Summary:
Bowe Bell + Howell International Ltd., a Canadian company, along with its U.S. parent, Bowe Bell + Howell Company, and certain other U.S. affiliates commenced a Chapter 11 proceeding. The Canadian court granted an interim stay of proceedings with respect to all of the Chapter 11 debtors pursuant to Part IV of the CCAA. The Canadian court subsequently recognized the Chapter 11 proceeding as foreign main proceedings and BBH Canada as the foreign representative. Further orders were granted by the Canadian Court for, among other things (i) recognition of various orders made in the Chapter 11 proceeding; (ii) the appointment of an Information Officer; (iii) granting a an Administration Charge of up to $100,000 on the assets of the Chapter 11 debtors in Canada for professional fees and disbursements of the Information Officer and its counsel; and (iv) recognition of a Bidding Procedures Order and, subsequently, a Sale Order in the Chapter 11 proceeding.