On February 1, 2013, the Supreme Court of Canada in Re Indalex allowed in part the appeal of Sun Indalex Finance and, in doing so, delivered guidance to companies entering into restructuring proceedings.
Background
Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Torys LLP, Breach of contract, Fiduciary, Beneficiary, Supreme Court of Canada, Court of Appeal for Ontario