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Beyond the Tipping Point - Re: Indalex and the Changing Face of Pension Protection in Canadian Insolvency Proceedings

April-1-2011

Summary

Excerpt from "Beyond the Tipping Point - Re: Indalex and the Changing Face of Pension Protection in Canadian Insolvency Proceedings":

Insolvency law has always been pulled in two very different directions. On the one hand, businesses and institutional creditors are generally in favour of laws that protect existing property rights in a consistent and predictable manner.  On the other hand, the rigid enforcement of property rights does not take into account the interests of other parties that may be adversely affected by a company’s collapse.  Pension protection in insolvency strains this dichotomy towards its breaking point.

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