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Delaware judge orders interim recognition of Canadian auto parts maker’s CCAA proceedings

By Jordan Fermanis

26 March 2020

A Delaware court has granted interim recognition of a Canadian auto parts company’s CCAA proceedings, preventing US creditors from moving in to grab assets from its sales and distribution businesses in Indiana and California.

Delaware judge orders interim recognition of Canadian auto parts maker’s CCAA proceedings Spectra Premium Industries is a car part manufacturer based in Canada (Credit: shutterstock.com/Jenson)