Re Indalex: Canada’s top court provides some clarity for insolvent companies with pension deficiencies

On February 1, 2013, the Supreme Court of Canada in Re Indalex allowed in part the appeal of Sun Indalex Finance and, in doing so, delivered guidance to companies entering into restructuring proceedings.  

Background

Filed under:
Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Torys LLP, Breach of contract, Fiduciary, Beneficiary, Supreme Court of Canada, Court of Appeal for Ontario
Authors:
Jessica Bullock , Scott Bomhof , David Bish , Tom Zverina , Amanda C. Balasubramanian
Location:
Canada
Firm:
Torys LLP