Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Transfer in aid of Urbancorp refinancing was not fraudulent, Canadian court says

By Kyriaki Karadelis

07 October 2019

An Ontario appeal court has upheld that the transfer of a secured guarantee by a company in Canada’s Urbancorp construction group, which was meant to facilitate an ultimately unsuccessful Israeli refinancing, was not a fraudulent conveyance.