Several significant judicial decisions were released in 2025 that remain relevant to businesses, commercial lenders and restructuring professionals. This bulletin summarizes the key developments of 2025 and highlights areas of significance for restructuring professionals and market participants to monitor in 2026.
1. Hudson’s Bay Company and Assignment of Contracts
North America’s oldest corporation, the Hudson’s Bay Company (HBC), filed for protection under the Companies’ Creditors Arrangement Act (CCAA) before the Ontario Superior Court of Justice (ONSC). After an expedited sale and investment solicitation process failed to identify a going-concern solution for the company’s business, a full liquidation of HBC’s…