Ontario · Receivership (court-appointed)
Motion Record of the Trustee dated April 26, 2024
Application / notice of application · 26 April 2024
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: The average hourly rate over the Period is $596.15. · approval: state: unstated · averages: rate: 596 · quote: The average hourly rate for the Receiver/Trustee and Davies during the referenced billing period was $596 and $798, respectively. · scope: Receiver/Trustee; rate: 596.15 · quote: The average hourly rate over the Period is $596.15. · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV '), formerly the Court-appointed receiver (the ' Receiver ') of all the assets, undertakings and properties of Vert Infrastructure Limited (the ' Company ') and currently acting in its capacity as the Court-appointed trustee of the Vert Residual Asset Trust (the ' Trust ') · context quote: currently acting in its capacity as the Court-appointed trustee of the Vert Residual Asset Trust (the ' Trust '); form: time_summary · rows: Schwill · money: fees: quote: Total Fees from Exhibit 'A' $184,302.50 · amount: 184302.5 · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 798 · quote: The average hourly rate for the Receiver/Trustee and Davies during the referenced billing period was $596 and $798, respectively. · scope: Davies; rate: 798 · quote: Average Blended Hourly Rate (rounded to the nearest dollar) $798.00 · scope: rounded to the nearest dollar · currency: · invoices: · firm text: Davies Ward Phillips & Vineberg LLP · firm quote: DAVIES WARD PHILLIPS & VINEBERG LLP · hours total: quote: Total Hours 230.9 · value: 230.9 · context quote: Lawyers for KSV Restructuring Inc., Trustee of the Vert Residual Asset Trust
- recovery outcomeentries: basis: estimated · quote: The Secured Lenders will suffer a material shortfall on their advances to the Company in an amount in excess of $3 million. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated · shortfall amount: 3000000 · stated on: 2024-04-24 · table missing: