On March 22, 2010, the Superior Court of Quebec
approved a plan of arrangement under the Canada
Business Corporations Act [CBCA], R.S.C. 1985,
c. C-44, that allowed a corporation, MEGA Brands
Inc., to achieve a worldwide restructuring of its
business under a corporate statute, rather than a
more typical insolvency and restructuring statute
like the Companies’ Creditors Arrangement Act,
R.S.C. 1985, c. C-36.
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