HHT Investments - Ontario Superior Court finds that the conversion of a public corporation into a REIT qualifies as a corporate plan of arrangement

Although s. 182 of the OBCA (and similar provisions of the CBCA and various provincial business corporations acts) describe corporate plans of arrangement, a conversion of a public corporation to a REIT should qualify for plan of arrangement treatment on the grounds that it is "any other reorganization or scheme involving the business or affairs of the corporation or of any or all of the holders of its securities" under s. 182(1)(h) of the OBCA.

Summary of Re HHT Investments Inc., 119 OR (3d) 473, 2014 ONSC 1582, under OBCA, s. 182.