British Columbia · CCAA
The purpose of this eighth report of the Monitor (the “Eighth Report”) is to provide the Supreme Court of British Columbia with information pertaining to, inter alia: a) condensed background information in respect of the Petitioners and the Group; b) the Solicitation Process and the asset purchase agreement (the “Distributel APA”) dated June 30, 2017 between the Monitor and 10276375 Canada Inc. (“102”), an affiliate of the Distributel Group of Companies (“Distributel”); c) a confidential supplemental report (the “Confidential Supplement”) that the Monitor will file prior to the hearing date for approval of the Distributel APA (the “Sale Approval and Vesting Order Application”); d) the transactions with United American Corp.; e) the intellectual property owned by the Group; f) the customer billing system; g) information provided to CRA in accordance with the order granted on June 28, 2017; h) the Monitor and its legal counsel’s fees and disbursement; i) the Monitor’s ninth report that will be filed in support of an extension of the stay of proceedings; and j) the Monitor’s recommendations
Court officer report · 7 July 2017
What we verified from this filing4 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: Taxes · quote: 40,881 · amount: 40881 · fees: quote: 790,131 · amount: 790131 · total: quote: 858,497 · amount: 858497 · includes tax: true · includes disbursements: true · approximate: true · disbursements: quote: 27,486 · amount: 27486 · period: end: 2017-06-02 · kind: interim · quote: The Monitor's fees and disbursements for the period from December 21, 2016 to June 2, 2017 are summarized at Appendix 'V' . · start: 2016-12-21 · approval: state: unstated · averages: · currency: · invoices: tax: 2730 · date: 2017-01-06 · fees: 52000 · quote: CA12C500001199 | January-06-17 | December 21-30, 2016 | 52,000 | 2,600 | 54,600 | 2,730 | 57,330 | 127 · total: 57330 · period end: 2016-12-30 · period start: 2016-12-21 · disbursements: 2600; tax: 2518 · date: 2017-01-25 · fees: 47717 · quote: CA12C500001268 | January-25-17 | January 2-6, 2017 | 47,717 | 2,651 | 50,368 | 2,518 | 52,886 | 120 · total: 52886 · period end: 2017-01-06 · period start: 2017-01-02 · disbursements: 2651; tax: 2537 · date: 2017-02-10 · fees: 48319 · quote: CA12C500001339 | February-10-17 | January 7-3, 2017 | 48,319 | 2,416 | 50,734 | 2,537 | 53,271 | 125 · total: 53271 · disbursements: 2416; tax: 8205 · date: 2017-02-22 · fees: 155885 · quote: CA12C500001358 | February-22-17 | January 14 - February 17, 2017 | 155,885 | 8,205 | 164,090 | 8,205 | 172,294 | 391 · total: 172294 · period end: 2017-02-17 · period start: 2017-01-14 · disbursements: 8205; tax: 2061 · date: 2017-02-22 · fees: 41218 · quote: CA12C500001359 | February-22-17 | December 21 - February 17, 2017 | 41,218 | 0 | 41,218 | 2,061 | 43,278 | 192 · total: 43278 · period end: 2017-02-17 · period start: 2016-12-21 · disbursements: 0; tax: 2615 · date: 2017-03-07 · fees: 52311 · quote: CA12C500001408 | March-07-17 | February 18 - March 3, 2017 | 52,311 | 0 | 52,311 | 2,615 | 54,926 | 127 · total: 54926 · period end: 2017-03-03 · period start: 2017-02-18 · disbursements: 0; tax: 7054 · date: 2017-04-21 · fees: 135539 · quote: CA12C500001559 | April-21-17 | March 4 - March 31, 2017 | 135,539 | 5,544 | 141,083 | 7,054 | 148,137 | 302 · total: 148137 · period end: 2017-03-31 · period start: 2017-03-04 · disbursements: 5544; tax: 6852 · date: 2017-05-17 · fees: 134882 · quote: CA12C500001630 | May-17-17 | April 1 - April 28, 2017 | 134,882 | 2,156 | 137,038 | 6,852 | 143,890 | 291 · total: 143890 · period end: 2017-04-28 · period start: 2017-04-01 · disbursements: 2156; tax: 6309 · date: 2017-06-07 · fees: 122261 · quote: CA12C500001708 | June-07-17 | April 29 - June 2, 2017 | 122,261 | 3,914 | 126,175 | 6,309 | 132,484 | 288 · total: 132484 · period end: 2017-06-02 · period start: 2017-04-29 · disbursements: 3914 · firm text: Ernst & Young Inc. · firm quote: Ernst & Young Inc. · hours total: quote: 1,963 · value: 1963 · context quote: The Monitor's fees and disbursements for the period from December 21, 2016 to June 2, 2017 are summarized at Appendix 'V' . · comparability quote: The Monitor's fees are consistent with the fees charged by similar firms in British Columbia with the capacity to handle a file of comparable size and complexity.; form: invoice_listing · rows: · money: tax: label: Taxes · quote: 5,000 · amount: 5000 · fees: quote: 100,000 · amount: 100000 · total: quote: 105,000 · amount: 105000 · includes tax: true · approximate: false · period: kind: invoice · label: SISP · approval: state: unstated · averages: · currency: · invoices: tax: 1000 · date: 2017-02-01 · fees: 20000 · quote: CA12C500001294 | February-01-17 | January 2017 SISP | 20,000 | 1,000 | 21,000 · total: 21000; tax: 1000 · date: 2017-03-02 · fees: 20000 · quote: CA12C500001382 | March-02-17 | February 2017 SISP | 20,000 | 1,000 | 21,000 · total: 21000; tax: 1000 · date: 2017-04-03 · fees: 20000 · quote: CA12C500001494 | April-03-17 | March 2017 SISP | 20,000 | 1,000 | 21,000 · total: 21000; tax: 1000 · date: 2017-05-17 · fees: 20000 · quote: CA12C500001631 | May-17-17 | April 2017 SISP | 20,000 | 1,000 | 21,000 · total: 21000; tax: 1000 · date: 2017-06-07 · fees: 20000 · quote: CA12C500001709 | June-07-17 | May 2017 SISP | 20,000 | 1,000 | 21,000 · total: 21000 · firm text: Ernst & Young Inc. · firm quote: Ernst & Young Inc. · context quote: The Monitor's fees and disbursements for the period from December 21, 2016 to June 2, 2017 are summarized at Appendix 'V' .; form: invoice_listing · rows: · money: tax: label: Taxes · quote: 24,832 · amount: 24832 · fees: quote: 206,436 · amount: 206436 · total: quote: 232,548 · amount: 232548 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 1,280 · amount: 1280 · period: end: 2017-05-30 · kind: interim · quote: The fees and disbursements of the Monitor's legal counsel from December 21, 2016 to May 30, 2017 are summarized in Appendix 'T' . · start: 2016-12-21 · approval: state: unstated · averages: · currency: · invoices: tax: 257 · date: 2016-12-31 · fees: 2138 · quote: 2889946 | December-31-16 | December 2016 | 2,138 | 0 | 2,138 | 257 | 2,394 | 4 · total: 2394 · disbursements: 0; tax: 5036 · date: 2017-01-31 · fees: 41960 · quote: 2894808 | January-31-17 | January 2017 | 41,960 | 17 | 41,977 | 5,036 | 47,012 | 68 · total: 47012 · disbursements: 17; tax: 4198 · date: 2017-03-07 · fees: 34878 · quote: 2901300 | March-07-17 | February 2017 | 34,878 | 330 | 35,208 | 4,198 | 39,405 | 51 · total: 39405 · disbursements: 330; tax: 6519 · date: 2017-03-31 · fees: 54312 · quote: 2906456 | March-31-17 | March 2017 | 54,312 | 29 | 54,341 | 6,519 | 60,860 | 88 · total: 60860 · disbursements: 29; tax: 4110 · date: 2017-04-10 · fees: 34222 · quote: 2913558 | April-10-17 | April 2017 | 34,222 | 68 | 34,290 | 4,110 | 38,400 | 57 · total: 38400 · disbursements: 68; tax: 4713 · date: 2017-06-16 · fees: 38927 · quote: 2920882 | June-16-17 | May 2017 | 38,927 | 836 | 39,763 | 4,713 | 44,476 | 79 · total: 44476 · disbursements: 836 · firm text: McCarthy LLP · firm quote: McCarthy LLP · hours total: quote: 347 · value: 347 · context quote: The fees and disbursements of the Monitor's legal counsel from December 21, 2016 to May 30, 2017 are summarized in Appendix 'T' .
- process resultslois: 7 · ndas: 36 · note: Phase one LOIs and NDA count from Solicitation Process
- purchaser10276375 Canada Inc.; United American Corp.
- sale outcometext: Monitor recommends the Court grant the Proposed Vesting Order approving the Distributel APA; closing anticipated before August 15, 2017 · scope: whole_business · status: pending_approval