THE INTERNATIONAL SCENE: Indalex Limited: DIP Charge Subordinated in a Canadian Restructuring (Citation: Michael J. MacNaughton, Craig J. Hill and Sam P. Rappos, Indalex Limited: DIP Charge Subordinated in a Canadian Restructuring, XXX ABI Journal 6, 40-41, 72-73, July/August 2011) - Michael J. MacNaughton, Craig J. Hill and Sam P. Rappos

THE INTERNATIONAL SCENE: Indalex Limited: DIP Charge Subordinated in a Canadian Restructuring (citation: Michael J. MacNaughton, Craig J. Hill and Sam P. Rappos, Indalex Limited: DIP Charge Subordinated in a Canadian Restructuring, XXX ABI Journal 6, 40-41, 72-73, July/August 2011) - Craig J. Hill, Michael J. MacNaughton and Sam P. Rappos

Practitioners undertake various statutory, court, or private appointments pursuant to Federal or Provincial legislation. Bankruptcy and Insolvency Act (BIA) • Trustee in Bankruptcy – to administer the realization of the debtor’s assets for the benefit of creditors; • Trustee under a Proposal of a plan of compromise to creditors – to monitor the business and financial affairs of the debtor, advise and participate in the preparation of the proposal, and report to the Court and the creditors; • Interim Receiver – to take control of company’s assets for protection following the filing of an appl

In Century Services Inc. v. Canada (Attorney General)1, released just before Christmas 2010, the Supreme Court of Canada overturned the prevailing case law that held that the deemed trust created in favour of the Crown under the Excise Tax Act (ETA) for collected but unremitted amounts of Goods and Services Tax/Harmonized Sales Tax (GST/HST) survived in the context of a Companies' Creditors Arrangement Act (CCAA) reorganization. The much-anticipated decision now establishes clearly that the Crown's GST/HST deemed trust priority is lost under the CCAA.

Note: Reproduced with permission of the publisher from Commercial Insolvency Reporter, Vol. 23, No. 1, October 2010.

Note: Reproduced with permission of the publisher from Commercial Insolvency Reporter, Vol. 23, No. 1, October 2010.

FEATURE: Stephanie A. F. Grace, Proceedings under Canada’s Companies’ Creditors Arrangement Act, XXX ABI Journal 1, 26-27, 72-73, February 2011 - Stephanie A. F. Grace

THE INTERNATIONAL SCENE: Jeffrey W. Kelley, Garrett A. Nail, Sabrina G. Fitze and Rafael X. Zahralddin-Aravena, Chapter 15 Allows Court to Recognize Solution to Tax Return Issue, XXX ABI Journal 1, 42-43, 76, February 2011 - Jeffrey W. Kelley, Garrett A. Nail, Sabrina G. Fitze and Rafael X. Zahralddin-Aravena