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Court weighs disclosure duties of distressed public companies

What are the disclosure obligations on a distressed public company?

CanadaBis Capital Inc. et al. - SISP

IGY Immune Technologies & Life Sciences Inc., IGY Life Sciences Manufacturing Inc. and IGY Life Sciences USA, Inc. - Receivership SISP

Field Aviation gets DIP, sale process approval in BIA proposal proceedings

Ontario court approves US$2.5 million Wells Fargo DIP facility and stalking horse process anchored by a US$6.5 million bid from De Havilland and PAL Aerospace

Receiver appointed over Roadx Trucking Group after collateral search concerns

Justice Myers said a court-supervised process was needed to protect and preserve rolling stock collateral amid competing secured claims, unknown truck and trailer locations, and concerns over access to the debtors’ records

Freshstone Brands gets CCAA protection after prepared meals business hit by cost inflation, lower volumes

Ontario court approved an initial stay, Deloitte as monitor and access to $1.6 million of DIP financing, as the company prepares to seek approval of a SISP for its remaining business and assets

Eagle View Heights developers get CCAA protection to finish Gibsons Project

Paystone enters CCAA with insider sale planned after billing error, debt-funded growth

Payment processing company seeks approval of insider sale that would reduce senior debt from more than $92 million to $60 million

Ready Player Three: Alberta Court of Appeal Recognizes Equity Investor Standing to Initiate CCAA Proceedings

Can Creditors Force the Sale of Your Home in Ontario? Sheriff’s Sales Are Rising

Canadian Lawyer survey: How Canada’s courts are regulating, using, and evaluating generative AI

Recent Developments in Cross-Border Restructuring Under Chapter 15 of the Bankruptcy Code