Section 8 of the Interest Act (Canada) (the Act) was considered by the Ontario Superior Court of Justice in Grant Forest Products Inc. (Re) in the context of an inter-creditor dispute.
Canada, Ontario, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Credit (finance), Debtor, Interest, Debt, Liquidation, Default (finance)
The Employment Appeal Tribunal (EAT) has held inPressure Coolers Ltd v Molley UKEAT/0272/10 that when a transferor under TUPE is subject to insolvency proceedings not instituted with a view to liquidating the transferor's assets, the Secretary of State will only meet employment liabilities that arise before the transfer.
USA, Employment & Labor, Insolvency & Restructuring, Litigation, Faegre Baker Daniels LLP, Discrimination, Liability (financial accounting), Liquidation, Unfair dismissal, Precondition, Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Employment Appeal Tribunal