Bondfield insolvency
WebMar 6, 2024 · Going after the directing mind. Supreme Court of Canada will try to bring clarity to the common law corporate attribution doctrine in insolvency cases. BY Alan Freeman 6 Mar 2024. Corporate bankruptcies seldom attract much public interest, but when Bondfield Construction Co. Ltd. collapsed spectacularly in 2024, it was front-page news. WebJan 15, 2024 · A multinational insurance giant has filed a legal action against the former top executive of Bondfield Construction Co. Ltd., seeking to recover $200-million it says it paid out as a result of the ...
Bondfield insolvency
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WebApr 24, 2024 · The Bondfield case is the first one the SFO has confirmed it is investigating. Before its 2024 insolvency, Bondfield had been one of Ontario’s fastest-growing builders of public infrastructure. WebSep 8, 2024 · On April 3, 2024, Bondfield Construction Company Limited (“BCCL”) and several related entities (collectively “Bondfield”) obtained protection under the …
WebApr 5, 2024 · The recent decision in Ernst & Young Inc. v. Aquino, the Ontario Court of Appeal (OCA) analyzed the criteria for establishing voidable transfers at undervalue under section 96 of the Bankruptcy and Insolvency Act RSC 1985, c B-3 (BIA), with a particular focus on the application of “corporate attribution” in the context of insolvency. This case …
WebNov 7, 2024 · Although the auditors say they have identified $80-million in “impugned transactions” from 2011 to 2024, the Bankruptcy and Insolvency Act allows them to target only payments made five years ... WebAbout us. For 40 years, Bondfield Construction Company Limited has consistently proven itself as one of Ontario’s leading full-service construction companies with a renowned …
WebMar 10, 2024 · ty bonds - on Bondfield's construction projects, including St. Michael's. Faced with this massive financial liabil-ity, Zurich installed itself at Bondfield's then head office, north of Toronto. The insurance company, along with Bond-field's court-appointed insolvency mon-itor, launched an investigation into the St. Michael's procurement and ...
WebJan 9, 2024 · Bondfield’s 2024 insolvency resulted in what the Surety Association of Canada (SAC) says is the largest construction collapse in Canadian history. The … cgb yazoo city msWebMar 30, 2024 · Aquino and the other participants denied an intent to defraud, defeat, or delay Bondfield’s actual creditors because the company was not then insolvent or in danger of insolvency. They also argued that Aquino’s intent could not be imputed to either Bondfield or Forma-Con, so that s. 96 (1) (b) (ii) (B) of the BIA could not be used to ... hanley my way procedureWebDec 19, 2024 · SHUTTERSTOCK/JL IMAGES — Bondfield Construction Company Group’s Union Station work was among the company’s troubled projects. An iconic … PHOTO: Commercial to Condos. Construction has reached the top floor … Contact us by mail Daily Commercial News 3760 14th Avenue, 6th Floor Markham, … Canada's construction news. Rogers to acquire TTC wireless network, bring 5G … Canada's construction news. Spire wins AGC diversity award. ARLINGTON, VA. … Construction Directory. Verified listings of active construction companies and … cg by cegimWebMar 11, 2024 · Bondfield was one of Ontario’s largest builders of public infrastructure, including hospitals, schools and transit stations, until its collapse in 2024. The bankruptcy, which the Surety... hanley motor company stokeWebJan 9, 2024 · Bondfield’s 2024 insolvency resulted in what the Surety Association of Canada (SAC) says is the largest construction collapse in Canadian history. The newspaper reported that SFO investigators arrived at Sunnybrook on Dec. 1 to interview three hospital executives, including Marafioti, about its procurement policies. ... hanley method abaWebMar 10, 2024 · part of the Bondfield Group,5 a full-service group of construction companies that carried on business in the Greater Toronto Area and Southern Ontario starting in the … cg byproduct\u0027sWebZurich Insurance Company re: Bondfield Construction. Work highlights. Tier 1 firms. Blake, Cassels & Graydon LLP. The nationwide practice at Blake, Cassels & Graydon LLP advises both debtors and lenders. The team is equipped to oversee restructuring and insolvency matters across an array of sectors such as energy, mining, real estate, retail ... cgc1042hdf33f