Alberta · Receivership (court-appointed)

Application - Sale Approval and Vesting Order (Kuwait JV)

Application / notice of application · 20 March 2024

A plain-language read of this filing opens with a subscription.

What we verified from this filing2 verified

presiding officerJustice B. Johnston
recovery outcomeentries: basis: unstated · quote: In addition, the Kuwait JV Transaction provides for the ultimate return of the letters of credit issued by HSBC Bank Canada and Bank of Montreal on QSI's behalf in respect of the Kuwait JV, mitigating further losses to the Q'Max Group's lenders in circumstances where those lenders are already facing a significant shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Q'Max Group's lenders · interim final: unstated · claims qualifier: unstated · table missing: