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On May 8, 2020, the Supreme Court of Canada (“SCCâ€) released its decision in 9354-9186 Québec inc. v. Callidus Capital Corp., after hearing arguments on January 23, 2020. The appeal arose out of a proceeding under the Companies Creditors’ Arrangement Act (the “CCAAâ€), and the decision provides guidance on two issues of great interest to the insolvency bar.
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