Presentations
Insolvency Masterclass
| Date: | 03/04/2010 |
| Professional: | Michael Weinczok |
| Organizer: | Federated Press |
| City: | Toronto |
Michael Weinczok will be Course Leader for the upcoming Insolvency Masterclass being held in Toronto on March 4-5, 2010.
Course Highlights:
- Key recent insolvency case law
- Settling the claims of creditors
- Protections for collective agreements
- Protecting a receiver or trustee in bankruptcy
- The role of the courts in reorganizations under the BIA and under the CCAA
- Preparing a carefully drafted security agreement
- PPSA best practices for insolvency practitioners
- DIP financing and priority charges
- Non-judicial collection techniques
- Legislative amendments
- Provisions to limit rights of equity claims in restructurings
Michael will also be speaking on these topics:
Reorganizations Undertaken Under the BIA or the CCAA
Both the CCAA and the reorganizational provisions of the BIA provide insolvent debtors with the opportunity to restructure their financial affairs as an alternative to bankruptcy (liquidation) and thereby continue operations for the benefit of multiple shareholders, including creditors, employees and customers. This session will examine the provisions pertaining to reorganizations while providing insight into the legal aspects of the process.
- Commencing a BIA or a CCAA reorganization
- Reorganization plan and process
- Proposals (BIA) and compromise or arrangements (CCAA) schemes offered to creditors
- Comparison between BIA proposals and CCAA reorganizations
DIP Financing and Priority Charges
Debtor in possession or "DIP" financing is the bridge financing provided to a company while it is subject to a formal insolvency proceeding. The amended CCAA and BIA provide the court with the authority to approve secured DIP financing and to grant a priming charge in favour of a DIP lender. This session will examine the issues surrounding recent developments pertaining to debtor in possession financing and priority charges.
- Recent developments affecting the structure of DIP credit agreements and the priority of DIP lenders charges
- The granting of priming charge
- Amendments impacting DIP financing
- Unique issues that arise in connection with cross-border DIP financings
- Priority of the DIP lender’s charge