Ontario · CCAA
UNREDACTED 2026 - 37th Report of the Monitor
Court officer report · 1 July 2026
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 filing4 verified
- operational summaryCrystallex's sole business is enforcing its roughly US$1.4 billion arbitration Award against Venezuela, now principally through the Writ over the PDVH Shares and the pending Citgo sale process. Because of OFAC sanctions it cannot yet monetize the Initial Payment Securities or execute on the PDVH Shares without a license.
- recovery outcomeentries: basis: unstated · quote: Importantly, it demonstrates to the Noteholders that the Applicant has insufficient funds to make any distributions to creditors in the near future and until receipt of additional recoveries in respect of the Award which was one of · pct of: unstated · outcome: nil · stated by: monitor · class label: creditors · interim final: unstated · conditional on: until receipt of additional recoveries in respect of the Award · claims qualifier: unstated; basis: unstated · quote: The Monitor does not anticipate the Applicant taking any major steps in the CCAA proceeding in the next 6 months as there are insufficient funds to make any distributions or payments other than in respect of professional fees. · pct of: unstated · outcome: nil · stated by: monitor · class label: creditors · interim final: unstated · conditional on: in the next 6 months as there are insufficient funds to make any distributions or payments other than in respect of professional fees · claims qualifier: unstated · stated on: 2021-09-03 · table missing:
- report date3 September 2021
- report noThirty-Seventh Report