BioAmber Inc (fka BIOAQ)

[CSCS]

Yes, the Companies' Creditors Arrangement Act, a federal act that allows financially troubled corporations the opportunity to restructure their affairs. By allowing the company to restructure its financial affairs, through a formal Plan of Arrangement, the CCAA presents an opportunity for the company to avoid bankruptcy and allows the creditors to receive some form of payment for amounts owing to them by the company.

What is CCAA?

https://www.pwc.com/ca/en/services/insolvency-assignments/what-is-ccaa.html



CCAA Frequiently Asked Questions:

https://www.pwc.com/ca/en/services/insolvency-assignments/ccaa-faqs.html




All three companies are under the Companies' Creditor Arrangement Act for administrative purposes.