AVERMENTS AND CONCLUSIONS
Source of Averments: SE-1
1. Debtor’s Averment 17 (Page 6)
AbitibiBowater has been operating in Canada for over a century, through its Canadian subsidiaries (the AbitibiBowater Canadian Entities) and their predecessors. Aside from its activities in Newfoundland and Labrador, AbitibiBowater also owns and/or operates enterprises in other parts of Canada, including British Columbia, New Brunswick, Nova Scotia, Ontario and Quebec.
Conclusion: The Debtor operates similarly in many parts of Canada.
'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'