Indemnification clauses are often considered a critical component of risk mitigation strategies in legal relationships. However, as is well understood, the value of an indemnification clause, in the event it becomes applicable, is dependent on the underlying financial viability of the entity granting the indemnity.
Canada, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Bennett Jones LLP, Shareholder, Debt, Underwriting, Court of Appeal of Alberta