Advancing Insolvency & Restructuring Law: Policy Reform Committee

Advocacy has been a strategy priority and pillar of the IIC since its foundation in 1990. The IIC, then and now, remains committed to the improvement of commercial restructuring and insolvency practice through its members’ expertise and thought leadership.

The Policy Reform Committee (PRC) is comprised of member representatives from regions across Canada who are committed to working with key government departments, commercial court liaison committees and other compatible restructuring and insolvency organizations.

The PRC’s mandate is toproactively liaise with the government on emerging issues in commercial restructuring and insolvency law and practice, seek opportunities to consult on proposed legislative responses and reform, and advocate for the continuous development and improvement of commercial restructuring laws and practices.

The PRC meets regularly with government policy and law makers on emerging issues and trends, upcoming cases of interest, and the interpretation of current legislation in the courts.

The committee also responds to government requests for feedback and insight on policy reforms, including submissions on legislative amendments and revisions, and makes recommendations to the Board of Directors on actions and positions.

This has included, among others, positions and submissions related to the following:

Enhancing Retirement Security for Canadians
Wage Earner Protection Program Act (WEPPA)
Time Limits and Other Periods Act (COVID‐19)
Roundtable Discussions on Canada’s Insolvency Regime in the Context of the COVID‐19 Pandemic
Bill C‐253, An Act to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act
Pension Priority Act (formerly Bill C-228)
Comprehensive Review of Directives and Regulations (CRDR)
Consultation on Post-Secondary Educational Institutions and Insolvency
Implementation of UNCITRAL Model Law

The PRC welcomes submissions to bring proposed or pending legislative amendments and enactments to the attention of the IIC.

All submissions will be reviewed by the PRC and a recommendation will be made to the IIC Board of Directors.

Please fill out the online submission form below. You can also download the IIC Policy / Legislation Submission Form (PDF) and email it with any corresponding documentation to the IIC.

IIC POLICY / LEGISLATION SUBMISSION FORM

Proposed or Pending Legislative Amendments and Enactments upon which it is Submitted that the IIC should Comment

Your Name *

Firm: *

Address *

City *

Province *

Postal Code *

Telephone Number: *

Email Address: *

Jurisdiction of Proposed or Pending Legislation/Bill, Policy or Regulation (“Proposed Legislation”) (provincial,federal or international): *

Name of Proposed Legislation: *

Hyperlink to text of Proposed Legislation:

Parties proposing or supporting the Proposed Legislation: *

Other principal parties involved:

Why is this important to the practice of commercial restructuring and insolvency, generally, and to the IIC, specifically? Please identify the position you believe the IIC should take in respect of the Proposed Legislation (i.e., support vs. oppose) and why: *

Relevant dates/deadlines including any deadlines for submissions, consultation papers or committee hearings:

Any other relevant information including hyperlinks (this can be attached as a separate document):

Relevant dates/deadlines including any deadlines for intervening or filing: *

Any other relevant information: *

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