On December 14, 2010, Envision Engineering & Contracting Inc. ("Envision") and other related entities, Iona Contractors Ltd. ("Iona"), Inter Project Systems Inc., Landex Construction Inc. ("Landex"), Western Construction & Combustion Services Inc. ("Western") and Bow Valley Electrical Services Ltd. ("Bow Valley") (collectively referred to as the "Envision Group") obtained an order (the "Initial Order") from the Ontario Superior Court of Justice, Judicial District of Ottawa-Carleton ("Court") pursuant to the Companies' Creditors Arrangement Act ("CCAA") granting the Envision Group protection from its creditors. Ernst & Young Inc. (formerly RSM Richter Inc.) was appointed as Monitor under the Initial Order.
On January 14, 2011, the Court terminated the CCAA proceedings for the reasons cited in the decision of the Honourable Justice Beaudoin. Immediately after the termination of the CCAA proceedings, Alberta Treasury Branches ("ATB"), the Envision Group's operating lender, appointed Ernst & Young Inc. (formerly RSM Richter Inc.) as Receiver and Manager ("Receiver") of the Envision Group.
On March 16, 2011 Envision and Landex filed Assignments in the Judicial District of Ottawa-Carleton. On March 18, 2011, Bow Valley, Iona and Western also filed an assignment for the general benefit of creditors ("Assignment") in the Judicial District of Calgary. Ernst & Young Inc. (formerly RSM Richter Inc.) has been appointed Trustee of all of the estates. The engagement was subsequently transferred to Deloitte Restructuring Inc. effective August 10, 2016.
On May 22, 2019, The Receiver obtained its discharge.
On July 4, 2022, The Trustee obtained its discharge.
If you have questions or require further information, please contact Naomi McGregor at (403) 503-1423 or naomcgregor@deloitte.ca.
Last updated Oct 13, 2022
