Saturday, March 13, 2010

SEC Canada to process the Canwest shareholder CCAA S36 filing

Important feature of oversight of federal securities commissions of the world, is to process large shareholder CCAA s36 filings.

CCAA 29.3 "The Superintendent of Bankruptcy may engage the services of persons having technical or specialized knowledge, and persons to provide administrative services, to assist the Superintendent of Bankruptcy in conducting an inquiry or investigation, and may establish the terms and conditions of their engagement. The remuneration and expenses of those persons, when certified by the Superintendent of Bankruptcy, are payable out of the appropriation for the office of the Superintendent."