Federal NDP leader says he’s ‘reserving judgement’ on insolvency law consultations brought forward in aftermath of Laurentian University’s journey under CCAA
The leader of the federal NDP said he’s “reserving judgement to see what comes out of it” regarding consultations on federal insolvency laws inspired by Laurentian University’s recent journey under the Companies’ Creditors Arrangement Act .
“So I'm really reticent to weigh in until I see what the outcome is, because there's been a lot of talk from Prime Minister Trudeau — a lot of big talk and then small action. Like, it's not good enough to just do the consultation if you're not going to implement anything that's going to be meaningful, improving things for the future.”
Sudbury Liberal MP Viviane Lapointe has said she would sponsor the bill if it’s passed by the Senate. However, his bill goes further, and would prevent all publicly funded institutions from seeking creditor protection under the CCAA. “I mean, if they were serious about it, I would think they'd bring in a government bill, and then we could definitely get it done,” he said.
“So we're pushing, putting a lot of pressure, but they don't seem to be taking it that seriously,” he said.
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