Ontario Superior Court of Justice: word of caution regarding sealing orders

In the receivership proceedings of Distinct Infrastructure Group Inc.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Mediation, Insolvency, Receivership, Supreme Court of Canada, Ontario Superior Court of Justice
Authors:
Roger Jaipargas , Charlotte Chien
Location:
Canada
Firm:
Borden Ladner Gervais LLP
Bankrupt company obtains protection under the CCAA

On March 30, 2021, the Supreme Court of British Columbia (the Court) made an initial order under the Companies Creditors Arrangement Act (the CCAA) in respect of EncoreFX Inc. (EncoreFX) one year after the commencement of its bankruptcy proceedings. The decision is unusual in that the applicant for the CCAA initial order was EncoreFX’s trustee in bankruptcy (the Trustee), who also sought to be appointed as monitor of EncoreFX (with enhanced powers). On April 22, 2021, the Court released the reasons for its decision.1

Filed under:
Canada, British Columbia, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Coronavirus, Companies' Creditors Arrangement Act 1933 (Canada), British Columbia Supreme Court
Authors:
Roger Jaipargas , Lisa Hiebert , Charlotte Chien
Location:
Canada
Firm:
Borden Ladner Gervais LLP
Ontario Superior Court of Justice: word of caution regarding sealing orders

In the receivership proceedings of Distinct Infrastructure Group Inc.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Mediation, Insolvency, Receivership, Supreme Court of Canada, Ontario Superior Court of Justice
Authors:
Roger Jaipargas , Charlotte Chien
Location:
Canada
Firm:
Borden Ladner Gervais LLP