• CCAA: Is The Termination Of Employment Contracts Subject To Section 32 CCAA?
  • October 29, 2012 | Author: Jean-Yves Simard
  • Law Firm: Lavery, de Billy, L.L.P. - Montreal Office
  • On August 30, 2011, Hart Stores Inc./Magasins Hart inc. (hereinafter ''Hart''), filed for protection under the Companies' Creditors Arrangement Act (hereinafter the ''CCAA''). As part of the restructuring, Hart closed down 32 out of 92 points of sale and laid off 640 out of 1,600 employees. Included in the lay off are five executives, who are the subject of this bulletin.