Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated July 12, 2024
Application / notice of application · 12 July 2024
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What we verified from this filing5 verified
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noCV-23-00703958-00CL
- provinceONTARIO
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 533.65 · quote: The average hourly rate of Aird & Berlis LLP is $533.65. · scope: Aird & Berlis LLP · currency: · invoices: date: 2024-05-16 · quote: an account dated May 16, 2024 in the amount of $483.08 in respect of the period from April 1, 2024 to April 30, 2024 · total: 483.08 · period end: 2024-04-30 · period start: 2024-04-01; date: 2024-06-19 · quote: an account dated June 19, 2024 in the amount of $706.82 in respect of the period from May 1, 2024 to May 31, 2024 · total: 706.82 · period end: 2024-05-31 · period start: 2024-05-01; date: 2024-06-30 · quote: an account dated June 30, 2024 in the amount of $2,041.91 in respect of the period from June 1, 2024 to June 30, 2024 · total: 2041.91 · period end: 2024-06-30 · period start: 2024-06-01 · firm text: Aird & Berlis LLP · firm quote: Lawyers for KSV Restructuring Inc. · context quote: The average hourly rate of Aird & Berlis LLP is $533.65.; form: report_table · rows: · money: approximate: false · period: end: 2024-06-30 · kind: unstated · quote: FOR PROFESSIONAL SERVICES RENDERED on your behalf throughout the period ending June 30, 2024 · approval: state: unstated · averages: rate: 598.89 · quote: Average hourly rate | col8: $598.89 · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV '), in its capacity as the Court-appointed receiver · context quote: KSV Restructuring Inc. (' KSV '), in its capacity as the Court-appointed receiver (in such capacity, the ' Receiver '), without security, of all the assets, undertakings and properties
- recovery outcomeentries: basis: estimated · quote: If DeA and Illimity advise the Receiver that they have recovered in full their advances to Util Italy, which the Receiver understands to be remote, the Receiver will report to Court at that time as the Company may be entitled to subrogate to DeA in respect of its advances to Util Italy, resulting, potentially, in funds being available to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Company's unsecured creditors · claims amount: 33000000 · interim final: unstated · conditional on: If DeA and Illimity advise the Receiver that they have recovered in full their advances to Util Italy, which the Receiver understands to be remote, the Receiver will report to Court at that time as the Company may be entitled to subrogate to DeA in respect of its advances to Util Italy, resulting, potentially, in funds being available to the Company's unsecured creditors · claims qualifier: listed · stated on: 2024-07-09 · table missing: