Ecoasis Developments LLP et al
FollowActive
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act and Section 39 of the Law and Equity Act
- File
- S-243389
OverviewSummary updated
Ecoasis Developments LLP and the related Ecoasis entities have been in receivership since June 16, 2025, when the Supreme Court of British Columbia appointed Alvarez & Marsal Canada Inc. receiver on the application of Sanovest Holdings Ltd. under section 243 of the Bankruptcy and Insolvency Act. Sanovest, a partner in the debtor, holds an unaffected claim of $64,783,526.20 as at November 10, 2025 that is excluded from the claims process, together with a second component of $4,992,563.84 as at December 31, 2025; interest accrues on each thereafter at 8% per annum compounded quarterly. The proceeding is active under court file S-243389.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Claims Process Order dated 27 January 2026.
Proceedings AIAsk this case — answers cite the filings
Case updates84 dated entries · 3 undated
81 earlier updates, back to 3 July 2025 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Parties
Debtor
Ecoasis Developments LLP et al
Receiver
Alvarez & Marsal
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Walker | Supreme Court of British Columbia | 14 orders, Sep 2024 – Jan 2026 | 23 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlvarez & Marsal | Blake, Cassels & Graydon LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorDaniel Matthews and 599315 B.C | Bojm, Funt & Gibbons LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorGold Tee's Developments Ltd | Eyford Partners LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorHSBC Trust Company (Canada) and Royal Bank of Canada | Poulsen & Company | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorSanovest Holdings Ltd | Fasken Martineau DuMoulin LLP | 10 Sep 2024 | Order · 10 Sep 2024 |
| CreditorStrata Plan VIS | Boughton Law Corporation | 9 Apr 2026 | Service list · 9 Apr 2026 |
| CreditorYoung Anderson c / o | Singleton Urquhart Reynolds Vogel LLP | 9 Apr 2026 | Service list · 9 Apr 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Sanovest Holdings Ltd. · in 2 casesSecond component of Unaffected Claim of Sanovest Holdings Ltd.; related party (Partner). Interest accrues thereafter at 8% per annum compounded quarterly. — debtor: Ecoasis Developments LLP and/or Ecoasis Entities · as of 31 Dec 2025 | $4.99M | Claims Notice |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
Sale approved — the Court granted an order approving the Transaction and Amended Groundplay APATenth Report of the Receiver · 24 Jan 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sanovesta revised bid received from Sanovest on November 21, 2025 (the 'Second Sanovest Bid') · asset sale | not stated | Not completedoutside 31 Dec 2025 | Tenth Report of the Receiver |
AdvisorsColliers (listing broker)Tenth Report of the Receiver
RecoveriesAs stated in the filings
Unsecured creditors: paid in full.EstimatedEighth Report of the Receiver · 24 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | paid in full | Estimatedper the receiver | Eighth Report of the Receiver · 24 Nov 2025 |
| Unsecured | — | — | paid in full | Estimatedper the receiver | Eighth Report of the Receiver · 24 Nov 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
Cumulative receipts
$12.1M
As at 24 Jan 2026Tenth Report of the Receiver
Documents
87 filings
| Date | Document | File |
|---|---|---|
Service List
| PDF · Subscribers | |
| Application | PDF · Subscribers | |
| Notice of Appearance (Sanovest) | PDF · Subscribers | |
| Notice of Appearance | PDF · Subscribers | |
| Notice of Appeal | PDF · Subscribers | |
| Instruction Letter | PDF · Subscribers | |
| Notice of Application (Borrowings Increase) | PDF · Subscribers | |
| Notice of Application (Claims Process) | PDF · Subscribers | |
Order (Borrowings Increase)
| PDF · Subscribers | |
Order (Claims Process)
| PDF · Subscribers | |
Tenth Report of the Receiver
| PDF · Subscribers | |
| Order (Approval and Vesting) | PDF · Subscribers | |
| Affidavit #8 of Tian Kusumoto | PDF · Subscribers | |
| Supplement to the Ninth Report of the Receiver | PDF · Subscribers | |
| Requisition to re-set hearing of applications | PDF · Subscribers | |
Entered Order made after Application (Slip Rule)
| PDF · Subscribers | |
| Affidavit #1 of Lisa Hiebert | PDF · Subscribers | |
| Affidavit #6 of Mia Liang | PDF · Subscribers | |
| Affidavit #7 of Tian Kusumoto | PDF · Subscribers | |
| Affidavit #9 of D. Matthews | PDF · Subscribers | |
| Application Response of Sanovest | PDF · Subscribers | |
| Affidavit #4 of Suzanne Volkow | PDF · Subscribers | |
| Ninth Report of the Receiver | PDF · Subscribers | |
Eighth Report of the Receiver
| PDF · Subscribers | |
| Affidavit #4 of Mia Liang | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Order Made After Application
| PDF · Subscribers | |
| Affidavit #7 of D. Matthews filed October 31, 2025 | PDF · Subscribers | |
| Application Response | PDF · Subscribers | |
| Affidavit #2 of Mia Liang | PDF · Subscribers | |
| Affidavit #4 of Tian Kusumoto | PDF · Subscribers | |
| Affidavit #1 of Kim Picard | PDF · Subscribers | |
| Affidavit #6 of Daniel Matthews | PDF · Subscribers | |
Amendment of Receivership Order
| PDF · Subscribers | |
| Application Book | PDF · Subscribers | |
Entered Sealing Order of Justice Walker
| PDF · Subscribers | |
Order
| PDF · Subscribers | |
| Affidavit #1 of Zhao (Vivienne) Zhang | PDF · Subscribers | |
| Affidavit #4 of Daniel Matthews | PDF · Subscribers | |
Daniel Matthews and 599’s response to Sanovest’s application to amend the receivership order
| PDF · Subscribers | |
| Daniel Matthews and 599’sresponse to Sanovest’s application concerning the litigation schedule | PDF · Subscribers | |
| Notice of Change of Lawyer | PDF · Subscribers | |
Entered Adjournment Order
| PDF · Subscribers | |
| Notice of Application for Sealing Order | PDF · Subscribers | |
| Requisition to Re-set Hearing to June 23, 2025 | PDF · Subscribers | |
Sealing Order
| PDF · Subscribers | |
| Notice of Withdrawal | PDF · Subscribers | |
| Affidavit #3 of J. Beaulieu | PDF · Subscribers | |
| Fifth Report of the Receiver | PDF · Subscribers | |
| Notice of Application for Case Plan Order | PDF · Subscribers | |
| 1st Supplemental Affidavit of Tian Kusumoto | PDF · Subscribers | |
| Notice of Application Declaration of Secured Debt | PDF · Subscribers | |
| d Notice of Application Receivership Order | PDF · Subscribers | |
| Supplement to the Fourth Report | PDF · Subscribers | |
| Affidavit #3 of Suzanne Volkow | PDF · Subscribers | |
| Affidavit #3 of Tian Kusumoto | PDF · Subscribers | |
| Fourth Report of the Receiver | PDF · Subscribers | |
| Notice of Application (Advice and Directions) | PDF · Subscribers | |
Order (Filing of Reports)
| PDF · Subscribers | |
| Notice of Application -599315 B.C. Ltd. and Daniel Matthews | PDF · Subscribers | |
| Application Response of 599315 B.C. Ltd. and Daniel Matthews | PDF · Subscribers | |
| Application Response of BM Resort filed January 28, 2025 | PDF · Subscribers | |
| Third Report of the Receiver | PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
| Ecoasis et al From 87 | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
Claims Notice
| PDF · Subscribers | |
Entered Order Made After Application made September 18, 2024
| PDF · Subscribers | |
| Notice of Application (Amend Receivership Order) | PDF · Subscribers | |
Order (SISP)
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
| Receiver's Certificate | PDF · Subscribers | |
Seventh Report of the Receiver
| PDF · Subscribers | |
| Affidavit #1 of J. Beaulieu | PDF · Subscribers | |
Order Made After Application – September 10, 2024
| PDF · Subscribers | |
Sealing Order – September 10, 2024
| PDF · Subscribers | |
| Affidavit #1 of Robert Larocque | PDF · Subscribers | |
| Affidavit #1 of Irene Lee | PDF · Subscribers | |
| Affidavit #2 of Tian Kusumoto | PDF · Subscribers | |
| Affidavit #1 of Daniel Matthews | PDF · Subscribers | |
| Affidavit #2 of Suzanne Volkow | PDF · Subscribers | |
| Affidavit #1 of Tian Kusumoto | PDF · Subscribers | |
| Affidavit #1 of Suzanne Volkow | PDF · Subscribers | |
| Sixth Report of the Receiver | PDF · Subscribers | |
| Application Response (Groundplay,599 & Matthews) | PDF · Subscribers | |
| Petition to the Court | 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., “Ecoasis Developments LLP et al” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/ecoasis-developments-llp-et-al