The Impact of Insolvency on Outsourcing Transactions
March 28, 2008
These materials were presented by Lisa Abe and Edmond Lamek at at a videoconference hosted by the International Association of Outsourcing Professionals.
Topics covered in this presentation include:
- Effect of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act on outsourcing contracts
- Bill C-12
- Canadian and U.S. liquidation and reorganization proceedings
- Assignability of contracts
- Termination rights and remedies
- Survival of licenses
- Due diligence for insolvency risk (before and during outsourcing engagement)
- Contractual provisions
- Maintaining outsourcing services after an insolvency has occurred
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