Ontario Court Of Appeal Gives Priority To Pension Plan Wind‐Up Deficits In CCAA Proceedings
Mondaq Business Briefing › Canada Law Articles in English (2011)
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Ontario Court Of Appeal Gives Priority To Pension Plan Wind‐Up Deficits In CCAA Proceedings
On April 7, 2011, in Indalex Limited (Re), 2011 ONCA 265 (Re Indalex), the Ontario Court of Appeal (the Court) held that in certain circumstances a pension plan wind‐up deficit should be paid in priority to claims of secured creditors, including amounts outstanding under a court‐approved debtor‐in‐possession facility (the DIP Facility).
In Re Indalex the debtor company sponsored two defined benefit regi...See the full content of this document
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