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Appeal court rules that, in context of CCAA, pension plan deficiency claims can have priority over secured creditors

Submitted by: Greg Gowe on 2011/04/10  
Topics: - Bankruptcies & CCAA - Ontario Court of Appeal - Pensions
Jurisdiction: - Ontario

In Indalex Limited (Re), 2011 ONCA 265, the Ontario Court of Appeal ruled that, in the context of Companies' Creditors Arrangement Act (CCAA) proceedings, pension plan deficiency claims can, in certain circumstances, have priority over secured creditors.

  • You can read Koskie Minsky's summary here.
  • You can read FMC's summary here.
  • You can read McCarthy Tetrault's summary here.