TY - JOUR
T1 - The
Evolution of the Companies' Creditors Arrangement Act in Light of Recent
Developments
AU - Sarra, Janis P.
PY - 2011
Y1 - 2011
N2 - This article briefly highlights some recent developments arising out of the interpretation and application of the Companies' Creditors Arrangement Act (CCAA). It is not intended to be an exhaustive analysis of the caselaw; rather, it discusses several judgments rendered in the past year to illustrate important issues continuing to challenge CCAA proceedings, juxtaposing some of these issues with the history and development of the statute. Issues touched on in this article are paramountcy, debtor in possession financing, employment and pension claims, cross-border cooperation, transparency, director and officer liability, critical su0ppliers, and sale of assets during CCAA proceedings.
AB - This article briefly highlights some recent developments arising out of the interpretation and application of the Companies' Creditors Arrangement Act (CCAA). It is not intended to be an exhaustive analysis of the caselaw; rather, it discusses several judgments rendered in the past year to illustrate important issues continuing to challenge CCAA proceedings, juxtaposing some of these issues with the history and development of the statute. Issues touched on in this article are paramountcy, debtor in possession financing, employment and pension claims, cross-border cooperation, transparency, director and officer liability, critical su0ppliers, and sale of assets during CCAA proceedings.
KW - Canada
KW - Companies' Creditors Arrangement Act
KW - Corporate Insolvency
KW - Insolvency restructuring
UR - https://ssrn.com/abstract=1963943
M3 - Article
VL - 50
SP - 211
EP - 235
JO - Canadian Business Law Journal
JF - Canadian Business Law Journal
ER -