RVOs effect a sale of an insolvent entitys shares in a transaction where assets and liabilities unwanted by the purchasers are excluded
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Following their formal recognition by the Quebec Superior Court and British Columbia Supreme Court, reverse vesting orders (RVO) are poised to become extremely valuable tools in insolvency and restructuring proceedings for the energy sector in particular.
Historically, courts have used standard vesting orders to …
Read the full article at: https://financialpost.com/commodities/energy/new-insolvency-rules-to-have-major-impact-on-energy-companies-with-environmentally-compromised-assets
