The Licensed Insolvency Trustee Professional
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The Office of the Superintendent of Bankruptcy (OSB) has released the long-awaited Directive on Trustee Designation and Advertising. Under the new Directive, the term Trustee in Bankruptcy will be replaced by Licensed Insolvency Trustee (LIT) in all advertising by trustees.
Further to CAIRP’s bulletin of November 13th, we are pleased to provide a summary of the judgments released by the Supreme Court of Canada in 407 ETR Concession Co. v. Canada (Superintendent of Bankruptcy) and Alberta (Attorney General) v. Moloney.