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A Canadian cannabis producer and its subsidiaries have filed CCAA proceedings in Ontario, after multiple securities class actions were brought against the company in Canada and the United States.
08 April 2020
Creditors of obstacle course organiser Tough Mudder have filed an involuntary Chapter 11 petition against it in Delaware, claiming management is “content to let the business fail”.
09 January 2020
A Jersey-registered gold miner has filed for bankruptcy protection in Canada as it weighs up an investment treaty arbitration against the Armenian government.
06 January 2020
Creditors of cryptocurrency exchange platform Quadriga CX have asked Canadian police to exhume the corpse of its founder Gerald Cotten, to see whether he “is in fact deceased”.
17 December 2019
A Toronto court has recognised the liquidation of collapsed UK steelmaker British Steel in the face of threats of legal action by Canada’s tax authorities.
19 November 2019
Offshore restructuring and insolvency boutique Kalo has hired a former AlixPartners managing director for its Cayman Islands office.
01 November 2019
A Delaware court has allowed US and Canadian arms of a confectionary seller to access debtor in possession (DIP) financing for its Chapter 11 proceedings.
13 September 2019
Alberta’s Court of Appeal has put to bed a long-running dispute over whether the state or restructuring participants should get super-priority in Companies’ Creditors Arrangement Act proceedings.
03 September 2019
US distressed debt buyers primed in the restructuring of Canadian oil and gas company Lightstream have had their claims against all but one of its directors thrown out in an Alberta court.
29 August 2019
Creditors have unanimously backed a seafloor mining company’s acquisition agreement that will see its Australian funding partner assume its C$534 million (US$402 million) indebtedness.
13 August 2019
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