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CCAA and BIA Amendments| KSV Advisory On November 1, 2019, certain amendments to the CCAA and BIA, relating to corporations, will come into force These amendments are pursuant to Bills C-97 and C-86
Bill C-55: clause by clause analysis (cl00908) The amendment to subsection (1) clarifies that this section does not apply to anyone who is entitled for an automatic discharge under the proposed regime It removes the possibility of the debtor waiving his discharge, which would be contrary to the spirit of the BIA
Bankruptcy and Insolvency Act Act current to 2025-06-25 and last amended on 2024-12-12 Previous Versions See coming into force provision and notes, where applicable Shaded provisions are not in force Help * List of amendments since 2019-01-01 (limited to last 10 amendments) [more details]
The 2019 Legislative Amendments to the Bankruptcy and Insolvency Act . . . On November 1, 2019, major amendments to the Bankruptcy and Insolvency Act (Canada) (the “ BIA ”) and the Companies’ Creditors Arrangement Act (Canada) (the “ CCAA ”) included in Bill C-97 [1] and Bill C-86 [2] came into force
Bankruptcy and Insolvency Act, RSC 1985, c B-3 - CanLII Questions (4) A person being examined pursuant to this section is bound to answer all questions relating to the conduct, dealings and transactions of the debtor, the causes of the debtor’s bankruptcy or insolvency and the disposition of the debtor’s property Privilege of witness
Implementation of the Federal Government’s Intellectual Property . . . To address these gaps, the proposed amendments under C-86 included the following: new section 246 1 of the BIA, once in force, would preserve a licensee’s use rights in the context of disclaimers, or sales or dispositions by a receiver
Legislative summary for Bill C-12 - Parliament of Canada Bill C-12 adds new provisions to the BIA and the CCAA to allow the Superintendent to enter into an agreement to provide a compilation of all or part of the information contained in the public record (clause 3, section 11 1 (3) BIA; and clause 73, section 26 (3) CCAA)
Intellectual Property Usage Rights under the CCAA and BIA The new amendments to the BIA, coupled with the existing sections in the CCAA and the proposal part of the BIA, have effectively shut the door on a debtor attempting to disclaim an existing intellectual property user agreement in favour of a more lucrative agreement
CCAA and BIA Amendments to Come into Force November 1, 2019 On September 4, 2019, it was announced that these amendments together with the proposed changes to the treatment of intellectual property rights in insolvency proceedings passed by Bill C-86 2 will come into force on November 1, 2019
Amendments to the CCAA, BIA and CBCA Now in Force Both the BIA and CCAA have been amended to require that all participants in insolvency proceedings “act in good faith” The statutes now give courts unfettered discretion to craft an appropriate remedy where this obligation is breached