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Re Metcalfe : A matter of fraud, fairness, and reasonableness. The restructuring of the third‐party asset‐backed commercial paper market in Canada
Author(s) -
Forte Mario
Publication year - 2008
Publication title -
international insolvency review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.125
H-Index - 7
eISSN - 1099-1107
pISSN - 1180-0518
DOI - 10.1002/iir.164
Subject(s) - restructuring , scope (computer science) , underpinning , asset (computer security) , legislation , law and economics , economics , business , law , political science , computer science , computer security , civil engineering , programming language , engineering
The recent market freeze in third‐party asset‐backed commercial paper in Canada has given rise to a restructuring proceeding of unprecedented size and complexity in Canada. It has led the Courts to refine and perhaps define the interpretative principles underpinning the determination of the scope of under‐inclusive commercial legislation. This paper is a commentary on this unusual proceeding and the judicial analysis employed in the proceeding. Copyright © 2008 John Wiley & Sons, Ltd.