On November 20th, GSNH’s Restructuring and Insolvency group members Michael Rotsztain and Sanja Sopic published an article in The Lawyers Weekly entitled, “Court Clarifies Pension, Secured Creditor Priority”.
This article discusses the Court of Appeal for Ontario’s August 7th decision in Grant Forest Products Inc. v GE Canada Leasing Services Co. [2015] O.J. No. 4147 which provides guidance on the relative priorities between security interests granted pre-insolvency and the deemed trust arising on the winding up of pension plans under the province’s Pension Benefit Act.
Click here to read the entire article.