Quebec · CCAA
Thirty-Sixth Report of the Monitor – dated June 10, 2022
Court officer report · 10 June 2022
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 filing5 verified
- cash on handnote: Described as the Undistributed Funds held by the Monitor: interest earned on the funds for distribution, reserves for litigious claims in the Chapter 11, and the Administration Charge of the Professionals. · amount: 15300000 · currency: CAD · qualifier: approximately
- operational summaryThe Monitor paid the remaining government funds (about $98.5 million) in December 2021 and still holds about $15.3 million of undistributed funds, to be distributed at the end of the proceedings. The stay extension to December 16, 2022 is sought to pursue the litigious claims against Canadian Pacific Railway in the Chapter 11.
- professional feesnote: Total incl. sales taxes ($88,601 fees/disbursements + $13,263 sales taxes). Richter $88,244, Woods $4,410, Gowling WLG $9,211, each incl. taxes. Balance of Administration Charge to complete the CCAA: $277,264 incl. taxes ($240,818 before taxes); Monitor and its counsel also retain a $150,000 retainer to be applied to final invoices. · party: Canadian Professionals (Richter, Woods, Gowling WLG) · amount: 101865 · period: December 1, 2021 to May 31, 2022 · currency: CAD
- report date10 June 2022
- report noThirty-Sixth Report of the Monitor