Supreme Court protects creditors and pension plan administrators / sponsors

“Insolvency can trigger catastrophic consequences”.

So begins the epic decision released this morning by the Supreme Court of Canada in Sun Indalex Finance, LLC v United Steelworkers, 2013 SCC 6 – a case that considers the impact of insolvency on the employee beneficiaries to a pension plan.

Filed under:
Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Stewart McKelvey, Debtor in possession, Supreme Court of Canada
Authors:
Scott Campbell , Ian Breneman
Location:
Canada
Firm:
Stewart McKelvey