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Quebec... No Longer Feared in ABL Workouts

DATE

February 1, 2004

Insolvency and restructuring proceedings in Canada in general, and in Quebec in particular, have evolved in ways which are favorable to the asset-based lending marketplace. Given the improved outlook of the Quebec economy and other factors, asset-based lending in Quebec should be a thing less to be feared and more to be seen as an attractive growth opportunity.

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Kevin J. Morley
Toronto
416.216.2300
kmorley@ogilvyrenault.com
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Arnold Cohen
Montréal
514.847.6082
acohen@ogilvyrenault.com
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