Proceedings.

Lawrence Ophthalmic Lab inc. et al.

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Closed
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
File
CV-25-00743383-00CL
Filings held70
Last activity24 Jun 2026
On the record494 days
OverviewSummary updated

Lawrence Ophthalmic Lab inc. is the subject of insolvency proceedings commenced 15 May 2025 in the Ontario Superior Court of Justice, court file CV-25-00743383-00CL, which remain active. The record before the court includes a preliminary list of creditors as at May 15, 2025, submitted by the debtor without admission as to liability and naming Hakim Optical Laboratory Limited as the obligor. It shows a secured claim of CAD 16,316,927.94 in favour of 1001112855 Ontario Inc. The largest unsecured claims listed are Oxford In Trust For Square One at CAD 1,015,714.99, Invahoe Cambridge II Inc. at CAD 560,052.26, Cushman & Wakefield Asset Services (Mic Mac Mall Limited Partnership) at CAD 538,378.53, Ivanhoe Cambridge Inc. at CAD 538,323.92 and Kingsway Garden Holdings Inc. at CAD 510,241.49. Armel Corporation appears twice, at CAD 335,834.94 and CAD 81,652.09.

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Case updates78 dated entries

75 earlier updates, back to 15 May 2025 subscribers.

Parties

Debtor

Hakim Optical Laboratory Limited et al.

Debtor

Lawrence Ophthalmic Lab inc.

Monitor

KSV

Monitor

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice10 orders, Jun 2025 – May 2026176 cases on record
Justice KimmelOntario Superior Court of Justice4 orders, May 2025182 cases on record
Justice DietrichOntario Superior Court of Justice3 orders, Aug 202589 cases on record
Justice MyersOntario Superior Court of Justice2 orders, Nov 2025103 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorChaitons LLP2 Dec 2025Service list · 2 Dec 2025
ApplicantLawrence Ophthalmic Lab inc. et al.Bennett Jones LLP14 Jul 2025Order · 14 Jul 2025
DebtorHakim Optical Laboratory Limited et al.Bennett Jones LLP15 May 2025Order · 15 May 2025
DebtorLawrence Ophthalmic Lab inc.Bennett Jones LLP15 May 2025Order · 15 May 2025
Creditor1383266 ONTARIO LIMITED Phuong PhamGgfi Law LLP2 Dec 2025Service list · 2 Dec 2025
CreditorAu Ngan Leng Lo (Store #73)Pallett Valo LLP2 Dec 2025Service list · 2 Dec 2025
CreditorFima DevelopmentDickinson Wright LLP2 Dec 2025Service list · 2 Dec 2025
CreditorFlamborough South Centre IncWhelton Hiutin LLP2 Dec 2025Service list · 2 Dec 2025
CreditorFormer Employee Signs Maker IncLee Legal Pc2 Dec 2025Service list · 2 Dec 2025
CreditorHammer LP (Store #14)Cassels Brock & Blackwell LLP2 Dec 2025Service list · 2 Dec 2025
CreditorInterested ThirdDavies Ward Phillips & Vineberg LLP2 Dec 2025Service list · 2 Dec 2025
CreditorNewcomer Women's Services TorontoReeves Richarz LLP2 Dec 2025Service list · 2 Dec 2025
CreditorSupreme Capital IncField Law2 Dec 2025Service list · 2 Dec 2025
CreditorTopostar Yorkville IncOrmston List Frawley LLP2 Dec 2025Service list · 2 Dec 2025
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Court-ordered chargesDIP Lender's Charge — Second – DIP Lender's Charge (to the maximum amount of $2,800,000, plus accrued and unpaid interest, fees and expenses in accordance with the DIP Agreement)$2.8MCCAA Initial Order dated May 15, 2025

249 more claims across lower-ranking classes

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Sale processAs stated in the filings
PurchaserPriceStatusSource
Chiaro Ottico Ltd. ("Chiaro"), 1001410357 Ontario Ltd. ("LabCo"), and 1001410360 Ontario Ltd. ("StoreCo")not statedProposedApproval and Vesting Order dated November 18,…
Closing termsVesting of the Purchased Assets in the Purchasers occurs upon delivery of a Monitor's Certificate confirming that all conditions of Closing have been satisfied or waived by the parties to the Sale Agreement.Approval and Vesting Order dated November 18, 2025
Sealed materialsSchedule "B2" to the Sale Agreement, attached as a confidential appendix to the Fifth ReportApproval and Vesting Order dated November 18, 2025
RecoveriesAs declared or paid

Unsecured creditors: no distribution.FinalReport on Preliminary Administration · 24 Jun 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecuredsubsequent ranking creditorsno distributionFinalper the monitorReport on Preliminary Administration · 24 Jun 2026

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.

Fees and ratesAs stated in the filings

3 engagements · 2 firmslatest: KSV Restructuring Inc., 1 Apr – 31 Jul 2025Third Report of the Monitor · 25 Aug 2025

FirmPeriodHoursFeesRatesSource
Chaitons LLPCounsel to the monitor•••Third Report of the Monitor · 25 Aug 2025
KSV Restructuring Inc.Monitorperiod 2 of 21 Apr – 31 Jul 2025•••Third Report of the Monitor · 25 Aug 2025
KSV Restructuring Inc.Proposal trusteeperiod 1 of 21 Apr – 30 Apr 2025•••First Report of the Proposal Trustee · 9 May 2025

3 stated figures across 3 engagements, each sourced

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Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$3.15M

As at 14 Nov 2025Fifth Report of the Monitor dated November 14, 2025

2 more reported figures, as at 14 Nov 2025

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Documents
70 filings
DateDocumentFile
Report on Preliminary Administration dated June 24, 2026
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2026-06-24 · Table missing:
PDF · Subscribers
Notice to Creditors dated June 9, 2026PDF · Subscribers
1. 9211128 Canada - HOLL - 31-3382891 - Certificate of Appointment dated June 5, 2026
  • Proceeding type bia_bankruptcy
  • Statutory basis Bankruptcy and Insolvency Act
PDF · Subscribers
9223142 Canada - (LOLI) - 31-3382884 - Certificate of Appointment dated June 5, 2026PDF · Subscribers
HOWL - 31-3382875 - Certificate of Appointment dated June 5, 2026PDF · Subscribers
Monitor's Termination Certificate dated May 29, 2026PDF · Subscribers
Aide Memoire of the Landlord for Case Conference on May 22, 2026PDF · Subscribers
Endorsement of Justice Black dated May 22, 2026
  • Presiding officer Justice Black
PDF · Subscribers
Aide Memoire of the Purchasers dated May 21, 2026PDF · Subscribers
Endorsement of Justice Black dated March 27, 2026
  • Presiding officer Justice Black
PDF · Subscribers
Endorsement of Justice Black dated March 4, 2026
  • Presiding officer Justice Black
PDF · Subscribers
Aide Memoire of the Purchasers dated March 3, 2026PDF · Subscribers
Aide Memoire of the Monitor dated March 2, 2026PDF · Subscribers
Aide Memoire of Mantella Sons dated February 27, 2026PDF · Subscribers
Monitor's Certificate dated December 2, 2025PDF · Subscribers
Service List as at December 2, 2025
  • Counsel Whelton Hiutin LLP
PDF · Subscribers
Approval and Vesting Order dated November 18, 2025
  • Closing terms Vesting of the Purchased Assets in the Purchasers occurs upon delivery of a Monitor's Certificate confirming that all conditions of Closing have been satisfied or waived by the parties to the Sale Agreement.
  • Counsel Bennett Jones LLP
  • Order date 18 November 2025
  • Presiding officer Justice W.D. Black
  • + 2 more extracted facts
PDF · Subscribers
CCAA Termination Order dated November 18, 2025
  • Commencement date 15 May 2025
  • Counsel Bennett Jones LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Hakim Optical Laboratory Limited; Lawrence Ophthalmic Lab Inc.; Hakim Optical Worldwide Lenses Inc.
  • + 4 more extracted facts
PDF · Subscribers
Court Order dated November 18, 2025
  • Counsel Bennett Jones LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Hakim Optical Laboratory Limited; Lawrence Ophthalmic Lab Inc.; Hakim Optical Worldwide Lenses Inc.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF · Subscribers
Endorsement of Justice Black dated November 18, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Factum of the Applicants dated November 17, 2025PDF · Subscribers
Second Supplement to the Fifth Report of the Monitor dated November 17, 2025
  • Report date 17 November 2025
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Supplement to the Fifth Report of the Monitor dated November 17, 2025
  • Operational summary The report summarizes a transition services agreement (TSA) among the Applicants, the Monitor and the Purchasers, discusses the need to enhance the Monitor's powers upon closing of the Transaction, and recommends Court approval of the TSA and expanded Monitor powers.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Fifth Report of the Monitor dated November 14, 2025
  • Operational summary Hakim Optical is a Canadian retail optical chain operating 70 retail locations (including 9 owned by Evelyn Aimis), plus office and warehouse facilities; Labs operates two laboratories manufacturing Hakim Optical branded lenses sold to Hakim Optical at cost; HOWL has no active business operations or assets.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Motion Record of the Applicants dated November 11, 2025PDF · Subscribers
Court Order dated November 4, 2025
  • Counsel Bennett Jones LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names HAKIM OPTICAL LABORATORY LIMITED; LAWRENCE OPHTHALMIC LAB INC.; HAKIM OPTICAL WORLDWIDE LENSES INC.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF · Subscribers
Endorsement of Justice Myers dated November 4, 2025
  • Presiding officer Justice Myers
PDF · Subscribers
Fourth Report of the Monitor dated October 29, 2025
  • Commencement date 15 May 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00743383-00CL
  • Cash on hand Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Motion Record of the Applicants dated October 28, 2025PDF · Subscribers
