Bill C-59 passes in Senate, banning public universities from using CCAA, BIA

The Senate of Canada has passed Bill C-59, which keeps public universities from using the Companies’ Creditors Arrangement Act (CCAA) and the Bankruptcy and Insolvency Act (BIA). Sudbury MP Viviane Lapointe stated that the bill included a reference to the layoffs and program cuts that occurred during Laurentian University’s CCAA process. Laurentian University Faculty Association President Fabrice Colin called the change a “relief,” but lamented that so many suffered before “the government [realized] how inappropriate these corporate procedures are for public institutions.” OCUFA Executive Director Jenny Ahn said that the legislation will “protect university students, faculty and staff from corporate-style restructuring policies that prioritize creditors over the public interest.”

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