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Crystallex Bondholders Demand Action
June 17, 2009
In Julius Melnitzer's National Post article, “Crystallex's Venezuela Ws Grow; Faces Investor Suit,” the bondholder claims are examined. “We brought the application because it's time to stop spending money on rainbows,” explains Rob Staley, who with colleague Derek Bell represent the bondholders. Arthur Peltomaa adds, “the Supreme Court of Canada left wide open the possibility of unpaid creditors asserting claims based on the oppression remedy and the duty of care that exists in the Canadian Business Corporations Act.”