LAW 472

A commercial reorganization is a court sanctioned scheme under which a financially distressed business is restructured so as to permit it to continue in business through the compromise of the claims of creditors and others. There has been a fundamental shift in Canadian insolvency law over the past 30 years, in that there has recently emerged effective systems that actively facilitate the restructuring and rescue of insolvent businesses as an alternative to their liquidation. This course will make use of several highly realistic simulations in order to develop both an understanding of the substantive law that governs commercial reorganizations as well as the advocacy and negotiation skills that are necessary to provide effective legal advice and representation to your clients.