Proceedings.

Norshield

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Proceeding
Receivership (court-appointed)section 129 of the Securities Act, R.S.O. 1990, c. S-5, as amended
Court
Ontario Superior Court of Justice
File
CV-11-9368-00CL
Filings held144
Last activity29 Apr 2026
On the record5,493 days
OverviewSummary updated

Norshield is the subject of a court-appointed receivership in the Ontario Superior Court of Justice (Commercial List). On September 7, 2011, RSM Richter Inc. was appointed receiver on the application of the Ontario Securities Commission under section 129 of the Securities Act (Ontario), in a proceeding bearing court file CV-11-9368-00CL. RSM Richter Inc. had earlier acted as monitor, the record extending back to a June 29, 2005 commencement under court file 05-CL-5965.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Claims Process Order – dated January 5, 2010 dated 5 January 2010.

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Case updates144 dated entries

141 earlier updates, back to 7 September 2011 — subscribers.

Parties

Debtor

Norshield

Receiver

Richter

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice CampbellOntario Superior Court of Justice16 orders, Feb 2006 – Oct 201327 cases on record
Justice ConwayOntario Superior Court of Justice8 orders, Apr 2023 – Apr 2025285 cases on record
Justice ColinOntario Superior Court of Justice6 orders, Jun 2005 – Jul 20071 case on record
Justice HaineyOntario Superior Court of Justice5 orders, Oct 2016 – Oct 2019196 cases on record
Justice DietrichOntario Superior Court of Justice2 orders, Apr 202689 cases on record
Justice BlackOntario Superior Court of Justice2 orders, Oct 2025176 cases on record
2 more judges on the docket

Counsel of record

PartyCounselFirst seenSource
ReceiverRichterThornton Grout Finnigan LLP10 Jul 2013Order · 10 Jul 2013
CreditorKPMG LLPFraser Milner Casgrain LLP (now Dentons Canada LLP)25 Nov 2011Application · 25 Nov 2011
CreditorRetail InvestorsStikeman Elliott LLP25 Nov 2011Application · 25 Nov 2011
CreditorRoyal Bank of CanadaOsler, Hoskin & Harcourt LLP27 Apr 2023Service list · 27 Apr 2023
CreditorRoyal Bank of Canada, RBC Dominion Securities Limited, RBC Dominion Securities IncOsler, Hoskin & Harcourt LLP27 Apr 2023Service list · 27 Apr 2023
CreditorRSM Richter IncFishman Flanz Meland Paquin LLP · ThorntonGroutFinnigan LLP7 Feb 2006Application · 9 Mar 2012
CreditorRSM Richter Inc., solely in itsThorntonGroutFinnigan LLP29 Jun 2005Order · 29 Jun 2005
RecoveriesAs declared or paid

Unsecured creditors: a distribution.FinalJoint Report of the Receiver and Monitor · 17 Apr 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured——a distributionFinalper the monitorJoint Report of the Receiver and Monitor · 17 Apr 2026
class not placedclass members—a distributionFinalper the monitorSixteenth Report of the Monitor · 12 Oct 2022

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.

5 stated figures across 2 outcomes, each sourced

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Estate financialsReported figures — never derived

