Tracy Sandler, Andrea Lockhart
Osler lawyers Tracy Sandler and Andrea Lockhart provide a thorough analysis of corporate recovery and insolvency practices in the Canada chapter of The International Comparative Legal Guide to Corporate Recovery and Insolvency 2015. The chapter reviews the varying nature of vulnerable transactions – as well as the formal procedures and claims process – in a methodical and common sense question-and-answer format.
The Q&A provides an overview of what creditors can expect when dealing with corporate recovery and insolvency issues in Canada. It also explains how a Canadian chartered bank may take personal property security from certain types of debtors. Additional topics covered in the chapter include:
- Issues arising when a company is in financial difficulties
- Formal procedures
- Continuing the business
- Ending the formal procedure
DOWNLOAD PDF: ICLG - Corporate Recovery and Insolvency 2015
This chapter originally appeared in the 9th edition of The International Competitive Guide to Corporate Recover & Insolvency, published by Global Legal Group.