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Insolvency professionals get a new name: Licensed Insolvency Trustee

The Office of the Superintendent of Bankruptcy (OSB) has released the long-awaited Directive on Trustee Designation and Advertising. Under the new Directive, the term Trustee in Bankruptcy will be replaced by Licensed Insolvency Trustee (LIT) in all advertising by trustees.

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Summary of the Supreme Court’s Judgment in 407 ETR v. Superintendent of Bankruptcy

Further to CAIRP’s bulletin of November 13th, we are pleased to provide a summary of the judgments released by the Supreme Court of Canada in 407 ETR Concession Co. v. Canada (Superintendent of Bankruptcy) and Alberta (Attorney General) v. Moloney.

 

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