Earlier this week, The Toronto Star published a contribution from OCUFA President Sue Wurtele that highlights the need for the next federal government to pass changes to federal insolvency and bankruptcy legislation to exempt public institutions, including universities. Read “Laurentian University’s collapse shows federal government must protect public institutions from private-sector restructuring.”
Ontario faculty associations are sending letters to federal candidates running in their regions and asking those seeking a seat in Parliament to exempt public institutions from private-sector restructuring under the federal Companies’ Creditors Arrangement Act (CCAA) and the Bankruptcy and Insolvency Act (BIA). It was under the CCAA that, earlier this year, Laurentian University acted […]
TORONTO, September 9, 2021 — OCUFA welcomes the Federal New Democratic Party’s commitment to reform the Companies’ Creditors Arrangement Act (CCAA) so that public postsecondary education institutions are not subject to restructuring under federal legislation. The commitment, on page 13 of the Federal NDP’s A Better Future for Northern Ontario, states that, if elected, the […]
TORONTO, September 2, 2021 — OCUFA is pleased to see the Federal Liberal Party’s commitment to exempting public postsecondary education institutions from being subject to restructuring under federal legislation. The commitment, on page 31 of the Liberal platform, states that, if elected, the Liberals would, “Protect public post-secondary educational institutions, such as Laurentian University, from […]
When Laurentian University filed for protection under the Companies’ Creditors Arrangement Act (CCAA), it became the first public university in Canada to do so. Let’s make sure it is also the last. Send a letter to your federal candidates today and ask them to commit to updating the CCAA and Bankruptcy Insolvency Act to exempt public institutions and protect Canada’s vital public services.
TORONTO, September 1, 2021 — OCUFA’s faculty, academic librarians, and other academic professionals are looking forward to the start of the new academic year, but health and safety must remain the number one priority as COVID-19 cases rise and Ontario enters the fourth wave. With less than a week before the fall term begins, the […]
