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ACIC Private Notes                          January 2021
Happy New Year and welcome to the January 2021 edition of the ACIC Private Notes Newsletter! We hope you had a relaxing holiday season with family and friends and we look forward to what is sure to be another exciting and interactive year for the American College of Investment Counsel (the College).

This edition brings you:
  • A message from our new President, Tina Smith (Thrivent);
  • Recent legal developments from Canada, prepared by Danielle L. Maksimow (Norton Rose Fulbright Canada LLP);
  • Recent legal developments from the United Kingdom, prepared by Tom Bannister (Akin Gump LLP);
  • A discussion of 2021 project finance trends by Paul Belval and Alexander Judd (Day Pitney LLP); and
  • an exciting save the date for the Inaugural Trivia & Networking Event.
President's Message

For an exciting recap of some of the highlights the College experienced in 2020, as well as a peek into what's on the horizon for 2021, click here for a message from the ACIC's new President, Tina Smith of Thrivent.

Recent Case Law Summaries & Legal Developments
In Chandos Construction Ltd. v Deloitte Restructuring Inc. (2020 SCC 25), the Supreme Court of Canada ("SSC") confirmed the existence of the common law anti-deprivation rule. This rule is an important common law contract principle, particularly as a mechanism for protecting creditors' interests in insolvency or bankruptcy proceedings. Click here to review a detailed analysis of the process and implications of SSC's decision.

United Kingdom
On June 25, 2020 the Corporate Insolvency and Governance Act (the "Act") received Royal Assent and is now in force. This landscape changing legal framework has both permanent and temporary reforms. Click here to explore this Act which is the most extensive change in the insolvency landscape since the Enterprise Act came into force in 2003.
Additionally, in 2020 the UK government adopted new measures that are believed to be of material relevance to financial restructurings and corporate reorganizations. Click here for a brief overview of some of these changes which explores various of issues spanning from updates to the EU Blacklist to a helpful discussion regarding the DAC6 disclosure regime. 
2021 Project Finance Trends
As we enter 2021, Paul Belval and Alexander Judd of Day Pitney LLP offer a recap of the 2020 trends in project finance and a helpful breakdown of trends to come in 2021. Click here to review various opportunities and challenges that are on the horizon in renewable resources, power purchase agreements and various tax credits.
Save the Date
Missing your ACIC colleagues and ready to test your trivia prowess? Save-the-date for our inaugural Trivia and Networking Event to be held via Zoom on Thursday, February 11, 2021 at 7pm EST!  Spots are limited, but bragging rights last forever.  (Members Only Please)