Cumulative receipts

$26.8M

As at 17 Apr 2026Joint Report of the Receiver and Monitor – dated April 17, 2026

2 more reported figures, as at 17 Apr 2026

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Documents
144 filings
DateDocumentFile
Counsel Endorsement Slip – dated April 29, 2026
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Motion Record – (Returnable April 29, 2026) – dated April 20, 2026
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2026-04-17 · Table missing:
PDF · Subscribers
Order (Stay Extension and Approval Of Activities) dared April 29, 2026
  • Presiding officer Justice J. Dietrich
PDF · Subscribers
Factum of the Receiver and the Monitor – dated April 22, 2026PDF · Subscribers
Joint Report of the Receiver and Monitor – dated April 17, 2026
  • Operational summary The Receiver and Monitor are winding down the Norshield receivership and CCAA proceedings, coordinating with liquidators in Barbados and the Bahamas to realize remaining assets, with the goal of completing an interim and eventual final distribution to Proven Creditors before terminating the proceedings.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Counsel Endorsement Slip -dated October 30, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Order (Stay Extension and Approval of Actvities) – dated October 30, 2025
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Factum of the Receiver and the Monitor – dated October 24, 2025PDF · Subscribers
Joint Report of the Receiver and Monitor – dated October 21, 2025
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2025-10-21 · Table missing:
PDF · Subscribers
Notice of Motion (Stay Extension abd Approval of Activities – dated October 21, 2025
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2025-10-21 · Table missing:
PDF · Subscribers
Endorsement of Conway – dated April 29, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Order – (Stay Extension & Approval of Activities) – dated April 29, 2025
  • Presiding officer Justice Conway
PDF · Subscribers
Factum of the Receiver and the Monitor – dated April 23, 2025PDF · Subscribers
Notice of Motion (Stay Extension and Approval of Activities) – dated April 21, 2025PDF · Subscribers
Joint Report of the Receiver and Monitor – dated April 17, 2025
  • Recovery outcome Entries: per actual · Stated on: 2025-04-17 · Table missing:
PDF · Subscribers
Endorsement of Justice Conway – dated October 24 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Motion Record (Returnable October 24, 2024) – dated October 17, 2024PDF · Subscribers
Order – (Stay Extension Approval of Activities) – dated October 24, 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Joint Report of the Receiver and Monitor – dated October 17, 2024
  • Recovery outcome Entries: per actual · Stated on: 2024-10-17 · Table missing:
PDF · Subscribers
Endorsement of Justice Conway – dated April 26, 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Motion Record – (Returnable April 26, 2024) – dated April 19, 2024
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2024-04-19 · Table missing:
PDF · Subscribers
Order (Stay Extension and Approval of Activities) – dated April 26, 2024
  • Presiding officer Justice Conway
PDF · Subscribers
Joint Report of the Receiver and Monitor – dated April 19, 2024
  • Recovery outcome Entries: per actual; per estimated · Stated on: 2024-04-19 · Table missing:
PDF · Subscribers
Order (Stay Extension until October 31, 2023)
  • Presiding officer Justice Conway
PDF · Subscribers
Endorsement of Justice Penny – dated October 27, 2023
  • Presiding officer Justice Penny
PDF · Subscribers
Motion Record – (Returnable October 27, 2023) – dated October 18, 2023PDF · Subscribers
Order (Stay Extension and Approval of Fees and Activities) – Dated October 27, 2023
  • Presiding officer Justice Penny
PDF · Subscribers
Joint Report of the Receiver and Monitor – dated October 17, 2023PDF · Subscribers
Order (Stay Extension) until April 30, 2023 – dated October 25, 2022
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Service List – dated April 27, 2023
  • Counsel Osler, Hoskin & Harcourt, LLP
PDF · Subscribers
Endorsement of Justice Conway – dated April 25, 2023
  • Presiding officer Justice Conway
PDF · Subscribers
Motion Record – (Returnable April 25, 2023) – dated April 17, 2023PDF · Subscribers
Seventeenth Report of the Monitor – dated April 14, 2023PDF · Subscribers
Order (Stay Extension until October 31, 2022) – dated October 29 2021
  • Presiding officer Justice Dietrich
PDF · Subscribers
Motion Record – (Returnable on October 25, 2022) – dated October 13, 2022PDF · Subscribers
Sixteenth Report of the Monitor – dated October 12, 2022
  • Recovery outcome Entries: per actual · Stated on: 2022-10-12 · Table missing:
PDF · Subscribers
Order (Stay Extension until October 31, 2021) – dated October 28,2020
  • Presiding officer Justice Cavanagh
PDF · Subscribers
Motion Record (Returnable on October 29, 2021) – dated October 22, 2021PDF · Subscribers
Fifteenth Report of the Monitor – dated October 21, 2021PDF · Subscribers
Judgment of Justice Thomas M. Davis of Quebec Superior Court – dated December 7, 2020
  • Presiding officer Justice Thomas M. Davis
PDF · Subscribers
Judgment on the Motion to Declare TD Waterhouse Canada Inc. Holder of Certain Investors’ Rights – dated December 7, 2020PDF · Subscribers
NoticePDF · Subscribers
Claim FormPDF · Subscribers
Motion Record (Returnable on October 27, 2020) – dated October 20, 2020PDF · Subscribers
Fourteenth Report of the Monitor – dated October 20, 2020PDF · Subscribers
Motion Record (Returnable February 20, 2020) – dated January 21, 2020PDF · Subscribers
Order (Re: Stay Extension until October 31, 2019) – dated October 29, 2018
  • Presiding officer Justice Hainey
PDF · Subscribers
Endorsement of J. McEwen – dated October 30, 2019PDF · Subscribers
Motion Record (Returnable on October 30, 2019) – dated October 24, 2019PDF · Subscribers
Order (Stay Extension) – dated October 30, 2019PDF · Subscribers
Thirteenth Report of the Monitor – dated October 17, 2019PDF · Subscribers
Order extending Stay of Proceedings to October 31, 2018 – dated October 29, 2018
  • Presiding officer Justice Hainey
PDF · Subscribers
Order extending Stay of Proceedings to October 31, 2018 – dated October 30, 2017
  • Presiding officer Justice Hainey
PDF · Subscribers
Motion record (Returnable on October 29, 2018) – dated October 24, 2018PDF · Subscribers
Twelfth Report of the Monitor – dated October 24, 2018PDF · Subscribers
Order extending Stay of Proceedings to October 31, 2017 – dated October 31, 2016
  • Presiding officer Justice Hainey
PDF · Subscribers
Endorsement (version anglaise seulement) – dated October 30, 2017PDF · Subscribers
Motion Record (returnable October 30, 2017) – dated October 23, 2017PDF · Subscribers
Eleventh Report of the Monitor – dated October 23, 2017PDF · Subscribers
Motion Record (returnable June 1, 2017) – dated May 23 2017PDF · Subscribers
Seventeenth Report of the Receiver – dated May 23, 2017PDF · Subscribers
Motion Record (Returnable October 31, 2016) – dated October 31, 2016PDF · Subscribers
Order extending Stay of Proceedings to October 31, 2016 – dated October 28, 2015
  • Presiding officer Justice Hainey
PDF · Subscribers
Tenth Report of the Monitor – dated October 25, 2016PDF · Subscribers
Order extending Stay of Proceedings to October 30, 2015 – dated October 29, 2014
  • Presiding officer Justice Wilton-Sioaol
PDF · Subscribers
Motion Record (Returnable October 28, 2015) – dated October 23, 2015PDF · Subscribers
Ninth Report of the Monitor – dated October 22, 2015PDF · Subscribers
Order extending Stay of Proceedings to October 31, 2014 – dated October 24, 2013
  • Presiding officer Justice Thorburn
PDF · Subscribers
Motion Record (Returnable October 29, 2014) – dated October 24, 2014PDF · Subscribers
Motion Record (Returnable October 24, 2014) – dated October 17, 2013PDF · Subscribers
Eighth Report of the Monitor – dated October 23, 2014PDF · Subscribers
Endorsement of Justice Campbell – dated October 15, 2013
  • Presiding officer Justice Campbell
PDF · Subscribers
Seventh Report of the Monitor – dated October 15, 2013PDF · Subscribers
Summary of Receivership Proceeding – dated September 23, 2013PDF · Subscribers
Endorsement – dated July 10, 2013PDF · Subscribers
Motion Record (Returnable July 10, 2013) – dated July 5,PDF · Subscribers
