Is COVID-19 a Knock-Out Blow for the Retail Industry?

The COVID-19 pandemic has resulted in several large retail operations seeking insolvency protection both under the Companies Creditors Arrangement Act (CCAA) in Canada and under its US equivalent, Chapter 11. In Canada, this list includes retail giants Aldo Group and Reitmans Group. In the United States, since the beginning of May, Hertz US, J.C. Penney, Neiman Marcus and Pier 1 Imports have all filed for protection.

COVID-19 | Our CECRA Program Offering

The Canada Emergency Commercial Rent Assistance (CECRA) program was created by a partnership between the governments of Quebec and Canada to provide rent relief and assistance to small businesses. Navigating the world according to CECRA is complicated – contracts and enrollment necessitate understanding of how the Federal and Provincial governments are working with an intermediary…