Nemaska Lithium Inc NMKEF

What to expect on claims

[Takeactionnow]

Claims filed as part of the CCAA process may be divided into a number of categories, but one important distinction is that between financial commitment made and simple expectation of future benefits based upon a favourable contractual relationship. For example, loaning money to a company falls into the former category, and having an offtake agreement falls into the latter. Legal systems (and courts) are particularly concerned about trying to restore parties to their prior situation, such as before loaned money is advanced. They have less concern for frustrated objectives, where money might have been made on the basis of a future working arrangement.  Investors should not presume that all claims will succeed. Those of shareholders, acting solely in this capacity with no contractual relationship with the company, have well-determined legal rights outside of the CCAA process. Their claims will be treated accordingly.