Ontario Court of Appeal Affirms Scope of “Equity Claims” Under the Bankruptcy and Insolvency Act

Ding Han of Fogler Rubinoff summarizes a recent Ontario Court of Appeal decision affirming that a former executive’s profit-sharing entitlement was a contractual damages claim rather than an “equity claim” under the Bankruptcy and Insolvency Act—clarifying that only claims arising from ownership interests qualify as equity claims and that unliquidated contractual damages remain provable in bankruptcy.

Read more.