In this article – “Reverse vesting orders: Popular in Canada and going international?” – we review the use and benefits of the restructuring mechanism known as the reverse vesting order which insolvency professionals in Canada have been seeking, and courts have been approving, with greater frequency. We also look at the first example of a U.S. court recognizing a Canadian RVO in the United States.
This article is authored by Marc Wasserman, partner, National Chair, Insolvency and Restructuring, Jacqueline Code, partner and Chair, Research, Kathryn Esaw, partner, Insolvency and Restructuring.
Legal Year in Review is brought to you by Osler, Hoskin & Harcourt LLP. Osler is a leading, national law firm with a singular focus – your business. We advise clients on an array of domestic and cross-border legal issues, drawing on the expertise of over 500 lawyers to provide the answers you need, when you need them.
Our Legal Year in Review, published December 7, 2022, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.
For more information about Osler, please visit our website at osler.com. For the full Legal Year in Review, please visit www.legalyearinreview.ca.
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