​​​On January 19, 2024 SimEx Inc. (“SimEx") and its subsidiaries, Iwerks Entertainment, Inc. (“Iwerks") and SimEx-Iwerks Myrtle Beach LLC (“SIMB" and, together with SimEx, collectively “SimEx-Iwerks") initiated proceedings (the "CCAA Proceedings") under the Companies Creditors Arrangements Act (“CCAA").

On the same day, the Ontario Superior Court of Justice (the “Court") granted an Initial Order which, among other things: (i) granted a stay of proceedings up to and including January 29, 2024; and (ii) appointed Deloitte Restructuring Inc. as Court-appointed monitor of the business and financial affairs of SimEx-Iwerks (in such capacity, the “Monitor").​

On January 26, 2024, SimEx-Iwerks applied for and was granted relief from the Bankruptcy Court in Delaware, including:

1. ​​An order (I) Directing Joint Administration of Cases Under Chapter 15 of the Bankruptcy Code and (II) Authorizing Foreign Representative to File Consolidated Lists of Information Required by Bankruptcy Rule 1007(A)(4).
2. An order Granting Provisional Relief Pursuant to Section 1519 of the Bankruptcy Code; and
3. An Order Scheduling Hearing and Specifying Form and Manner of Service of Notice Pursuant to Sections 105(a), 1514, and 1515 of the Bankruptcy Code and Bankruptcy Rules 2002 and 9007.
   

​If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:

Deloitte Restructuring Inc.

Monitor of SimEx Inc., Iwerks Entertainment, Inc. and SimEx-Iwerks Myrtle Beach LLC

8 Adelaide Street West, Suite 200

Toronto, ON M5H 0A9

Persons requiring further information not available on this website should email the Monitor at simexinc@deloitte.ca or call the Monitor's toll-free hotline at 416-354-1487.