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The Tax Exemption Tango: Ontario Court Grants Distribution Exemption For Monitor
On a motion to approve a holdback release order in One Bloor West Toronto Group (The One) Inc. (Re), (“One Bloor West”), the Ontario Superior Court of Justice (the “Court”) exempted the Monitor and chief restructuring officer from liability under certain tax legislation regarding the tax and withholding obligations of taxpayers’ representatives on distributions.
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