Order (Approval of fees) – dated July 10, 2013
  • Counsel Thornton Grout Finnigan LLP
  • Presiding officer Justice C.L. Campbell
PDF · Subscribers
Letter to creditors regarding class action against Royal Bank of Canada – dated December 27, 2012PDF · Subscribers
Order extending the Stay of Proceedings to and including November 30, 2012 – dated October 25, 2012
  • Counsel Fishman Flanz Meland Paquin LLP
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Order – dated November 21, 2012
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Order extending Stay of Proceeding to and including October 31, 2012 – dated August 3, 2012
  • Presiding officer Justice Morawetz
PDF · Subscribers
Motion Record and Sixth Report of the Monitor – dated October 24, 2012PDF · Subscribers
Sixth Report of the Monitor – dated October 24, 2012PDF · Subscribers
Endorsement of Justice Campbell – dated September 17, 2012
  • Presiding officer Justice Campbell
PDF · Subscribers
Order re: Claims Filed after the Claims Bar Date – dated September 17, 2012
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Motion Record – dated September 12, 2012PDF · Subscribers
Fifth Report of the Monitor – dated September 11, 2012PDF · Subscribers
Notice to Proven Claim Creditors – dated August 7, 2012PDF · Subscribers
Fourth Report of the Monitor – dated August 1, 2012PDF · Subscribers
Order extending Stay of Proceeding to March 30, 2012 – dated November 29, 2011
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Notice to Creditors re Sanction Order rendered – dated March 22, 2012PDF · Subscribers
Sanction order – dated March 19, 2012
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Notice of Motion – dated March 9, 2012
  • Counsel Fishman Flanz Meland Paquin LLP
PDF · Subscribers
Third Report of the Monitor – dated March 9, 2012PDF · Subscribers
Result of vote of Approval Meeting – dated March 7, 2012PDF · Subscribers
Notice to Proven Claim Creditors – dated February 3, 2012PDF · Subscribers
Notice to Creditors without Proven Claims – dated December 8, 2011
  • Recovery outcome Entries: per plan; per plan · Stated on: 2011-12-08 · Table missing:
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice to Creditors with Proven Claims – dated December 7, 2011
  • Recovery outcome Entries: per plan · Stated on: 2011-12-07 · Table missing:
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Order extending Stay Period to and including November 30, 2011 – dated September 28, 2011
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Meeting Order – dated November 29, 2011
  • Presiding officer Justice Colin Campbell
PDF · Subscribers
Plan of Compromise and Arrangement – dated November 29, 2011PDF · Subscribers
Timetable for Companies’ Creditors Arrangement Act Proceeding (“CCAA”) – dated November 29, 2011PDF · Subscribers
Motion Record – dated November 25, 2011
  • Counsel Fraser Milner Casgrain LLP
PDF · Subscribers
Second Report of the Monitor – dated November 25, 2011PDF · Subscribers
First Report of the Monitor – dated September 27, 2011PDF · Subscribers
To the Creditors of Olympus United Funds Corporation (OUFC) – dated September 23, 2011PDF · Subscribers
Motion Record and Sixteenth Report of the Receiver – dated September 19, 2011PDF · Subscribers
Initial Order – OUFC – CCAA – dated September 7, 2011
  • Applicant Olympus United Funds Corporation / Corporation de Fonds Unis Olympus, by its Receiver, RSM Richter Inc.
  • Appointee RSM Richter Inc.
  • Appointee role Monitor
  • Commencement date 7 September 2011
  • + 4 more extracted facts
PDF · Subscribers
Application Record-OUFC-CCAA – dated August 31, 2011PDF · Subscribers
Sixteenth Report of the Receiver – dated August 19, 2011PDF · Subscribers
Fifteenth Report of the Receiver – dated July 28, 2011PDF · Subscribers
Notice to Creditors who filed Claims after the March 31, 2010 Claims Bar Date – dated December 8, 2011
  • Recovery outcome Entries: per estimated; per plan · Stated on: 2011-12-08 · Table missing:
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Proof of Claim form – dated January 15, 2010PDF · Subscribers
Claims Process Order – dated January 5, 2010