SISP Process Letter dated September 3, 2025
  • Bid deadline 3 October 2025
  • Order date 28 August 2025
  • Stay extended to 7 November 2025
  • Break fee Subscribers
PDF · Subscribers
Endorsement of Justice Dietrich dated August 28, 2025
  • Presiding officer Justice Dietrich
PDF · Subscribers
SISP Approval Order dated August 28, 2025
  • Bid deadline 3 October 2025
  • Counsel Bennett Jones LLP
  • Order date 28 August 2025
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Factum of the Applicants dated August 25, 2025PDF · Subscribers
Third Report of the Monitor dated August 25, 2025
  • Operational summary Hakim Optical is a Canadian retail optical chain operating from 70 retail locations (including 9 owned by Evelyn Aimis), employing approximately 267 individuals; Labs operates two laboratories in the GTA manufacturing Hakim Optical branded lenses with approximately 10 employees; HOWL has no active business operations or assets.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Motion Record of the Applicants dated August 21, 2025PDF · Subscribers
Endorsement of Justice J. Dietrich dated August 8, 2025
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Stay Extension and DIP Amendment Order dated August 8, 2025
  • Counsel Bennett Jones LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names HAKIM OPTICAL LABORATORY LIMITED; LAWRENCE OPHTHALMIC LAB INC.; HAKIM OPTICAL WORLDWIDE LENSES INC.
  • Monitor KSV Restructuring Inc.
  • + 4 more extracted facts
PDF · Subscribers
Factum of the Applicants dated August 6, 2025PDF · Subscribers
Second Report of the Monitor dated August 6, 2025
  • Commencement date 15 May 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00743383-00CL
  • Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Motion Record of the Applicants dated August 5, 2025PDF · Subscribers
Endorsement of Justice Black dated July 14, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Stay Extension Order dated July 14, 2025
  • Counsel Bennett Jones LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names HAKIM OPTICAL LABORATORY LIMITED; LAWRENCE OPHTHALMIC LAB INC.; HAKIM OPTICAL WORLDWIDE LENSES INC.
  • Monitor KSV Restructuring Inc.
  • + 4 more extracted facts
PDF · Subscribers
Factum of the Applicants dated July 10, 2025PDF · Subscribers
Motion Record of the Applicants dated July 8, 2025PDF · Subscribers
Supplement to the First Report of the Monitor dated July 8, 2025
  • Cash on hand · Operational summary · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Amended and Restated Initial Order dated June 27, 2025
  • Order date 27 June 2025
  • Stay expiry 14 July 2025
PDF · Subscribers
Endorsement of Justice Black dated June 27, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Factum of the Applicants dated June 24, 2025PDF · Subscribers
First Report of the Monitor dated June 24, 2025
  • Commencement date 15 May 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00743383-00CL
  • Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Motion Record of the Applicant dated June 23, 2025PDF · Subscribers
CCAA Notice to Creditors dated May 20, 2025PDF · Subscribers
CCAA Initial Order dated May 15, 2025
  • Commencement date 15 May 2025
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-25-00743383-00CL
  • Charges Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Endorsement of Justice Kimmel dated May 15, 2025
  • Presiding officer Justice Kimmel
PDF · Subscribers
Hakim Optical - NOI Termination Order dated May 15, 2025
  • Counsel Bennett Jones LLP
  • Presiding officer Justice Kimmel
PDF · Subscribers
Hakim Optical Laboratory Limited - List of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Lawrence Ophthalmic Lab Inc. - List of CreditorsPDF · Subscribers
Lawrence Ophthalmic Lab Inc. - NOI Termination Order dated May 15, 2025
  • Counsel Bennett Jones LLP
  • Presiding officer Justice Kimmel
PDF · Subscribers
TeaserPDF · Subscribers
Affidavit of Linda Fraser-Richardson Sworn May 14, 2025
PDF · Subscribers
Factum of the Applicants dated May 13, 2025PDF · Subscribers
Pre-Filing Report of the Proposed Monitor dated May 9, 2025
PDF · Subscribers
Motion Record of the Applicants dated May 8, 2025 (Vol 1)
PDF · Subscribers
Motion Record of the Applicants dated May 8, 2025 (Vol 2)
PDF · Subscribers
Motion Record of the Applicants dated May 8, 2025 (Vol 3)
PDF · Subscribers
Notice to Creditors dated April 23, 2025 - Lawrence Ophthalmic Lab Inc.PDF · Subscribers
Certificate for the Notice of Intention dated April 22, 2025 - Lawrence Ophthalmic Lab Inc.PDF · Subscribers
Notice to Creditors dated April 21, 2025 - Hakim Optical Laboratory LimitedPDF · Subscribers
Certificate for the Notice of Intention dated April 16, 2025 - Hakim Optical Laboratory LimitedPDF · Subscribers
Non-Disclosure AgreementPDF · Subscribers
SISP
  • Bid deadline 3 October 2025
  • Order date 28 August 2025
  • Break fee Subscribers
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., “Lawrence Ophthalmic Lab inc. et al.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/lawrence-ophthalmic-lab-inc

Sources last checked · summary updated 14 August 2026 · Report a correction · Printed from proceedings.ca/case/lawrence-ophthalmic-lab-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.