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US Chapter 11 proceedings recognized as a foreign main proceeding under the CCAA.
The applicant, LTL Management LLC, sought an Initial Recognition Order and a Supplementary Recognition Order under the CCAA to recognize its US Chapter 11 proceedings as a foreign main proceeding.
The court found that the requirements under the CCAA were met, as the Chapter 11 case was a foreign proceeding and the applicant was a foreign representative.
The court granted the recognition orders, including a stay of proceedings and recognition of a US preliminary injunction, but declined to dispense with the requirement to publish notice in Canadian newspapers.
