Warning Lights in the Boardroom and the White Knight Fantasy

The Risky Lure of New Money

Firm News — Week of December 1, 2025

Moves and promotions at A&M, KSV Advisory, and more.

Opposing bidder dinged with security for costs

Can a court grant security for costs against an opposing bidder in a CCAA proceeding?

Commercial List Users’ Committee Newsletter Issue # 16

A Year in Review - December 2025 -

Cortland secures receiver for Saskatchewan refinery operator

KSV appointed over Independent Renewable Resources and Independent Energy Holdings as lender cites persistent defaults, failed forbearance, and rising operational risks at the Echo Refinery

Cameron Stephens secures partial receivership over Mansouri Group entities

Four Mansouri Group borrowers consent to KSV’s appointment, while two related land developers oppose and head to a contested hearing on December 11

Deloitte takes control of 1201-1215 Phillips Square Phase IV after loan default, unpaid taxes, and failed sale Efforts

Superior Court orders a receivership to protect creditor value as the Montréal redevelopment project faces a fully-matured facility, expired notices, City tax enforcement, and liquidity pressure at Brivia

Montauk Metals collapses into bankruptcy after protracted Colombian expropriation battle

Directors resign as Fuller Landau takes control of a bare estate with no path to restructuring

Jameson Broadway & Birch Group seeks CCAA protection to rescue stalled Vancouver tower

Liquidity crisis at 91% completion pushes developer into court supervision as it pursues a near-term sale and prepares to seek interim funding to finish construction

Use of “Guillotine” Orders in CCAA Proceedings

Double Dips to Double-Doubles: Liability Management Transactions Have Arrived – What Opportunities Are There in Canada?

What Are We Waiting For? A Cautionary Endorsement on Timing, Process, and Priority of Lien Claims Caught in an Insolvency