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Practice Note: Transfer at Undervalue under the BIA – Section 96
September 10, 2013
Written by Mark Laugesen, Karma Dolkar and Danish Afroz
This practice note discusses the transfer at undervalue provisions under s. 96 of the Bankruptcy and Insolvency Act, including the settlements and reviewable transactions provisions that were replaced by s. 96, the distinct treatment of arm's length and non-arm's length transactions under s. 96, and the remedies available where a transfer at undervalue is found under s. 96. Published by Lexis Practice Advisor Canada – Insolvency.