Ontario · Receivership (court-appointed)
Joint Report of the Receiver and Monitor – dated October 21, 2025
Court officer report · 21 October 2025
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 filing1 verified
- recovery outcomeentries: basis: actual · quote: The distribution of the Settlement Amount to Proven Creditors amounted to approximately 6.5 cents on the dollar of the Proven Claims. · pct of: unstated · outcome: distribution · pct low: 6.5 · pct high: 6.5 · class key: unsecured · stated by: monitor · class label: Proven Creditors · interim final: unstated · cents on dollar: 6.5 · claims qualifier: unstated; basis: estimated · quote: However, since that timing remains uncertain, the Receiver and the Monitor are taking the steps necessary, in conjunction with Richter as the sole remaining Joint Custodian (the ' Remaining Joint Custodian '), to carry out an interim distribution as soon as possible of approximately $3 million from the funds on hand in the Receivership Proceeding. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: receiver · amount low: 3000000 · cumulative: false · amount high: 3000000 · class label: Proven Creditors · interim final: interim · conditional on: approval of the Barbados Court to distribute OUBT Proceeds · currency quote: all dollar amounts contained in the Joint Report are expressed in Canadian currency · claims qualifier: unstated · stated on: 2025-10-21 · table missing: