Good thing this is a Foreign Main Proceeding Under the authority of the CCAA in CANADA then... CCAA allows for companies to restructure their financial and business affairs without the pressure from creditors... If this was a Chapter 11 Proceeding then yes you are correct, all classes of creditors must be satisfied before common shareholders... The thing is BioAmber's Chapter 11 Proceedings were dismissed... terminated... The current CCAA Proceedings allow for creditors and other stakeholders to be included in a Plan of arrangement or compromise which stakes how all debt and equity will be taken care of... PWC has repeatedly stated that there are a few remaining matters before the CONCLUSION of the CCAA proceedings....
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