Insolvency & Restructuring

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Feb 1, 2022

WeirFoulds Partner Philip Cho appointed to the Registrar’s Committee

WeirFoulds is pleased to share that Philip Cho’s nomination to the 2022 Registrar’s Committee was approved by Chief Justice Morawetz. The Registrar’s Committee is a sub-committee of…

Jan 24, 2022

WEPPA Amendments in Force: Some Welcome Changes

On November 20, 2021, long-awaited amendments to the Wage Earner Protection Program (“WEPP”) came into force. The amendments are a welcome change to WEPP and will close…

Aug 19, 2021

Here’s the Drill: Commingling of Funds – Carillion Canada

On June 28, 2021, the Court of Appeal for Ontario released a decision dealing with an insolvent contractor and the complications that arose when the funds it…

Jun 28, 2021

A number of WeirFoulds lawyers will serve on OBA Law Section executives for 2021-2022 term

WeirFoulds is pleased to announce that a number of our lawyers have been selected to serve on the Ontario Bar Association’s Law Sections and Law Section executives…

Feb 8, 2021

WeirFoulds welcomes senior insolvency and corporate restructuring lawyer Wojtek Jaskiewicz

WeirFoulds is delighted to announce that Wojtek Jaskiewicz has joined the firm as a partner in our Insolvency and Bankruptcy Practice Group. Wojtek is certified by the…

Oct 1, 2020

WeirFoulds Partner Philip Cho appointed to the Board of Directors of the International Association of Korean Lawyers

WeirFoulds is pleased to announce that Philip Cho, Partner and Member of the Insolvency and Restructuring Practice Group, has been elected to the Board of Directors for…

Jun 25, 2020

Multiple WeirFoulds lawyers to serve on OBA Law Section executives for 2020-2021 term

WeirFoulds is pleased to announce that a number of our lawyers have been selected to serve on the Ontario Bar Association’s Law Sections and Law Section executives for…

Oct 29, 2019

Enhancing Security of Pensions in Insolvency Proceedings: Amendments to BIA and CCAA to Take Effect in November

On November 1, 2019, several amendments to the Bankruptcy and Insolvency Act (the BIA) and the Companies Creditors’ Arrangement Act (the CCAA) will take effect. Previously, our…

Jun 20, 2019

Multiple WeirFoulds lawyers to serve on OBA Law Section executives

WeirFoulds is pleased to announce that a number of our lawyers have been elected as Members-at-Large of the Ontario Bar Association’s Law Section executives for the 2019-2020…

Jun 4, 2019

“Just Friends” or Something More? Court Finds Shareholders in Closely-Held Corporation Were Dealing at Arm’s Length

In 1085372 Ontario Limited v. Kulawick, 2019 ONSC 2344, the Honourable Justice Penny dismissed an action to set aside a transaction under s. 96(1) of the Bankruptcy…

Mar 19, 2019

WeirFoulds welcomes Insolvency and Bankruptcy Partner Philip Cho

WeirFoulds is pleased to announce that Philip Cho has joined the firm as a partner focusing on Insolvency and Bankruptcy. Philip also has a complimentary practice in…

Sep 7, 2016

Contempt and Bankruptcy: Striking the Right Balance

In its recent decision in Walchuk v Houghton, 2016 ONCA 643, the Court of Appeal for Ontario clarified the interaction between the stay provisions of the Bankruptcy and Insolvency Act (BIA) and motions for contempt of court orders.

Feb 4, 2016

WeirFoulds Represents Honeywell in the Acquisition of COM DEV International’s Space Hardware and Systems Business

On Thursday, February 4, 2016, Honeywell (NYSE:HON) completed the previously announced acquisition by plan of arrangement of COM DEV International Ltd. (TSX:CDV), a leading satellite and space components provider of switches and multiplexers.

May 2, 2013

A new test for boardroom liability; Ontario trying to force directors of bankrupt manufacturer to cover remediation costs at former factory

WeirFoulds partner, Paul Guy is quoted in this article. Please click here to read the article as it appears on The Globe and Mail website.

Dec 20, 2011

Case Law Update: In the Matter of the Bankruptcy of TNG Acquisition Inc. (successor estate of NexInnovations Inc., a bankrupt) of the City of Mississauga, in the Province of Ontario

Landlord and tenant Repudiation of Lease Companies’ Creditors Arrangement Act Proceedings

Mar 30, 2011

Case Law Update: Credifinance Securities Limited v DSLC Capital Corp

Trustee Constructive Trust Fraud Bankruptcy

Jan 18, 2011

Case Law Update: Century Services Inc. v. Canada (Attorney General)

Bankruptcy and Insolvency Companies’ Creditors Arrangement Act Priorities

Dec 20, 2010

Case Law Update: Her Majesty the Queen in Right of the Province of Newfoundland and Labrador v. Abitibibowater Inc., et al.

Bankruptcy and Insolvency Companies’ Creditors Arrangements Act Provincial Obligations

Dec 1, 2010

Partners David Wingfield and Paul Guy granted leave to appeal by the Supreme Court of Canada in landmark case

David Wingfield and Paul Guy of WeirFoulds LLP were successful in recently obtaining leave to appeal to the Supreme Court of Canada on behalf of Her Majesty…

Oct 1, 2010

Canada Revenue Agency Trumps Unsecured Creditors!

In a sleight-of-hand move dexterously played by the Canada Revenue Agency (“CRA”), it managed to secure advance collection of a disputed corporate income tax debt by obtaining…

Jun 1, 2009

Quiz: Corporate Insolvencies

The current economic environment has created a number of business casualties.

Mar 1, 2009

Tenant Bankruptcy and Beyond

In a recent interview with the Globe and Mail, Canada’s Commissioner of Competition, John Pecman, said that the Competition Bureau is planning to double the number of training workshops that it offers to public procurement officials on ways to prevent fraud. These workshops will help assist officials to identify the bid-rigging tactics that have become increasingly common in the infrastructure sector.

May 30, 2008

Tenant bankruptcy and beyond – Spring 2008

“Bankruptcy” is commonly used to describe a number of legal situations involving a tenant’s financial distress. But with the rights and obligations of landlords and tenants determined by the true course of action taken, it pays for both sides to get the facts.

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