Book Review: Reinventing Bankruptcy Law: A History of the Companies' Creditors Arrangement Act by Virginia Torrie

Abstract

Originating from Professor Torrie's doctoral dissertation, this monograph presents a thorough and comprehensive inquiry into the genesis and transformation of the Companies' Creditors Arrangement Act ("CCAA"), the premier bankruptcy law in Canada. Its central research questions are twofold. Firstly, what accounts for the historical ascendancy of the CCAA from its initial modest to its contemporary status as representing the major corporate restructuring regime in Canada? Secondly, how might this historical account of the CCAA contribute to broader understandings of corporate bankruptcy law and cycles of legal change at large?

Keywords: Companies' Creditors Arrangement Act, Bankruptcy Law, Path Dependency, Political Economy