• Re Indalex: Another Decision On Deemed Trust
  • March 24, 2010 | Authors: Pamela L. Cross; Maria S. Doerksen; R. Andrew G. Harrison; François Morin
  • Law Firms: Borden Ladner Gervais LLP - Ottawa Office ; Borden Ladner Gervais LLP - Calgary Office ; Borden Ladner Gervais LLP - Toronto Office ; Borden Ladner Gervais LLP - Vancouver Office ; Borden Ladner Gervais LLP - Montreal Office
  • On February 18, 2010, the Superior Court of Ontario issued a judgment in Re Indalex which confirmed that the "deemed trust" under the Pension Benefits Act (Ontario) ("PBA") does not arise in respect of the solvency deficiency of a continuing pension plan or in respect of special payments in a plan wind-up which are not due and payable at the relevant time.