The Supreme Court of Canada (“SCC”) recently released its much-anticipated decision in the Indalex Limited (“Indalex”) proceedings under the Companies’ Creditors Arrangement Act (the “CCAA Proceedings”). The decision is important for secured lenders in the context of an insolvency proceeding (“DIP Lenders”) or outside of an insolvency proceeding (“secured lenders”).
Canada, Insolvency & Restructuring, Heenan Blaikie LLP, Fiduciary, Defined benefit pension plan, Companies' Creditors Arrangement Act 1933 (Canada), Supreme Court of Canada