CLE Online

Course Introduction and Land Acknowledgement (9:00 – 9:10)

Teresa Sheward — Program Lawyer, CLEBC, Vancouver
Geoffrey H. Dabbs — Gehlen Dabbs Cash LLP, Vancouver
Rebecca M. Morse — Farris LLP, Vancouver

General Overview of All Insolvency Statutes (9:10 – 9:50)

• insolvency—identifying it factually and analyzing it legally
• trying to avoid bankruptcy—proposals and creditor protection
• bankruptcy under the Bankruptcy and Insolvency Act of Canada (BIA)
• receivership under provincial law
• practice directions and model orders of the Supreme Court
• pitfalls to watch out for!
• other potentially applicable federal and provincial law
• practice considerations, advice, and action points

Geoffrey H. Dabbs — Gehlen Dabbs Cash LLP, Vancouver
Rebecca M. Morse — Farris LLP, Vancouver

Priority Issues in Bankruptcy and Insolvency (9:50 – 10:30)

• the basic priority scheme under the BIA
• priority creditors
  • secured creditors
  • Crown claims
  • unpaid suppliers
  • the Wage Earner Protection Program Act
• postponed creditors
  • equity claims
  • non-arm's length transactions
• trust property 
• exempt property

Carol M. Cash — Gehlen Dabbs Cash LLP, Vancouver

BREAK (10:30 – 10:45)

Receivership, CCAA, BIA—Proposals to Creditors (10:45 – 11:50)

• an overview of CCAA, receivership and BIA proposal processes
• a review of the various tools available in each of these regimes, including vesting and reverse vesting orders, DIP financing, and when a party can disclaim leases and other contracts
• a review of industry trends including an overview of acceptable rates for DIP financing and break fees

Jason Eckford, CPA, CIRP, LIT — Senior Vice President, Recovery and Restructuring, MNP Ltd., Vancouver
Rebecca M. Morse — Farris LLP, Vancouver
Holly Palmer, CA, CPA, CIRP, LIT — Senior Vice President, MNP Ltd., Vancouver

NETWORKING LUNCH (provided to in-person registrants) (11:50 – 12:50)

Insolvency and the Landlord-Tenant Relationship (12:50 – 1:15)

• bankruptcy and the landlord-tenant relationship
• impact on landlord's rights/remedies on tenant making a proposal under the BIA
• receivership of the tenant
• Commercial Tenancy Act and liability of bankruptcy trustee and receiver for rent
• landlord's options in dealing with a potentially insolvent tenant
• tips and traps in dealing with an insolvent tenant

Daxton S. Boeré — Farris LLP, Vancouver

Directors' and Officers' Liability in Insolvency (1:15 – 1:40)

• who is considered an officer or director?
• types of liability
• avoiding or minimizing the liability
• indemnification and insurance
• liability for breach of directors' duties

Christopher Ramsay — Clark Wilson LLP, Vancouver (presenting remotely)
Simon Wu — Clark Wilson LLP, Vancouver

Reverse Vesting Orders (1:40 – 2:05)

• purpose of a reverse vesting transaction
• steps to implementation
• jurisprudence and court consideration for approval

Katie Mak — Norton Rose Fulbright Canada LLP, Vancouver

Forbearance Agreements (2:05 – 2:30)

• Forbearance Agreements
  • timing and effect
  • key terms and optional terms
  • issues and pitfalls

Jordan D. Schultz — Dentons Canada LLP, Vancouver 

BREAK (2:30 – 2:45)

Guarantees (2:45 – 3:10)

• key terms
• common defences
• independent legal advice

Noor Mann — Lawson Lundell LLP, Vancouver

Proofs of Claim, Disallowances, and Appeals Therefrom (3:10 – 3:35)

• purpose of BIA
• proofs of claim
• trustee's duty to examine
• trustee may allow or disallow
• role of the courts
• appeals from disallowance
  • nature of an appeal
  • limitation period
  • trustee's duty to appear on appeal
  • process: de novo or true appeal
    • fresh evidence 
    • trial de novo
  • standard of review
  • standing
• creditor's right to apply to expunge or reduce
  • procedure
  • scope of application
• an alternative or parallel process: suing in the civil courts
• costs
• trustee's fees 
  • trust claims
  • secured claims

Jonathan L. Williams — Owen Bird Law Corporation, Vancouver

Case Study Roundtable: Bringing it All Together (3:35 – 4:30)

Daxton S. Boeré — Farris LLP, Vancouver
Geoffrey H. Dabbs — Gehlen Dabbs Cash LLP, Vancouver
Rebecca M. Morse — Farris LLP, Vancouver
Jonathan L. Williams — Owen Bird Law Corporation, Vancouver