Examples of Canadian Proceedings in a sentence
On September 29, 2009, the Canadian Court issued an order lifting the stay in the Canadian Proceedings to allow CTR to commence proceedings against CSA Canada in the Chapter 11 Cases and ordering all income tax refunds received by CSA Canada after September 29, 2009 be segregated immediately upon receipt and not disbursed, encumbered or otherwise dealt with in any way until further order of the Canadian Court.
Even if the Canadian Proceedings are “foreign nonmain proceedings,” there is a substantial likelihood that the Receiver will be able to demonstrate that it is entitled to relief under 11 U.S.C. § 1521(a).
You will have no further opportunity to opt out of the Canadian Proceedings.
Among other things, the Receivership Order appointed the Receiver as the authorized foreign representative of the Debtors, with the power to commence ancillary insolvency proceedings in other countries and request aid and cooperation of U.S. courts to give effect to the Receivership Order and assistance with the Canadian Proceedings.
The Company’s subsidiaries and operations outside the United States and Canada are not included in the Chapter 11 Cases or the Canadian Proceedings (other than CSA Canada) and continue to operate in the ordinary course of business.