Steven Weisz and Dilina Lallani authored a practice note in LexisNexis where they discuss the role of restructuring support agreements ("RSA"s) in corporate restructuring, shedding light on their function in securing stakeholder support for debtor recapitalizations and restructuring plans under Canadian corporate statutes. Steve and Dilina explore how RSAs facilitate pre- and post-Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36 proceedings, provide procedural insights to cross-border considerations with U.S. bankruptcy proceedings, and how they can minimize uncertainties, reduce costs, and streamline restructuring efforts while also recognizing potential risks and the importance of "fiduciary out" clauses.
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