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Courses/Law/Bankruptcy Law

Transactions Avoidance in Insolvency

An advanced analysis of avoidance doctrine, anti-deprivation principles, and property allocation in Canadian insolvency and restructuring.

Created byMatthew Chippin
BeginnerUpdated Apr 6, 2026
Transactions Avoidance in Insolvency

What You'll Learn

check_circleInterpret statutory avoidance provisions under Canadian insolvency law.
check_circleApply the anti-deprivation rule to complex contractual arrangements.
check_circleAssess vulnerability of transactions to preference or undervalue claims.
check_circleLearn litigation strategy and evidentiary burdens.

About This Course

Canadian insolvency law rests on a careful balance between contractual freedom, property rights, and collective creditor recovery. Avoidance provisions, anti-deprivation doctrine, and statutory preferences operate to unwind transactions that distort pari passu distribution or improperly remove value from the estate prior to insolvency.

This program examines the doctrinal foundations and practical operation of transactions avoidance under the Bankruptcy and Insolvency Act and Companies’ Creditors Arrangement Act, including preferences, transfers at undervalue, and the anti-deprivation rule. It also addresses the interaction between insolvency law structures and capital markets arrangements..

Participants will gain a deeper understanding of how formal property arrangements are tested in insolvency proceedings, how courts reconcile commercial expectations with statutory policy, and how avoidance risk should be evaluated in transactional structuring.

What You Will Learn

By the end of this course, participants will be able to:

  • Understand the Core Principles: Grasp the underlying policies of insolvency law, particularly the pari passu (equal treatment) principle, and why transaction avoidance is critical to maintaining it.
  • Identify Avoidable Transactions: Recognize the hallmarks of voidable preferences, transactions at an undervalue (fraudulent conveyances), extortionate credit transactions, and invalid floating charges.
  • Navigate Statutory Timeframes: Understand the concept of "suspect periods" or "hardening periods" and how the timing of a transaction impacts its vulnerability to being overturned.
  • Evaluate Defenses and Safe Harbors: Analyze the legal defenses available to third parties, directors, and creditors, including "good faith," "ordinary course of business," and lack of knowledge of insolvency.
  • Execute Clawback Strategies: Learn the practical steps, evidentiary requirements, and litigation strategies used by insolvency practitioners to successfully recover assets.
  • Explore Cross-Border Complexities: Gain insight into how transaction avoidance operates across international borders under frameworks like the UNCITRAL Model Law.

Your Instructor

Matthew Chippin
Matthew Chippin

Insolvency, and Capital Markets Scholar & Law Lecturer

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Matthew Chippin is a comparative insolvency and restructuring scholar whose work examines how property rights, avoidance rules, and market ordering operate in practice across common-law systems. His research focuses on the anti-deprivation rule, transaction avoidance, and trust taxation, combining doctrinal analysis, historical methodology, and comparative law to explain the divergence between formal legal rules and commercial reality. He is also exploring marine insolvencies, with a focus on designing mechanisms to ensure funding is available for environmental remediation. Matthew’s recent and forthcoming publications include articles in leading journals such as Capital Markets Law Journal, International Company and Commercial Law Review, and Trusts & Trustees, as well as book chapters with Edward Elgar and Intersentia. He completed his PhD at the University of Leeds in 2025, with a thesis on the anti-deprivation rule. His research has been presented at major international forums, including INSOL International and INSOL Europe, the Chicago–Harvard–Wharton conference, Law & Society, and academic workshops across Europe, North America, and Australia. In addition to academic appointments at the University of New Brunswick, Matthew has held visiting roles at Dalhousie University, Arizona State University, and Sydney Law School.

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