The turbulent COVID-19 economy has put a spotlight on the complex and often delicate insolvency process on both sides of the border. Listen to partners Linc Rogers, Kelly Bourassa and Sébastien Guy on our latest podcast as they share some of the differences (and similarities) between Canadian and U.S. bankruptcy regimes. Only have a few minutes? Fast forward to a topic of interest: CCAA, Chapter 11 and how to get proceedings started (00:46) The oversight process in the U.S. and Canada (03:07) The "cram down" concept (05:02) Protecting the lenders: super priority liens, adequate protection and material prejudice (06:12) Selling distressed assets: cross-border comparison (08:02) Paying the pros: Canada's system to ensure key payments post-filing (09:40)
For permission to reprint articles, please contact the Blakes Marketing Department.
© 2020 Blake, Cassels & Graydon LLP.
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.
