Business Beat

In August 2011, in the proceedings of Indalex Limited under the Companies’ Creditors Arrangement Act, the Ontario Court of Appeal made the surprising decision to give priority to Indalex’s pension plan wind-up deficiency claims over the claims of Indalex’s CCAA-secured lender.

Effective October 3, 2011, National Instrument 45-106 - Prospectus and Registration Exemptions (“NI 45-106”) has been amended to include the filing of a new form for the report of exempt distributions (“Form 45-106F6”).

1. Domain Names are “Property” for Ontario Rules of Civil Procedure 2. Breach of PPSA as Defence to Guarantee? 3. No Proposal, No Stay Order 4. Criminal Fraud Charges v. Acceleration of the Debt 5. Recall Rights and WEPPA Claims 6. Knowledge of Prior Security Interests by a Creditor Corporation

1. Tax Exemption for Indians 2. MNR Requirement to Pay on Joint Bank Account