As the North American economy continues to weaken and predictions of recession loom along with rising corporate default rates, most distressed U.S.-based companies may not immediately be thinking of contingency scenarios in Canada.
They should.
As the North American economy continues to weaken and predictions of recession loom along with rising corporate default rates, most distressed U.S.-based companies may not immediately be thinking of contingency scenarios in Canada. They should, write Aubrey Kauffman and Stuart Brotman of Fasken Martineau DuMoulin. That's because their own fates may be tied more closely than they know to the insolvency of a major Canadian supplier or customer.
May 14, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
As the North American economy continues to weaken and predictions of recession loom along with rising corporate default rates, most distressed U.S.-based companies may not immediately be thinking of contingency scenarios in Canada.
They should.
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