Bondfield insolvency
WebApr 5, 2024 · The recent decision in Ernst & Young Inc. v. Aquino, the Ontario Court of Appeal (OCA) analyzed the criteria for establishing voidable transfers at undervalue under section 96 of the Bankruptcy and Insolvency Act RSC 1985, c B-3 (BIA), with a particular focus on the application of “corporate attribution” in the context of insolvency. This case … WebApr 11, 2024 · Jack Bondfield Pty Ltd, ABN: 68000814077, Main Business Location: NSW 2480, Notice Date: June 3, 2024, Liquidator: Scott Anthony Newton ... as well as other insolvency and external administration ...
Bondfield insolvency
Did you know?
WebApr 24, 2024 · The Bondfield case is the first one the SFO has confirmed it is investigating. Before its 2024 insolvency, Bondfield had been one of Ontario’s fastest-growing builders of public infrastructure. WebSep 8, 2024 · On April 3, 2024, Bondfield Construction Company Limited (“BCCL”) and several related entities (collectively “Bondfield”) obtained protection under the …
WebMar 30, 2024 · Aquino and the other participants denied an intent to defraud, defeat, or delay Bondfield’s actual creditors because the company was not then insolvent or in danger of insolvency. They also argued that Aquino’s intent could not be imputed to either Bondfield or Forma-Con, so that s. 96 (1) (b) (ii) (B) of the BIA could not be used to ... WebJan 15, 2024 · A multinational insurance giant has filed a legal action against the former top executive of Bondfield Construction Co. Ltd., seeking to recover $200-million it says it paid out as a result of the ...
WebSep 1, 2024 · The Bondfield group is the general contractor on a number of large scale infrastructure and other construction projects in Ontario. The aggregate value of these projects is in the billions of dollars. Bondfield continues, under insolvency protection, to deliver critical infrastructure projects in Ontario. WebMar 10, 2024 · ty bonds - on Bondfield's construction projects, including St. Michael's. Faced with this massive financial liabil-ity, Zurich installed itself at Bondfield's then head office, north of Toronto. The insurance company, along with Bond-field's court-appointed insolvency mon-itor, launched an investigation into the St. Michael's procurement and ...
WebApr 28, 2024 · Bondfield had been one of Ontario’s largest public-sector contractors until it collapsed in 2024 – a messy insolvency process that has unearthed allegations of fraud and bid-rigging. selco wolverhampton jobsWebApr 5, 2024 · On April 3, 2024, BCCL entered restructuring proceedings under the Companies’ Creditors Arrangement Act (CCAA), and EY was appointed as Monitor. … selco.org phone numberWebJan 24, 2024 · Another key factor in determining whether the creditors could recover under the BIA was whether Aquilo's fraud could be imputed to Bondfield. The law on this factor was less clear-the ONCA said that courts had yet to consider the doctrine of corporate attribution in the bankruptcy and insolvency context under the relevant section of the BIA. selco white doorshttp://www.nationalmagazine.ca/en-ca/articles/law/business-corporate/2024/going-after-the-directing-mind selco.community credit unionWebApr 7, 2024 · The recent decision in Ernst & Young Inc. v. Aquino, the Ontario Court of Appeal (OCA) analyzed the criteria for establishing voidable transfers at undervalue under section 96 of the Bankruptcy and Insolvency Act RSC 1985, c B-3 (BIA), with a particular focus on the application of "corporate attribution" in the context of insolvency. This case … selco wood flooringWebKSV also pursued fraud claims of at least $11 million against Bondfield’s and Forma Con’s former principals. Bondfield Construction Company Limited is a design-build and general contractor providing services to public and private sector clients. Bondfield is currently involved in over $1 billion of construction projects. selcof zeta v2 alloy road barWebAug 10, 2024 · All in all, Mr. Anastasio and his alleged co-conspirators – including Bondfield’s former chief executive – diverted $80-million out of the construction company from 2011 to 2024, with about ... selco winnipeg