The COVID-19 pandemic has had tremendous effects on the Canadian economy, including record lows for the number of insolvency filings across the country in 2021. Nevertheless, there were many substantial insolvency law developments that will shape the future of insolvencies in Canada.
In this insight, our National Insolvency & Restructuring Group summarizes some of the key cases from 2021 as we look ahead to 2022.
With government pandemic support programs expected to diminish in 2022, many are anticipating that an uptick in insolvency filings will follow. This is likely to contribute to the continued growth in insolvency law developments.
The Supreme Court of Canada is also expected to again weigh into the insolvency realm, including in its anticipated decisions in Petrowest Corporation v Peace River Hydro Partners, which will clarity whether a receiver may disclaim an arbitration clause while still suing on the underlying contract.
Fill the form below to access in-depth summaries of some of Canada's most notable insolvency cases of 2021.