Bankruptcy & Insolvency Law Section

Overview of Fishing Law for the Insolvency Practitioner

Recording

Description

There is an old adage that rings true: 

“Give an insolvency practitioner a fish, you feed them for a day. Give them a file involving a complex commercial fishing operation and they would probably benefit from a legal overview of the industry.”

This session has been proposed based on our membership noting a rise in Atlantic Canadian insolvency files involving commercial fishing operations. Please join us on November 3, 2023, at 12:00 (noon) to hear Greg Rushton discuss the industry from a corporate law perspective. 

Essentially an overview of what shoes, or boots, a trustee / lawyer may be stepping into when engaged with a file involving commercial fishing operations this PD session will address:

• how security is taken and registered; 
• applicable licensing and the transfer process; and 
• the unique considerations and regulations to be kept in mind when operating or transferring a commercial fishing business as a going concern.   

Greg Rushton is a Partner at McInnes Cooper and based out of Sydney, Nova Scotia. Greg practices primarily in corporate and business law where he advises clients on a variety of matters including corporate governance, implementing tax efficient business structures and tax driven reorganizations, mergers and acquisitions, equity financing, and security placement. He routinely acts for clients in the commercial fishing industry of various sizes and scales including large established corporations, First Nations communities, small business owners, as well as not-for-profit and government organizations.