Appeal court strikes at the heart of 'excessive' billable hours
A precedent-setting decision at the Ontario Court of Appeal this week strikes at the heart of client concerns over the abuse of billable hours, and provides a legal framework by which clients might be...
View ArticleJudges craft own formula for Nortel’s $7.3 billion in cash
The Canadian and American judges charged with dividing the US$7.3 billion from the liquidation of Nortel Networks rejected proposals from former regional businesses and opted for a pro rata split of...
View ArticleThis week at the SCC
This week, the Supreme Court of Canada’s spring session comes to a close. The court will hear three appeals, two of which challenge British Columbia's drunk-driving laws and the power of police...
View ArticleBid to secure pensions during CCAA proceedings fails
The Ontario Court of Appeal has rejected the superintendent of financial services’ bid to provide greater security for pension provisions during the restructuring proceedings of an Ontario wood...
View ArticleSCC rules against toll-road operator in conflict over bankruptcy law
Sections of Ontario’s Highway 407 Act frustrate the purpose of financial rehabilitation under the federal Bankruptcy and Insolvency Act, the Supreme Court of Canada ruled in a decision released today....
View ArticleCHCH restructuring raises questions about under-capitalized companies
Insolvency rules are not to blame for the CHCH TV restructuring case that has left former employees of the broadcaster without severance pay, according to a Toronto lawyer who says it is instead...
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