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Doing Business in Canada (DR)
In this webinar, attorney Rafael X. Zahralddin-Aravena will discuss: • The academic theory that has influenced and developed the different types of insolvency legal regimes. • The law of receiverships and reorganizations with a focus on the influence of the U.S. Chapter 11 on other jurisdictions, including Canada. • The practical differences between receiverships and reorganization. • Canada’s legal system including the different Canadian insolvency statutes under both provincial and federal law, such as the Bankruptcy and Insolvency Act (the "BIA"), Companies' Creditors Arrangement Act (the "CCAA"), various provincial property and civil rights. • The academic and legal theory behind the approach to cross border bankruptcies, including territoriality and universalism. • Cross border cases, including the importance of the recognition of a case as the main proceeding; the role of the foreign representative, stay relief, notice and preferences; and what happens if there is no formal recognition or enabling statute to facilitate a cross border bankruptcy where assets are in multiple jurisdictions.
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