January 19, 2010 by Lorraine Fleck
Lorraine Fleck is a Toronto, Canada lawyer and trade-mark agent who practices advertising and marketing, information technology, intellectual property and packaging and labeling law at Hoffer Adler LLP.
The Bankruptcy and Insolvency Act (BIA) and Companies’ Creditors Arrangement Act (CCAA) were recently amended. One of the amendments provides IP licensees with more certainty regarding the fate of their licenses when licensors restructure. While that amendment is a positive development for licensees, it also creates other significant uncertainties.