Court in US Steel Canada bankruptcy says parent’s claims are debt not equity
Credit: iStock.com/smilesb
A Canadian court has ruled that more than US$2 billion invested in bankrupt steel producer US Steel Canada by its American parent company should be characterised as a debt, not equity, throwing out a raft of objections from unions and employees past and present.
To read more
Subscribe to Global Restructuring Review
Subscribe & start reading now!
GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.
Subscribe now