Persons of Interest: Alberta Court of Appeal Widens the CCAA Gateway for Equity Investors

Christian Lachance and William Rodier-Dumais of Davies examine Angus A2A GP Inc v Alvarez & Marsal Canada Inc., where the Alberta Court of Appeal held that equity investors may commence CCAA proceedings as “persons interested” where they have a potential financial stake in the outcome, while also confirming that CCAA initial orders can extend to closely connected foreign, solvent and non-debtor entities in appropriate cross-border restructurings.

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