Regional news: Canada

Canadian womenswear retailer Groupe Dynamite has failed to secure relief from a Montreal court on rent accrued after filing CCAA proceedings, despite the closure of its stores due to covid-19.

11 January 2021

Missouri-headquartered Armstrong Teasdale has announced plans to open an office in Delaware with a four-partner hire from Elliott Greenleaf, while Jones Walker has added a bankruptcy litigator in Atlanta and Sheppard Mullin has snapped up a debt finance partner from Hogan Lovells in Los Angeles.

08 January 2021

DLA Piper has hired Jerritt Pawlyk, a former partner from Alberta firm Bishop & McKenzie, in Edmonton.

07 January 2021

A Singapore court has upheld a Mareva injunction issued against a Cayman holding company and its Canadian director, rejecting challenges to its jurisdiction over a foreign law dispute.

04 January 2021

More than two years after Japanese auto parts company Takata exited bankruptcy in the US and Japan, car manufacturers that used its faulty air bags have reached a settlement with class action plaintiffs in Canada.

04 January 2021

A Canadian court has set aside an automatic stay granted to a married couple appealing the recognition of two Cayman orders made against them, finding it hindered investigations into their assets.

14 December 2020

The International Women’s Insolvency & Restructuring Confederation has launched a new network in Korea, led by AlixPartners director Jungmin Lee and Alvarez & Marsal manager Jiwon Nam.

08 December 2020

Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.

30 November 2020

A Buenos Aires-headquartered power plant producer has modified the terms of a restructuring it is carrying out under the Canada Business Corporations Act, ahead of an upcoming creditors vote.

23 November 2020

Partner Stephen Alexander and associate Max Galt of Mourant Ozannes in Jersey acted for Canada-headquartered Lydian International in an application before the Royal Court seeking cross-border insolvency assistance in aid of proceedings before the Ontario Superior Court of Justice. They explain why universality and comity principles underpinned the Royal Court’s 9 October decision.

21 October 2020