Indalex decision: implications from a pensions & benefits perspective

The Ontario Court of Appeal decision in Indalex Limited (Re) has created considerable uncertainty over the priority status afforded to pension plan wind-up deficits, particularly in insolvency proceedings involving the plan sponsor.

Filed under:
Canada, Ontario, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Debtor, Debt, Liquidation, Secured creditor, Defined benefit pension plan, Companies' Creditors Arrangement Act 1933 (Canada), Court of Appeal of England & Wales, Court of Appeal for Ontario
Authors:
Anthony Devir , Ian J.F. McSweeney , Lesha Van Der Bij , Paul Litner , Shaun Miller
Location:
Canada
Firm:
Osler Hoskin & Harcourt LLP