Peace River Hydro Partners v Petrowest Corp 2022 SCC 41 - Supreme Court of Canada - 10 November 2022
Country
Year
2022
Summary
Bankruptcy and insolvency - Court-ordered receivership - Enforceability of arbitration agreement - Receiver commencing civil action for payment of amounts allegedly owed to debtors under agreements that include mandatory arbitration clauses - Defendants seeking stay of proceedings of receiver's action under provincial arbitration legislation on basis that arbitration clauses govern dispute - Receiver opposing stay and arguing that court authorized to assert centralized judicial control over matter under federal bankruptcy and insolvency legislation - Whether receiver's action should be stayed - Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, ss. 183(1), 243(1) - Arbitration Act, R.S.B.C. 1996, c. 55, s. 15.