Recent case reminds courts they aren’t in the business of providing blanket protection to receivers
A recent decision from the Ontario Superior Court of Justice illustrates a rising trend among judges to question the wording and scope of draft orders that have been submitted for court approval.
This special feature from Woods LLP explores the nuances of insolvencies arising from the Cosa Nova Fashions Ltd. v. The Midas Investment Corporation case.
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- How a clearly defined scope can shield insolvencies from liability
- Why it’s necessary for lawyers to ensure support for their orders
- Why and when a court grants blanket approvals
