Pre-merger notification interpretation guideline number 7 : creditor acquisitions (Paragraph 111(d) of the Act).: Iu54-35/7-2011E-PDF
"Trustees in bankruptcy and receivers are considered at law to operate as the agents of creditors. Hence, the vesting of a debtor’s assets in the trustee or receiver and their corresponding acquisition of control and possession of the debtor’s assets are exempt from the application of Part IX of the Act. However, the subsequent sale of a debtor’s assets by a trustee or receiver to a third party may be notifiable, depending on the nature of the debtor’s assets and whether they relate to an operating business"--Policy, p. 1.
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| Department/Agency | Canada. Industry Canada. Canada. Competition Bureau. |
|---|---|
| Title | Pre-merger notification interpretation guideline number 7 : creditor acquisitions (Paragraph 111(d) of the Act). |
| Variant title | Enforcement guidelines : Paragraph 111(d) of the Competition Act Creditor acquisitions (Paragraph 111(d) of the Act) Paragraph 111(d) of the Competition Act |
| Publication type | Monograph |
| Language | [English] |
| Other language editions | [French] |
| Later edition | Pre-merger notification interpretation guideline number 7 |
| Format | Electronic |
| Electronic document | |
| Note(s) | "2011-06-20." Title from cover. "This publication replaces the following Competition Bureau publications: Enforcement Guidelines — Notifiable Transactions under Part IX of the Competition Act — Interpretation Guidelines, April 25, 2000." Issued also in French under title: Avis d'interprétation no 7 sur les préavis de fusion : alinéa 111d) de la Loi. Acquisitions réalisées par un créancier. Includes bibliographical references. |
| Publishing information | Gatineau QC : Competition Bureau, 2011. |
| Description | 3 p. |
| ISBN | 978-1-100-18852-2 |
| Catalogue number |
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| Departmental catalogue number | 60917 |
| Subject terms | Bankruptcies Acquisitions (Businesses) Legislation |