By Jennifer Stam and Meghan Parker on Posted in CanadaWhen faced with a cross-border or multi-jurisdictional filing, it is important to understand the key attributes of the restructuring legislation in all applicable jurisdictions. Where Canadian assets, creditors and/or operations are involved, the Canadian Companies’ Creditors Arrangement Act (CCAA) provides a restructuring regime that can be beneficial to debtors and creditors. Below are a few… Continue Reading
By NRF Digital Team on Posted in Canada,Europe,Financial Restructuring & Insolvency,Global,UK,USOur global bankruptcy financial restructuring and insolvency team has released its quarterly International Restructuring Newswire. Our new issue features articles from Canada, Germany, the Netherlands, South Africa, the US and the UK to help you stay current on recent developments in restructurings in various jurisdictions around the globe. Steinhoff restructuring: The Dutch suspension of payments as an… Continue Reading
By Scott Atkins (AU) on Posted in Australia,Canada,Europe,Latin America,Singapore,UK,USThis article was first published on the Private Sector Development Blog on July 27, 2021. The article is co-authored with Mahesh Uttamchandani (Practice Manager, Financial Inclusion, Infrastructure & Access in the Finance, Competitiveness, and Innovation Global Practice, World Bank Group) and Andrés F. Martínez (Chair, World Bank/INSOL International Legislative and Regulatory Group). COVID-19 continues to… Continue Reading
By Howard Seife (US) on Posted in Australia,Canada,Europe,Latin America,UK,USOur global bankruptcy financial restructuring and insolvency team has released its quarterly International Restructuring Newswire. In this issue, our team examines the impact of the COVID-19 pandemic on the global restructuring market and the reform of legal framework that governs restructurings in Italy, Hong Kong, mainland China and Australia. Also, we are pleased to announce the appointment of… Continue Reading
By Howard Seife (US) on Posted in Australia,Canada,Europe,Latin America,UK,USThis issue of the International Restructuring Newswire surveys recent developments in no fewer than five countries. In the United States, on the 15th anniversary of the enactment of the Model Law on Cross-Border Insolvency as Chapter 15, we present our annual survey of new case law in the US. These decisions have far-reaching influence in the… Continue Reading
By NRF Digital Team on Posted in Australia,Canada,Europe,Singapore,UK,USFieldwork for Norton Rose Fulbright’s sixteenth annual litigation trends survey was conducted in December 2020, providing up-to-date insights on key US disputes trends across a tumultuous year and a look ahead into 2021. View our sixteenth annual litigation trends survey here for insights from 183 corporate counsel on disputes trends, the impact of COVID-19 on… Continue Reading
By NRF Digital Team on Posted in Canada,Europe,UK,USOur global bankruptcy financial restructuring and insolvency team has released its quarterly International Restructuring Newswire.… Continue Reading
By Dominic Dupoy (CA), Julie Himo (CA) and Arad Mojtahedi (CA) on Posted in CanadaA monitor appointed under the Companies’ Creditors Arrangement Act (CCAA) may commence a claim against third parties in the name of the debtor. The purpose of such a claim is obviously to maximize the value of the debtor’s assets for the benefit of its creditors. In the event the monitor settles a claim with some… Continue Reading
By Tony Reyes on Posted in CanadaHas the law changed in Canada based on the September, 2017 decision of Justice Myers of the Ontario Superior Court of Justice in the Toys ”R” Us (Canada) Ltd. case? Section 11.2 of the Canadian Companies’ Creditors Arrangement Act (“CCAA”) allows the Court to create a charge to secure a DIP financing. However, that section… Continue Reading
