Canada:
Webinar: COVID-19 Restart Series: Financial Restructuring Of A Business In Challenging Times
03 May 2022
Fogler, Rubinoff LLP
To print this article, all you need is to be registered or login on Mondaq.com.
As a result of COVID-19 the business environment is and will be
increasingly challenging for many businesses in Canada. Members of
our Insolvency & Restructuring team will discuss strategies for
dealing with: " bank and non-bank lenders; " suppliers
including IT/IP contracts; " landlords; and, " boards of
companies dealing with short and longer term market and financial
upheavals in both domestic and cross-border proceedings and
negotiations. Challenges facing certain industries will be also
addressed, including real estate and cannabis.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Insolvency/Bankruptcy/Re-Structuring from Canada
Declaring A Cash Dividend: Remember The Solvency Tests!
Fogler, Rubinoff LLP
While the board of directors of a corporation governed by the OBCA has the power to declare dividends, its authority to declare and pay cash dividends is subject to compliance with two statutory solvency tests.
Lifting The Stay
Miller Thomson LLP
On July 27, 2020, the Newfoundland and Labrador Supreme Court (the "Court") released its decision in Great North Data Ltd., (Re),[1] where Justice Handrigan ...