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The Bankruptcy StrategistLJN NewslettersNewsSections

Canada Expands Judicial Assistance to the U.S.

By David Ward
April 25, 2011

As commerce between the U.S. and Canada becomes increasingly intertwined, the courts of the land haven't always kept pace. But a recent decision by one of Canada's highest courts is going to make it easier to enforce U.S. decisions that reach north across the border.

While United States v. Yemec (2010 ONCA 414, 2010 CarswellOnt 3839) was not an insolvency case per se, the precedent it set will be highly relevant to U.S. bankruptcy and insolvency lawyers due to myriad civil litigation that typically flows from large cross-border insolvencies for years to come.

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