From Recognition to Recovery: Appointment of Receiver for Centralized Asset Recovery Process in Cross-Border Insolvency Proceedings

Trevor Courtis and Meena Alnajar of McCarthy Tétrault share that the Alberta Court recently confirmed that Canadian courts can appoint a receiver in cross-border insolvency recognition proceedings to run a centralized national claims process, allowing foreign liquidators to efficiently pursue coordinated recovery actions against alleged “net winners” of Ponzi schemes across multiple provinces while avoiding fragmented litigation and jurisdictional disputes.

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