In Metcalfe & Mansfield Alternative Investments II Corp., (Re) The Court of Appeal of Ontario (the "Court of Appeal") dismissed the appeal commenced by holders of third-party non-bank asset-backed commercial paper ("ABCP") and refused to interfere with the decision of the Ontario Superior Court of Justice (Commercial List) (the "Superior Court") to approve and sanction the plan of compromise and arrangement (the "Plan") as being fair and reasonable.

type Bankruptcy Update - September 2008 - Court of Appeal Releases Landmark Decision in the Restructuring of the Canadian Asset-Backed Commercial Paper Market