Article
The Function And Limits Of Directors And Officers Insurance Policies In Class Actions And The Companies' Creditors Arrangement Act
The Ontario Superior Court has held that claims made insurance policies issued to directors and officers upon a company filing for protection under the Companies' Creditors Arrangement Act, RSC 1985, c C-36 (the CCAA) could not provide coverage for past unpaid wages and benefits that were the subject of a class proceeding that was scheduled for trial only months after the CCAA filing.

Bennett Jones LLP
