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IN FACT AND IN LAW
CCAA: The use of credit bids at an auction is scrutiniezed by Quebec Courts
By :
Jean-Yves Simard, Jonathan Warin - January 2011
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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May 2012
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