The Debtor Loses The Driver’s Seat: The Rise of Creditor-Launched CCAA Proceedings

Brandon Smith of Ira Smith Trustee & Receiver examines the rise of creditor and investor-led CCAA proceedings, including enhanced monitor powers, faster SISPs and continued use of reverse vesting orders, and explains how the Angus Manor decision may expand the ability of equity investors to initiate restructurings where management is deadlocked or failing to act.

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