At its outset, the global economic recession was defined by an unprecedented liquidity crisis coupled with plummeting asset values. This led to a pervasive lack of confidence in the distressed lending community and placed significant strains on the DIP financing market. Although activity in the DIP lending area has steadily increased in recent months, the turmoil of the earliest days of the recession still resonates throughout the new economic reality that exists for DIP lenders and their borrowers. New amendments to the CCAA will also have a significant impact on the structure of future DIP loans as well as on the strategic decisions made by borrowers and lenders at the outset of a case. The impact of this changing legal and financial landscape will be all the more palpable in the context of cross border cases. Since much of the DIP financing in Canada emanates from the United States in connection with cross border proceedings and is influenced by decisions made by the U.S. Bankruptcy Courts, understanding recent US experience is also of critical importance to Canadian practitioners.

Please join us for an interactive and informative evening as a panel of Canadian and US experts discuss and debate the current market for DIP financing as well as the newest trends, developments, issues and challenges and the expected impact of the insolvency amendments on DIP Lending.