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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).
Canada
13 Apr 2011
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