Reinventing Bankruptcy Law

A History of the Companies' Creditors Arrangement Act

Reinventing Bankruptcy Law explodes conventional wisdom about the history of the Companies' Creditors Arrangement Act and in its place offers the first historical account of Canada's premier corporate restructuring statute. Les mer
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Legg i
Vår pris: 961,-

(Innbundet) Fri frakt!
Leveringstid: Usikker levering*
*Vi bestiller varen fra forlag i utlandet. Dersom varen finnes, sender vi den så snart vi får den til lager
På grunn av Brexit-tilpasninger og tiltak for å begrense covid-19 kan det dessverre oppstå forsinket levering.

Om boka

Reinventing Bankruptcy Law explodes conventional wisdom about the history of the Companies' Creditors Arrangement Act and in its place offers the first historical account of Canada's premier corporate restructuring statute. The book adopts a novel research approach that combines legal history, socio-legal theory, ideas from political science, and doctrinal legal analysis. Meticulously researched and multi-disciplinary, Reinventing Bankruptcy Law provides a comprehensive and concise history of CCAA law over the course of the twentieth century, framing developments within broader changes in Canadian institutions including federalism, judicial review, and statutory interpretation.


Examining the influence of private parties and commercial practices on lawmaking, Virginia Torrie argues that CCAA law was shaped by the commercial needs of powerful creditors to restructure corporate borrowers, providing a compelling thesis about the dynamics of legal change in the context of corporate restructuring. Torrie exposes the errors in recent case law to devastating effect and argues that courts and the legislature have switched roles - leading to the conclusion that contemporary CCAA courts function like a modern day Court of Chancery. This book is essential reading for the Canadian insolvency community as well as those interested in Canadian institutions, legal history, and the dynamics of change.

Fakta

Innholdsfortegnelse

Figures and Tables
Abbreviations


1. Historical Institutionalism and the Recursivity of Law


Part One: 1920s-1950s


2. Corporate Restructuring as a Bondholder Remedy
3. Enshrining a Bondholder Remedy in Federal Legislation
4. Constitutional References and Changing Conceptions of Federalism: 1934-1937
5. Efforts to Repeal the Companies' Creditors Arrangement Act: 1938-1953


Part Two: 1970s-2000s


6. New Lenders, New Forms of Lending, and Stalled Bankruptcy Reforms: 1970s-1980s
7. Purposive Interpretation and Proactive Judging: 1980s-1990s
8. Judicial Sanction of "Tactical Devices"
9. Formalizing a Modern "Debtor-in-Possession" Restructuring Narrative
10. Conclusion


Appendices
Notes

Om forfatteren

Virginia Torrie is an assistant professor in the Faculty of Law at the University of Manitoba, and serves as Editor-in-Chief of the Banking and Finance Law Review.