|Course Name||Reorganizations and Restructurings|
|Course Code||BFSL 6776|
|Pre/Anti-requisites||Pre-requisites: For students outside the BFSL specialization:BFSL 6800: Introductory course I: Introduction to Financial Services Law OR BFSL 6901: Introductory course III: Advanced Bankruptcy and Insolvency Law OR Demonstrated foundational knowledge of Canadian bankruptcy and insolvency law concepts. Anti-requisites: None|
One of the major issues that any insolvency system must address is the choice between preferring the liquidation of an enterprise, on the one hand, and its reorganization, on the other, and there is continuing debate about the economic efficiency of reorganization. An insolvency system must be responsive to the economic and credit considerations presented by the financial difficulties of businesses and individuals. This course will consider the tensions that exist in an insolvency system between liquidations and reorganizations and the manner in which Canada’s insolvency system attempts to achieve a legislatively-mandated balance between the two. Very few businesses have been untouched by some aspect of reorganization but the theory and practice of reorganizations and the contrasts between the CCAA and the BIA are not well known. This course will provide an in-depth review of reorganizational law and practice in Canada in comparison to the reorganizational systems of Canada’s major trading partners.
Not currently scheduled
|CPD Hours||12h Substantive|
All courses and schedules are subject to change.