Publication
Supreme Court of Canada rules managers cannot unionize in Quebec
On April 19, 2024, the Supreme Court of Canada handed down the long-awaited decision on the unionization of managers.
Global | Publication | April 2020
– In particular:
Category A - Employee-related payments (subject to limits)
Category B - Government debts
Category A takes precedence over Category B (and so on) and debts within each category rank equally (and, if assets are insufficient to pay everything, abate equally) among themselves
– Preferential creditors rank ahead of floating charge holders where the assets of the company are insufficient to satisfy all preferential creditors
– Share pari passu, subject to rights attaching to different classes of share in the constitution
– If proceeds are insufficient, they all receive the same percentage of what they would otherwise be entitled to
Publication
On April 19, 2024, the Supreme Court of Canada handed down the long-awaited decision on the unionization of managers.
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