Reverse Vesting Orders: The New Way To Do A Deal?

February 2021

Agenda

Over the last year, insolvency professionals have witnessed a proliferation in the number of reverse vesting orders (“RVOs“) sought and approved by courts across Canada. Initially used to preserve licences and tax attributes that would not otherwise be transferrable to a purchaser, the RVO has quickly established itself as a useful tool for effecting transfers in distressed sales. As RVOs continue to increase in popularity, so too do questions about the proper limits of their use.

Join us for an informative half-hour discussion in which our expert panel will share how RVOs have evolved over the last year and provide predictions on what’s to come. We’ll cover, among other things, the following:

  • Scenarios that lend themselves to an RVO structure, rather than a traditional asset sale or a plan.
  • The practical and operational challenges of implementing an RVO from the perspective of the Monitor and the purchaser, including anticipating and dealing with issues with CRA.
  • Recent cases in which RVOs have been contested, including the CCAA proceedings of Quest University, and the relevance of the identity of the objecting creditor to the ultimate success or failure of the objection.
  • The propriety of including third-party releases in an RVO.
  • Criticisms lobbied against RVOs, including that they are offensive to the CCAA regime and inappropriately remove the right to vote on a plan.
  • The panel’s predictions on what the next 6 to 12 months will hold for RVOs.

Panelists

  • John Sandrelli, Partner, Restructuring and Insolvency & Office Managing Partner (Vancouver), Dentons Canada LLP
  • Michelle PickettDeals Lead Partner, TMT & Consumer Markets, PwC Canada
  • Asim Iqbal, Partner, Insolvency and Restructuring, Miller Thomson LLP
  • Rebecca Kennedy, Partner, Restructuring and Insolvency, Thornton Grout Finnigan LLP
  • Dina Milivojevic, Editor, Insolvency Insider
Who Should Attend:

Trustees and other insolvency professionals

Bankruptcy and insolvency lawyers

Corporate bankers

Liquidators and distressed investors

Commercial lawyers

Corporate counsel

Chartered Professional Accountants

CPD Hours:

The webinar will qualify for a half hour of Continuing Professional Development for lawyers, CPAs and CIRPs.

Reverse Vesting Orders: The New Way To Do A Deal?

February 2021

Register now for $39.00 + HST to watch Reverse Vesting Orders: The New Way To Do A Deal?

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