Open Hydro Technology Canada Ltd.
- Proceeding
- CCAASection 50.4(7)(b)(ii) and 50.4(9) of the Bankruptcy and Insolvency Act
- File
- 24615
Open Hydro Technology Canada Ltd. commenced CCAA proceedings in the Supreme Court of Nova Scotia on April 1, 2019, with Grant Thornton Limited acting as Monitor. The application relied on sections 11.6, 11.2, 11.52(1) and 23 of the Companies Creditors Arrangement Act, and sections 50.4(9), 50.6 and 64.2 of the Bankruptcy and Insolvency Act. A list of creditors with claims of $250 or more, compiled as of the company's Notice of Intention filing, includes Atlantic Towing (Irving Group) for $1,470,201.00, BBC Chartering for $875,477.00, RMI Marine Limited for $444,720.00, Seaforth Geosurveys for $422,844.00 and Irving Equipment, also part of the Irving Group, for $594,679.00.
Open Hydro Technology Canada Ltd. filed its application commencing CCAA proceedings on April 1, 2019.
The officer filed report no. First Report of the Monitor. OpenHydro is conducting a managed wind-down of its affairs under CCAA protection, pursuing a sale of the Scotia Tide barge, working to recover its turbine from the seabed, and pursuing tax credit claims, while relying on DIP financing to fund limited ongoing operations.
Source: First Report of the Monitor dated November 28, 2018.pdf
The officer filed report no. First Report of Trustee / Preliminary Report of the Proposed Monitor. OpenHydro has ceased operations at the FORCE demonstration site following the insolvency of its parent OHT, has no revenue sources, and intends an orderly wind-down including turbine retrieval, environmental compliance, and a sale process for its marine vessel, the Scotia Tide. Court file 24615.
Source: First Report of Trustee and Preliminary Report of the Proposed Monitor – October 23, 2018.pdf
Debtor
Open Hydro Technology Canada Ltd.
Monitor
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorAtlantic Towing Ltd Remorquage | Stewart McKelvey | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorCustom Fabricators & Machinist | Stewart McKelvey | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorDP World Saint John Inc | Jakub Vodsedalek Bernard LLP · H. Peter Swanson Bernard LLP | 23 Oct 2018 | Application · 1 Apr 2019 |
| CreditorJamac Painting and Sandblasting Ltd | Patterson Law | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorJD Irving | Stewart McKelvey | 1 Apr 2019 | Application · 1 Apr 2019 |
| CreditorPort of Saint John | Stewart McKelvey | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorSancton Access Inc | Stewart McKelvey | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorSand & Sea Dive Shop Inc | Burchell MacDougall LLP | 23 Oct 2018 | Application · 23 Oct 2018 |
| CreditorSeaforth Geosurveys Incorporated | BoyneClarke LLP | 23 Oct 2018 | Application · 23 Oct 2018 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Atlantic Towing (Irving Group)as of NOI filing date — debtor: Open Hydro Technology Canada Ltd. | $1.47M | NOI and List of Creditors.pdf |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
44 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 engagements · 2 firms — latest: Grant Thornton Limited, 1 Nov 2018 – 31 May 2019, incl. taxSecond Report of the Monitor dated June 6, 2019.pdf · 6 Jun 2019
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cox & PalmerCounsel | 6 Nov 2018 – 29 Apr 2019 | — | not stated | Second Report of the Monitor dated June 6, 2019.pdf · 6 Jun 2019 | |
| Grant Thornton LimitedMonitor | 1 Nov 2018 – 31 May 2019 | — | not stated | Second Report of the Monitor dated June 6, 2019.pdf · 6 Jun 2019 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Second Report of the Monitor dated June 6, 2019.pdf
| PDF · Subscribers | |
Notice of Motion - April 1, 2019.pdf
| PDF · Subscribers | |
First Report of the Monitor dated November 28, 2018.pdf
| PDF · Subscribers | |
CCAA - Notice to Creditors.pdf
| PDF · Subscribers | |
First Report of Trustee and Preliminary Report of the Proposed Monitor – October 23, 2018.pdf
| PDF · Subscribers | |
Notice of Motion - October 23, 2018.pdf
| PDF · Subscribers | |
NOI and List of Creditors.pdf
| 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., “Open Hydro Technology Canada Ltd.” (CCAA), Supreme Court of Nova Scotia. Retrieved 5 November 2026, https://proceedings.ca/case/open-hydro-technology-canada-ltd