GREY:NMKEF - Post by User
Comment by
Takeactionnowon Jun 26, 2020 11:09am
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RE:RE:The CCAA process explained
RE:RE:The CCAA process explainedTTT, your point is a good one. Cases like this one are highly politicized, and the negotiations (and Ministerial statements!) reflect that. The linked report in my original post indicates as much:
During the stay period, a company will consider one or more paths towards becoming a viable going concern. This may involve a sales and investment solicitation process under which assets may be sold or an investment accepted in the company. Or it may involve a negotiated compromise of claims with creditors, a distribution of equity to creditors, an investment by a third party involving a change in operating structure or some other path. There are no restrictions in this regard. TicTacTo wrote: In sensitive and political case there is always theory and reality, all know it form past event