Court approves reverse vesting order sale of businesses in receivership despite Crown objections

By Karunjit Singh ( April 12, 2024, 3:27 PM EDT) -- The B.C. Supreme Court has approved the sale of two insolvent businesses through a reverse vesting order (RVO) to allow the buyer to acquire them free and clear of their liabilities, finding that the RVO structure left no stakeholder worse off than they would be otherwise....