Need to Know

CCAA: The use of credit bids at an auction is scrutiniezed by Quebec Courts

- Jean-Yves Simard and Jonathan Warin

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In a recent decision of the Court of Appeal, the Honourable Pierre J. Dalphond confirmed that a secured creditor may use its debt to acquire the assets which are charged with its security interests in the context of a sale process monitored by the Court under the Companies’ Creditors Arrangement Act (“CCAA”).

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