Canada

 

In a highly anticipated decision in Solar Power Network Inc. v. ClearFlow Energy Finance Corp., 2018 ONCA 727, a unanimous panel of the Ontario Court of Appeal rejected the lower court's findings and found in favor of ClearFlow (the lender) with respect to whether using a nominal annual rate conversion formula in a loan agreement complies with Section 4 of Canada's federal Interest Act. Click here to learn more. 

In recent years, the UK government has engaged on issues relating to insolvency and corporate governance, and their reform. On August 28, 2018, the UK government published its proposals for reform and, where relevant, its suggestions for further contemplation and deliberation.  While the timeline for implementation is unclear, these proposals arguably constitute the largest overhaul of the UK corporate insolvency framework in almost 20 years. Click here to learn more.