Ready Player Three: Alberta Court of Appeal Recognizes Equity Investor Standing to Initiate CCAA Proceedings

Robyn Gurofsky and Kaitlyn Wong of Fasken highlight the Alberta Court of Appeal’s decision in Angus A2A, which confirms that equity investors may, in appropriate circumstances, qualify as “interested persons” entitled to commence CCAA proceedings and that section 11 can support relief affecting non-debtor and foreign entities where doing so advances the CCAA’s remedial objectives.

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