Ontario · CCAA
Fortieth Report of the Monitor, dated December 6, 2022
Court officer report · 6 December 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 filing6 verified
- cash on handnote: Ending cash balance per the variance statement ($000: 81,361); opening cash balance in the projection includes cash on hand net of outstanding cheques as at September 30, 2022. · as at: 2022-09-30 · amount: 81361000 · currency: USD · qualifier: net of outstanding cheques
- disbursementsnote: Actual Total Disbursements for Oct 1, 2021 to Sep 30, 2022 ($000: 14,344), comprising General Corporate Expenses 2,142 and Arbitration and CCAA Costs 12,201 (components as rounded in the source). · since: October 1, 2021 · amount: 14344000 · currency: USD
- operational summaryCrystallex is a CCAA applicant with no operations, focused on enforcing its US$1.2 billion arbitration Award against Venezuela, including a US court-supervised sale process of the PDVH shares, and is funded by DIP financing; it does not expect to make distributions to stakeholders over the next 12 months.
- receipts cumulativenote: Total Receipts for Oct 1, 2021 to Sep 30, 2022 (actual, $000: 500), mainly interest earned on term deposits and securities; the Oct 1, 2021-Mar 31, 2022 period alone was (33) and Apr 1-Sep 30, 2022 was 533. · since: October 1, 2021 · amount: 500000 · currency: USD
- report date6 December 2022
- report noFortieth Report