Corporate Restructuring Meets Intellectual Property: Quebec Superior Court Overturns Disclaimer Notice and Issues the First Canadian Interpretation of Usage Rights under the CCAA

Joséane Chrétien, Sidney Elbaz and Eva Langrais of McMillan summarize the first-ever decision concerning the statutory protection afforded by section 32(6) of the CCAA and the right of use following resiliation of an IP contract, revealing that the Québec Superior Court has offered a novel interpretation which differs from a similar provision under the US Bankruptcy Code.

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