He then questioned the administration of the term loan and the practice of U. [...] The judge said he would look at the payment made on the day of the filing under CCAA, which was to Cliffs Natural Resources for iron pellets, but wanted to see the contract with Cliff as the U. [...] The judge set the tone for the closing arguments by saying it appeared the parties were in agreement on the facts and both sides wanted to look at the issues not from a perspective of formal or legal definitions of words but from the perspective of what actually happened. [...] The Province pointed out that this was the first case in Canada under the CCAA where the 5 parent/subsidiary relationship has become the centre of the dispute. [...] The purpose of the CCAA is to restructure the failing company in a way that is fair to all stakeholders, the Province's lawyer said.
Authors
- Pages
- 6
- Published in
- Canada
