We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
On May 21, 2008, the Quebec Court of Appeal ruled in favour of a group of debentureholders of Bell Canada Inc. (“Bell Canada”), a wholly-owned subsidiary of BCE Inc. (“BCE”), which had challenged the proposed acquisition of BCE through a plan of arrangement by a consortium led by Ontario Teachers’ Pension Plan Board
Today, the Supreme Court of Canada unanimously overturned the Quebec Court of Appeal’s decision which had threatened to derail the acquisition of BCE Inc., the largest leveraged buy-out transaction in Canadian history
On February 24, 2012, the Tax Court of Canada ("TCC") rendered its decision in Morguard Corporation v. Her Majesty the Queen (2012 TCC 55 PDF) on the issue of the taxation of break fees received in the context of a takeover bid pursuant to a "lock-up agreement"
