Showing posts with label Jeff Watson Loewen Partners BCE Supreme Court of Canada Quebec court bonds coporate boards. Show all posts
Showing posts with label Jeff Watson Loewen Partners BCE Supreme Court of Canada Quebec court bonds coporate boards. Show all posts

Canada's Biggest Private Equity Deal

On Wednesday, May 28 BCE asked the Supreme Court of Canada to hear an appeal of a lower court decision that could kill its planned buyout, saying it was important to clarify rules governing corporate boards. Bondholders successfully argued before a Quebec court that the C$34.8 billion privatization of BCE would unfairly devalue their bonds. This decision imposes obligations on company directors to creditors that have never before been recognized by a court in Canada.

Posted by Jeffrey Watson, Associate at the private equity firm, Loewen & Partners.