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StatuteBankruptcy and Insolvency Act

Section 275 — Bankruptcy and Insolvency Act: Cooperation — court

Text of the provision Official document

If an order recognizing a foreign proceeding is made, the court shall cooperate, to the maximum extent possible, with the foreign representative and the foreign court involved in the foreign proceeding. If any proceedings under this Act have been commenced in respect of a debtor and an order recognizing a foreign proceeding is made in respect of the debtor, every person who exercises any powers or performs duties and functions in any proceedings under this Act shall cooperate, to the maximum extent possible, with the foreign representative and the foreign court involved in the foreign proceeding. For the purpose of this section, cooperation may be provided by any appropriate means, including the appointment of a person to act at the direction of the court; the communication of information by any means considered appropriate by the court; the coordination of the administration and supervision of the debtor’s assets and affairs; the approval or implementation by courts of agreements concerning the coordination of proceedings; and the coordination of concurrent proceedings regarding the same debtor.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.