Ontario · CCAA
Thirty-Sixth Report of the Monitor dated May 3, 2021
Court officer report · 3 May 2021
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- cash on handnote: Ending Cash Balance per Confidential Appendix B (stated in US$000s as 102,124); excludes securities received from the Initial Payment and securities purchased by the Applicant. The narrative sentence giving the balance is garbled in the source text. · as at: 2021-03-31 · amount: 102124000 · currency: USD
- disbursementsnote: Total Disbursements (actual, US$000s: 5,888) for the Oct 2020 to Mar 2021 period, versus forecast of 11,022; favourable variance primarily due to lower than forecast Arbitration and CCAA costs. · since: 2020-10-01 · amount: 5888000 · currency: USD
- operational summaryCrystallex, whose sole activity is pursuing enforcement of its US$1.202 billion arbitration Award against Venezuela, remains under CCAA protection, is seeking a stay extension to November 5, 2021, and is funded by DIP financing with projected sufficient liquidity through that date.
- receipts cumulativenote: Total Receipts (actual, US$000s: 752) for the Oct 2020 to Mar 2021 period; all of it Other Receipts (interest, tax refunds, FX); no Venezuela receipts. Forecast for the period was 90. · since: 2020-10-01 · amount: 752000 · currency: USD
- report date3 May 2021
- report noThirty-Sixth Report of the Monitor