Indalex priority case decided — Ontario Court of Appeal gives priority to pension plan deficiency over secured lenders

Date

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Location
Canada
Authors
Kevin P. McElcheran
Firm
McCarthy Tétrault LLP
Tags
Canada
Ontario
Employee Benefits & Pensions
Insolvency & Restructuring
Litigation
McCarthy Tétrault LLP
Conflict of interest
Credit (finance)
Debtor
Fiduciary
Stakeholder (corporate)
Defined benefit pension plan
Parent company
Secured loan
Companies' Creditors Arrangement Act 1933 (Canada)
Bankruptcy and Insolvency Act 1985 (Canada)
Court of Appeal of England & Wales
Supreme Court of Canada
Court of Appeal for Ontario