Restructuring the Canadian tobacco industry: a model for the future?

The team at Osler describes how the Court’s sanction of three coordinated CCAA plans for Imperial, JTI and RBH resolved more than $900 billion in tobacco claims through a $32.5 billion industry-wide settlement funded by future profits, showcasing an unprecedented multi-company restructuring model that may guide future litigation driven CCAA proceedings across concentrated sectors.

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