“When a business becomes insolvent, many interests are at risk. Creditors may not be able to recover their debts, investors may lose their investments and employees may lose their jobs. If the business is the sponsor of an...more
- Benefit Plan Sponsors Commercial Bankruptcy Fiduciary Duty Indalex Pension Benefits Act Pensions Secured Creditors United Steelworkers
The Supreme Court of Canada released its highly anticipated decision in Indalex Limited (Re) this morning. The ruling stemmed from an appeal of an Ontario Court of Appeal decision that had created commercial uncertainty...more
- Indalex Insolvency Pensions Restructuring Statutory Deemed Trusts The Companies' Creditors Arrangement Act
After finding that an erroneous amendment to its pension plan had the unintended effect of increasing benefits payable under the plan to deferred vested members who elected to retire before their normal retirement date, Amcor...more
- Defined Benefit Plans Pension Plan Amendments Pensions Retirement
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