Banking, Bankruptcy & Insolvency
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June 06, 2025
As trade tensions rise, feds table legislation to accelerate national projects, internal trade
With an escalating trade war already reflected in worsening employment data, the federal government has introduced promised legislation aimed at removing federal barriers to interprovincial trade, improving labour mobility in Canada and fast-tracking large infrastructure projects “of national importance.”
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June 06, 2025
PM Carney appoints parliamentary secretaries to support lawyer-rich cabinet & PMO
Prime Minister Mark Carney has tapped a number of lawyers to assist the many lawyers he has already appointed to key cabinet posts.
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June 05, 2025
Carney government introduces promised ‘affordability’ measures in the Commons
The recently elected government of Prime Minister Mark Carney has introduced an “affordability” bill in the Commons to enact some of the tax cuts and other measures the Liberals pledged during the last federal election.
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June 05, 2025
Ottawa reintroduces Citizenship Act reforms that create new framework for ‘citizenship by descent’
The minority Liberal government has reintroduced Citizenship Act amendments that would create a new “citizenship by descent” framework going forward, allowing those born abroad to Canadians, beyond the first generation, to access Canadian citizenship based on a Canadian parent’s “substantial connection” to Canada.
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June 05, 2025
Yukon enacts transparency laws for corporations
In a bid to lessen the potential for companies to be used in financial crimes, the Yukon is making corporations — including incorporated law firms — identify those who stand to profit from company shares.
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June 04, 2025
‘Strong borders’ bill would expand police & spy agency powers, federal tools to control migration
A wide-ranging federal omnibus bill — introduced by the minority Liberal government under the rubric of border security — would expand the powers of federal officials to restrict refugee claims and migration while also boosting the investigative and other powers of law enforcement and the Canadian Security Intelligence Service (CSIS) in the name of protecting national security and clamping down on money laundering, fentanyl trafficking and other organized crimes.
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June 03, 2025
Clark Wilson announces three new associates
Clark Wilson has announced the promotion of Pavneet Grewal, Scott Stewart-Lee and Simon Wu from articled students to associates.
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June 02, 2025
Prime Minister Carney taps Montreal lawyers for key roles in PMO
Prime Minister Mark Carney has hired prominent Montreal lawyer Marc-André Blanchard, the former chair and CEO of McCarthy Tétrault LLP, as his chief of staff, while ex-federal justice minister David Lametti, counsel with Montreal’s Fasken, is also taking on senior responsibilities in the new Prime Minister’s Office (PMO), according to media reports.
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June 02, 2025
ACTS OF BANKRUPTCY - Ceasing to meet liabilities - Fraudulent preferences, conveyances or transactions
Appeal by appellant against an order denying its application for an order enabling it to assert Higgerty Law’s lien rights and stop interest accrual for all creditors in the receivership.
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June 02, 2025
Guarantees and summary judgment: Court reviews important considerations
In Royal Bank of Canada v. HI & DQ’s Foods Inc., 2025 ONSC 2774, the Ontario Superior Court of Justice addressed several issues relating to personal guarantees in commercial lending. The decision confirms that summary judgment can be appropriate in a claim against a guarantor and clarifies the limited scope of fiduciary duties owed by financial institutions, the responsibilities of corporate directors acting as guarantors, and the narrow availability of the defence of non est factum.