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Restructuring Publicly-Funded Universities: A CAUT Commissioned Report on the Laurentian University Insolvency

At the 90th CAUT Council held in April 2021, delegates called on CAUT to “research avenues of challenge and resistance” to the use of the Companies’ Creditors Arrangement Act (CCAA) by post-secondary institutions.

CAUT engaged Simon Archer, a partner at Goldblatt Partners law firm and Dr. Virginia Torrie of the Faculty of Law at the University of Manitoba to research and report on the application of the CCAA to publicly-funded post-secondary institutions.

The full report recommends changes to the Act and other initiatives to prevent a repeat of the unprecedented decision of Laurentian University to apply for CCAA protection.

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