Alberta · Receivership (court-appointed)
Application - Sale Approval and Vesting Order (Kuwait JV)
Application / notice of application · 20 March 2024
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 filing2 verified · 1 withheld
- 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:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.