Community Marine Concepts Ltd., Victoria International Marina Ltd., Eternaland Yuheng Investment Holding Ltd., and 0736657 B.C. Ltd.
Follow- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- No. S-217202
- Industry
- Hospitality & leisure · Recreation & fitness
Community Marine Concepts Ltd., together with Victoria International Marina Ltd., Eternaland Yuheng Investment Holding Ltd. and 0736657 B.C. Ltd., remains in a court-appointed receivership before the Supreme Court of British Columbia under court file S-217202, commenced November 1, 2021, with Alvarez & Marsal Canada Inc. as Receiver under BIA s. 243 and provincial Judicature Act authority. The companies' records at December 13, 2021 showed roughly $16.5 million of liabilities, $15,835 thousand secured and $672 thousand unsecured. The Bank of Nova Scotia, holding a senior secured term loan to Community Marine Concepts guaranteed by the other companies and by Hao Ran Zhang and Dongxia Zhang, was owed $16,139,715.70 as of January 24, 2022, with per diem interest of $1,225.09; the loan has been in default since its extended April 30, 2020 maturity. Blue Water Systems Ltd. has a disputed builder's lien of approximately $3.2 million against the Marina Building and the Restaurant.
Compiled, bookmarked Application Record for April 22, 2022 hearing — Application / notice of application
The court appointed Alvarez & Marsal Canada Inc. as Receiver, on the application of THE BANK OF NOVA SCOTIA. Court file No. S-217202.
Source: Consent Order Made After Application (Appt of Receiver)
Undated filings5 — no date appears on the document · show
Debtor
Community Marine Concepts Ltd., Victoria International Marina Ltd., Eternaland Yuheng Investment Holding Ltd., and 0736657 B.C. Ltd.
Receiver
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Groves | Supreme Court of British Columbia | 2 orders, Nov 2021 – Apr 2022 | 8 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlvarez & Marsal | Dentons Canada LLP Previously Blake, Cassels & Graydon LLP (last seen 7 Apr 2022) | 7 Apr 2022 | Service list · 12 Apr 2022 |
| ApplicantBank of Nova Scotia | Blake, Cassels & Graydon LLP | 12 Apr 2022 | Service list · 12 Apr 2022 |
| CreditorAmber Mortgage Investment | Richards Buell Sutton LLP | 12 Apr 2022 | Service list · 12 Apr 2022 |
| CreditorAmber Mortgage Investment Corp | Richards Buell Sutton LLP | — | Application |
| CreditorEd Scripps | Fasken Martineau DuMoulin LLP | 12 Apr 2022 | Service list · 12 Apr 2022 |
| CreditorSonghees First Nation | JFK Law Corporation | 12 Apr 2022 | Service list · 12 Apr 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | The Bank of Nova Scotia (BNS) · in 114 casesSenior secured non-revolving Term Loan; commitment Feb 2017 for $14,000,000, increased to $17,080,000 in Oct 2018 (facility limits, not balances); maturity extended to April 30, 2020; in default since April 30, 2020 — Amount is the outstanding loan per BNS draft payout letter dated January 21, 2022, with interest at $1,225.09 per diem. Pre-filing: Company's records at the Receivership Date (Dec 13, 2021) show secured creditors of approx. $15,835 thousand ($15,835,000) in aggregate. Other BNS facilities: standby Letter of Credit $100,000; VISA business credit card with $50,000 authorized credit · as of 24 Jan 2022 | $16.1M | First Report of the Receiver dated April 11, 2022 |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
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See all plans| Date | Document | File |
|---|---|---|
| Affidavit 2 of Jordan Schultz | PDF · Subscribers | |
| Affidavit 2 of Todd Martin | PDF · Subscribers | |
| Affidavit 1 of Jordan Schultz | PDF · Subscribers | |
| Receiver's Certificate | PDF · Subscribers | |
Compiled, bookmarked Application Record for April 22, 2022 hearing
| PDF · Subscribers | |
| Order made after application (Groves, J.) | PDF · Subscribers | |
Order of Justice Groves
| PDF · Subscribers | |
| Affidavit 1 of Todd Martin | PDF · Subscribers | |
| Affidavit 3 of Joy Chiang | PDF · Subscribers | |
d Notice of Application dated April 13, 2022
| PDF · Subscribers | |
| Affidavit 2 of Joy Chiang | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Affidavit 1 of John Sandrelli | PDF · Subscribers | |
First Report of the Receiver dated April 11, 2022
| PDF · Subscribers | |
Record Cover and Index
| PDF · Subscribers | |
| Affidavit 1 of Huai Yin Zhang | PDF · Subscribers | |
| Affidavit 1 of Aurora Faulkner-Killam | PDF · Subscribers | |
Consent Order Made After Application (Appt of Receiver)
| PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
| First Affidavit of Xiaolu Michael Bi | PDF · Subscribers | |
| First Affidavit of Yu-Chiao (Joy) Chiang | PDF · Subscribers | |
| Fourth Affidavit of Sandra Brown-John | PDF · Subscribers | |
| Second Affidavit of Feng Bing Li | PDF · Subscribers | |
| Requisition resetting hearing | PDF · Subscribers | |
| Requisition | PDF · Subscribers | |
| First Affidavit of Angela Bradley | PDF · Subscribers | |
| First Affidavit of Feng Bing Li | PDF · Subscribers | |
| Requisition to adjourn-reset hearing | PDF · Subscribers | |
| Requistion adjourning hearing | PDF · Subscribers | |
| Consent to Act | PDF · Subscribers | |
| First Affidavit of Jennifer Alambre | PDF · Subscribers | |
| Notice of Hearing | PDF · Subscribers | |
| Third Affidavit of Sandra Brown-John | PDF · Subscribers | |
| First Affidavit of Beatriz Martinez | PDF · Subscribers | |
| First Affidavit of Sandra Brown-John | PDF · Subscribers | |
| Compiled and bookmarked Book of Authorities | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Notice of Application of the Receiver
| PDF · Subscribers | |
| Petition to the Court | PDF · Subscribers | |
| Receiver’s Statement | PDF · Subscribers | |
| Response to Petition | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Community Marine Concepts Ltd., Victoria International Marina Ltd., Eternaland Yuheng Investment Holding Ltd., and 0736657 B.C. Ltd.” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 25 October 2026, https://proceedings.ca/case/community-marine-concepts-ltd-victoria-international-marina-ltd-eternaland-yuhen