Linc Energy – environmental law v insolvency law

“It is a simplistic statement but one that is necessary to emphasize: insolvency statutes … do not mesh very well with environmental legislation”: Justice Geoffrey Morawetz, Ontario Superior Court of Justice, Re Nortel Networks Corporation 2012 ONSC 1213 at [101]. The outcome of the Linc Energy decision is explained here. In directing the liquidators to use available funds to […]