The Supreme Court of Canada (SCC) has denied leave to appeal in the proceedings of Nemaska Lithium Inc. and its subsidiaries (collectively, Nemaska) under the Companies’ Creditors Arrangement Act (CCAA). In November 2020, the Québec Court of Appeal (QCA) dismissed leave applications from the decision of the Superior Court of Québec (SCQ). In this decision, the SCQ granted, for the first time after a contested hearing, a “reverse vesting order” (RVO).
Canada, Quebec, Insolvency & Restructuring, Litigation, Davies Ward Phillips & Vineberg LLP, Debt restructuring, Supreme Court of Canada
The staff of the Federal Trade Commission’s Bureau of Consumer Protection recently sent a letter to the court handling ConnectEdu’s bankruptcy proceedings and sale of assets, which may include their customer’s personal information.
USA, Insolvency & Restructuring, IT & Data Protection, Litigation, Winston & Strawn LLP, Bankruptcy, Information privacy, Consumer protection, Federal Trade Commission (USA), Federal Trade Commission Act 1914 (USA)