Open Hydro Technology Canada Ltd.
Follow- 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
4 earlier updates, back to 24 September 2018 — subscribers.
Debtor
Open Hydro Technology Canada Ltd.
Monitor
Doane Grant Thornton
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorDP World Saint John Inc | Jakub Vodsedalek Bernard LLP · H. Peter Swanson Bernard LLP | 23 Oct 2018 | Application · 1 Apr 2019 |
| CreditorSand & Sea Dive Shop Inc | Burchell MacDougall 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 |
2 engagements · 2 firms — latest: Grant Thornton Limited, 1 Nov 2018 – 31 May 2019Second Report of the Monitor dated June 6, 2019.pdf · 6 Jun 2019
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cox & Palmercapacity not stated | 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 |
| 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 20 September 2026, https://proceedings.ca/case/open-hydro-technology-canada-ltd