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Supreme Court of Canada Upholds Priority for DIP Lenders in CCAA Proceedings

Overview - On February 1, 2013, the Supreme Court of Canada (the “SCC”) affirmed the priority granted to Debtor-In-Possession (“DIP”) lenders who provide capital to debtor companies undergoing the restructuring process...more

2/7/2013 - Chapter 11 Constructive Trusts Debtors-in-Possession Fiduciary Duty Indalex Lenders LLC v. United Steelworkers Loans Pension Benefits Act Pensions Restructuring Statutory Deemed Trusts Subsidiaries The Companies' Creditors Arrangement Act

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