Archives: Equity Claims

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Are Equity Claims Always Subordinated to Non-Equity Claims in CCAA Proceedings?

The treatment of shareholder and other equity-related claims in the context of insolvency and reorganization proceedings in Canada was initially judge-determined and the case law generally accepted the premise that shareholders were not entitled to share in the assets of an insolvent corporation until after all the ordinary creditors have been paid in full.  In … Continue Reading
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