This book examines the legal framework that governs bankruptcy and insolvency law in Canada. It is organized in a way that illuminates the structure of insolvency law, its aims and objectives, and its foundational principles. This edition takes into account the recent caselaw on the extensive 2009 amendments to the federal insolvency statutes, and examines several new Supreme Court of Canada decisions. Additionally, new topics, such as the anti-deprivation principle in bankruptcy law and the use of arrangements by insolvent corporations, are introduced. The book will appeal to judges, seasoned insolvency lawyers, and insolvency professionals as well as to students and others new to the field.

The new edition of this book

• takes account of the numerous judicial decisions that have interpreted the 2009 amendments to the federal insolvency statutes;
• discusses the major Supreme Court of Canada decisions on insolvency law rendered over the past five years, including Century Services Inc v Canada (Attorney General) (the exercise of judicial authority under the CCAA); Schreyer v Schreyer (matrimonial property law and bankruptcy); Newfoundland and Labrador v AbitibiBowater Inc (environmental remediation claims); and Sun Indalex Finance, LLC v United Steelworkers (pension rights and fiduciary obligations); and
• contains new sections on important topics including the anti-deprivation rule of bankruptcy law; roll-ups, stalking horse bids, credit bids and third party releases in restructuring proceedings; and the use of Canada Business Corporations Act arrangements by insolvent corporations.

Roderick J Wood is the FR (Dick) Matthews QC Professor of Business Law at the Faculty of Law, University of Alberta, Edmonton. He teaches and publishes in the areas of bankruptcy and insolvency law, personal property security law, and commercial law. He has co-authored books on secured transactions law in Canada and in New Zealand, and has written extensively in various law journals. He is the 2004 recipient of the Tevie H Miller Teaching Excellence Award for the Faculty of Law, a 2005 recipient of the AC Rutherford Award for Excellence in Undergraduate Teaching at the University of Alberta, and a 2006 recipient of a McCalla Professorship for his contribution to research in law at the University of Alberta. Professor Wood was appointed as the inaugural Estey Chair in Business Law at the College of Law, University of Saskatchewan, during the 2014–15 academic year. Professor Wood has served as associate dean (1997 to 1999) at the Faculty of Law, as a board member of the Alberta Law Reform Institute (1997 to 2001), and as commissioner of the Law Commission of Canada (2001 to 2006). Professor Wood was a member of the Canadian delegation at diplomatic conferences in Luxembourg in 2007 and Berlin in 2012 that produced international instruments governing the secured financing of rail assets and space assets, and was a member of the drafting committee that produced the text of the Luxembourg Protocol to the Unidroit Convention on International Interests in Mobile Equipment.

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