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Focus on Insolvency - Legal Fees of Directors Incurred on Behalf of Bankrupt Corporation Rank with Unsecured Creditors
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Date: March 31 2008 |
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In
Enernorth Industries Inc. (Re), [2008] O.J. No. 274 (Ont. S.C.J.) the Directors and Officers of Enernorth (the "Applicants") brought a motion for an order requiring Enernorth to pay their legal fees in connection with proceedings commenced in India by Oakwell Engineering Ltd. ("Oakwell").
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