In 2020, several significant judicial decisions were rendered across Canada relevant to commercial lenders, businesses and restructuring professionals. This bulletin summarizes the core issues of importance in each case and provides status updates on the cases reported on in our January 2020 bulletin, Key Developments in Canadian Insolvency Case Law in 2019.
CHARACTERIZATION AND TREATMENT OF ELIGIBLE FINANCIAL CONTRACTS
Bellatrix Exploration Ltd. (Action No. 1901-13767)
Date of Decision: February 4, 2020
Bellatrix Exploration Ltd. (Bellatrix) obtained protection under the Companies Creditors Arrangement Act (Canada) (CCAA). At the time of the CCAA filing, Bellatrix was party to certain contracts with an energy producer (EP) for the purch…
Read the full article at: https://www.jdsupra.com/legalnews/key-developments-in-canadian-insolvency-4642246/