canada dismissed an application for leave to appeal the decision of the QCA in Séquestre de Media5 Corporation, 2020 QCCA 943,...