The Court of Appeal for Ontario's (the "OCA") decision in Re Indalex Ltd.1 was decried by professionals in pension, banking and insolvency practices. On February 1, 2013, the Supreme Court of Canada (the "SCC" or the "Court") overturned the OCA's decision.
Canada, Banking, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Stikeman Elliott LLP, Debtor, Fiduciary, Liquidation, Supreme Court of Canada