Tag archives: CCAA

BC Supreme Court examines validity of release and injunction clauses affecting third party rights in plans of arrangement

By Caroline Larouche and Sophie Melchers on October 21, 2020 Posted in Other developments

Summary In iAnthus Capital Holdings, Inc.(Re)[1], Gomery J. of the Supreme Court of British Columbia, approved an amended plan of arrangement (the Amended Plan) after he invited the petitioners to narrow the release and injunction clauses of the first plan the petitioners had applied for (the First Plan).[2] The initial release clause was broad enough … Continue reading

Alberta Securities Commission secures restitution for Lutheran Church congregants

By Steven Leitl and Peter Tae-Min Choi on October 3, 2019 Posted in Other developments, Securities regulatory decisions

Two ordained ministers are among the five named individual Respondents who have settled with the Alberta Securities Commission (the Commission) in Re Lutheran Church-Canada, the Alberta-British Columbia District, 2019 ABASC 140. The individual Respondents were all involved in investment funds run by the Lutheran Church-Canada, Alberta-British Columbia District (the District), which became insolvent in 2015. The individual Respondents admitted … Continue reading