Take notice that on March 8, 2019, JTI-Macdonald Corp. (the "Applicant" or "JTIM") sought and obtained protection pursuant to the Companies' Creditors Arrangement Act (the "CCAA") before the Ontario Superior Court of Justice (Commercial List) (the "Court").
Deloitte Restructuring Inc. has been appointed as monitor in the Applicants' CCAA proceedings (the "Monitor") pursuant to the Initial Order of the Court dated March 8, 2019 (the "Initial Order").
The Initial Order provides, among other things, for a stay of proceedings for a period thirty (30) days. The stay period may be extended by the Court from time to time.
On April 5, 2019, the Honourable Justice McEwen granted an Order
extending the stay period to June 28, 2019.
The Court also
issued an Order lifting the stay of proceedings with respect to two personal
injury actions and to permit labour and employment matters to continue or be
commenced with the consent of the Monitor or further order of the Court.
be advised that the motion for the extension of the stay has been scheduled
for Wednesday, June 26, 2019 (commencing at 10:00 a.m. Toronto time), before
Justice McEwen at 330 University Avenue.
If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:
Jun 17, 2019