  • Presiding officer Justice C.L. Campbell
PDF · Subscribers
Independent Counsel Appointment Order – dated January 5, 2010
  • Applicant ONTARIO SECURITIES COMMISSION
  • Commencement date 5 January 2010
  • Counsel ThorntonGroutFinnigan LLP
  • Court ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • + 2 more extracted facts
PDF · Subscribers
Order – Approval of Thirteenth Report – dated January 5, 2010
  • Counsel ThorntonGroutFinnigan LLP
  • Presiding officer Justice C.L. Campbell
PDF · Subscribers
Schedules to the Thirteenth Report of the Receiver – dated December 17, 2009PDF · Subscribers
Thirteenth Report of the Receiver – dated December 17, 2009PDF · Subscribers
Order of Justice Colin Campbell of Ontario Superior Court of Justice – Information Protocol – dated July 23, 2007
  • Counsel ThorntonGroutFinnigan LLP
  • Presiding officer Justice Colin
PDF · Subscribers
Eighth Report of the Receiver – dated July 17, 2007PDF · Subscribers
Sixth Report of the Receiver and Exhibits – dated March 6, 2007PDF · Subscribers
Notice – dated December 22, 2006PDF · Subscribers
Newsletter – dated July 31, 2006PDF · Subscribers
Fourth Report of the Receiver – dated May 30, 2006PDF · Subscribers
Newsletter – dated May 5, 2006PDF · Subscribers
Presentation – Investors Information Meeting – dated February 21, 2006PDF · Subscribers
Order – dated February 7, 2006
  • Counsel ThorntonGroutFinnigan LLP
  • Presiding officer Justice C.L. Campbell
PDF · Subscribers
Representative Counsel Order – dated February 7, 2006
  • Counsel ThorntonGroutFinnigan LLP
  • Presiding officer Justice C.L. Campbell
PDF · Subscribers
Third Report of the Receiver – dated February 2, 2006PDF · Subscribers
Letter to all Norshield/Olympus Group Retail Investors – dated January 27, 2006PDF · Subscribers
Notice (in French only) – dated November 17, 2005PDF · Subscribers
Schedules – dated November 17, 2005PDF · Subscribers
Second Report of the Receiver – dated November 15, 2005
  • Recovery outcome Entries: per unstated · Stated on: 2005-11-15 · Table missing: 93. In view of the Norshield Companies and Olympus Univest investment structures as described in the previous section, this section has been divided into the following sub-sections:
PDF · Subscribers
Notice – dated October 28, 2005PDF · Subscribers
Order of Justice Colin Campbell of Ontario Superior Court of Justice – dated October 14, 2005
  • Presiding officer Justice Colin
PDF · Subscribers
Order of Justice William Chandler of High Court of Justice of Barbados – dated September 22, 2005
  • Presiding officer Justice William Chandler
PDF · Subscribers
Judgment of Justice Paul G.Chaput of Quebec Superior Court – dated September 16, 2005
  • Presiding officer Justice Paul G. Chaput
PDF · Subscribers
Order of Justice Colin Campbell of Ontario Superior Court of Justice – dated September 9, 2005
  • Presiding officer Justice Colin
PDF · Subscribers
Endorsement of Justice Colin Campbell of Ontario Superior Court of Justice – dated July 14, 2005
  • Presiding officer Justice Colin
PDF · Subscribers
Order of Justice Colin Campbell of Ontario Superior Court of Justice – dated July 14, 2005
  • Presiding officer Justice Colin
PDF · Subscribers
Summarized Version of the First Report of the Receiver – dated July 12, 2005
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Judgment of Justice Jean Guibault of Quebec Superior Court – dated June 30, 2005
  • Presiding officer Justice Jean Guibault
PDF · Subscribers
Form – Proof of Investment in Olympus United Funds Corporation/Corporation de Fonds Unis Olympus (“OUFC”) as of June 29, 2005 – dated January 15, 2010PDF · Subscribers
Initial Order of Justice Colin Campbell of Ontario Superior Court of Justice – dated June 29, 2005
  • Applicant Ontario Securities Commission
  • Appointee RSM Richter Inc.
  • Appointee role receiver
  • Commencement date 29 June 2005
  • + 6 more extracted facts
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., “Norshield” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/norshield

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Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/norshield

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.