I remember us all being conspiracy theorists that “PWC is an expert” and will handle things properly. Remember the “fly in the ointment” and “let the professionals handle things” comments by PWC in court? Well, when self-proclaiming this position and showing total disdain for others, there should be no leeway given to PWC for any deviation from an ethical and legal handling of this process, if that is determined to have happened.
I remember this entire process as requested by PWC to be handled as an exception to the Bulk Sales Act.
Have those exceptions been violated? If so, then what is the remedy? Would this then fall under the bulk sales act, where remedy can be up to undoing the process?
Shareholders have just requested to be treated fairly through the process. I believe the court 100% did everything it could do foster fairness. I however have no confidence in PWC in their actions and methods. I am comfortable in saying that the court was sold a mixed bill of goods by PWC, who was acting in a trusted position of the court. PWC’s handling of this process will put PWC Canada’s durability and longevity to the test.
We shall see what the court rules.