Planning for Financial Crisis

Changes to Bankruptcy and Insolvency Legislation for Public Post-Secondary Institutions – Now What?

June 11, 2025

12:00 – 1:30 PM EDT

Description:

Bill 59 amends both the Bankruptcy and Insolvency Act (“BIA”) and the Companies’ Creditors Arrangement Act (“CCAA”) to exclude “prescribed public post-secondary institutions” from the definition of “corporation” (BIA) and “company” (CCAA).  The amendment to the CCAA has been touted as a “win” by some.  It has also been depicted as a form of protection against university financial crisis.  This webinar will clarify the implications of Bill 59 for universities and provide universities with an overview of what legal remedies are available in the event of a university financial crisis, given the amendments to the CCAA and BIA.

Participant/Guest: Maria Konyukhova, Stikeman Elliot

Maria Konyukhova is a partner in the Litigation & Dispute Resolution Group. She exclusively practices in the area of insolvency law, representing debtors, court appointed monitors, court officers, secured lenders and purchasers.  She frequently appears in Commercial List matters before the Ontario Superior Court of Justice and the Court of Appeal, focusing on Companies’ Creditors Arrangement Act proceedings, court-appointed receiverships and bankruptcies.  Maria has also appeared before the Alberta, British Columbia, Nova Scotia, New Brunswick and Manitoba Courts in restructuring matters.

$75

Who Should Attend?

University and College Board Members, University Senators with financial responsibilities, Presidents and Senior Leaders, Governance Professionals.