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Pensions & Benefits Law A Discussion of Canadian and U.S./Cross-Border Pension & Benefit Legal Issues

Category Archives: Sale of Business

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Ratansi: Court Clarifies Treatment of Employees Who Are Transferred as Part of Transaction

By Paul Litner on Posted in Canada Pensions & Benefits Law, Legislation & Regulations, Public Sector Plans, Sale of Business

The Ontario Divisional Court’s recent judgment in Ontario Pension Board v. Ratansi has overturned an earlier decision of the Financial Services Tribunal and restored an understanding established by previous Tribunal precedents. Employees who have transferred to a new employer as a part of a sale of business or divestment are not entitled to receive pension… Continue Reading

Employees Entitled to Pension Loss Due to Employer’s Failure to Provide Reasonable Notice of Termination Following Sale

By Ian McSweeney on Posted in Canada Pensions & Benefits Law, Sale of Business

The Kerfoot v. Weyerhaeuser Company Limited case deals with wrongful dismissal damage claims for the loss of pension and savings benefits by two former non-union managerial employees of Weyerhaeuser Company Limited (the Company) when their employment with the Company was terminated by the 2007 sale of a pulp mill to Domtar. The case offers an… Continue Reading