Appellate Court Casts Doubt on Finality of Asset Sales in Canadian Insolvency Proceedings
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Appellate Court Casts Doubt on Finality of Asset Sales in Canadian Insolvency Proceedings
By Brendan Bissell & Jennifer Stam, Counsels, Goldman Sloan Nash & Haber LLP
There are many similarities between the sale of assets through a bankruptcy sale in the United States under Section 363 of the U.S. Bankruptcy Code and the sale of assets under Canada’s Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act. Although the two countries’ legislation...
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Jennifer Stam is counsel in Goldman Sloan Nash & Haber's Restructuring & Insolvency Group. She practices in the areas of commercial insolvency, corporate restructuring, corporate law, and bankruptcy. Stam has been involved in significant Canadian, cross-border, and transnational commercial, insolvency, and restructuring matters, and has acted for debtors and monitors in many key Companies’ Creditors Arrangement Act (CCAA) proceedings and ancillary proceedings (Part IV of the CCAA).
Brendan Bissell is a member of the Goldman Sloan Nash & Haber's Restructuring & Insolvency Group and an experienced litigator with a practice in commercial litigation focusing on restructuring and insolvency. He represents major stakeholders in corporate restructuring engagements in various industries and acts for all parties affected by the insolvency process, including debtors, lenders, purchasers, creditors, and directors, as well as various accounting firms in their capacity as trustees, receivers, and monitors.
