The CCAA’s Reach Expands: Equity Investors, Foreign Companies and Solvent Companies

Jenna Willis and Angad Bedi of Blakes consider the Alberta Court of Appeal’s Angus A2A decision as a significant expansion of CCAA flexibility, confirming that equity investors may commence proceedings where they have a financial interest, and that foreign or solvent non-debtor entities can be brought within CCAA relief where they are closely integrated with the debtor group and their inclusion is necessary to advance the statute’s remedial purpose.

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