Super-priority charges in restructuring process can take precedence over payment to Crown: SCC

By Ian Burns ( July 28, 2021, 5:06 PM EDT) -- The Supreme Court has ruled in a 5-4 decision that courts have broad discretionary powers under the Companies’ Creditors Arrangement Act (CCAA), which includes the ability to ensure “super-priority” charges are paid before money owed to the Crown as part of a restructuring process....