By Tiffany Bennett, Ellen Muir and Shivam Goel ( June 16, 2026, 1:23 PM EDT) -- In Angus A2A GP Inc. v. Alvarez & Marsal Canada Inc., 2026 ABCA 156 (Angus A2A), the Alberta Court of Appeal recently upheld what it described as an “unusual” use of the Companies’ Creditors Arrangement Act (Canada) (CCAA), in which equity investors, rather than the debtor companies or their creditors, initiated the proceedings. The central question was whether these investors could be considered “interested persons” entitled to commence CCAA proceedings, and whether the proceedings themselves aligned with the CCAA’s underlying purposes. On the facts before it, the court answered both questions in the affirmative and dismissed all of the appeals....