Newfoundland and Labrador · Receivership (court-appointed)
First Report dated September 16, 2022
Court officer report · 16 September 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: James Foran; Phil Reynolds; Kurt Macleod; Colleen O'Brien; Ian Lewis; Beverly Gallagher; Denise Lee · money: tax: label: HST · quote: 15,535.57 · amount: 15535.57 · fees: quote: 115,904.50 · amount: 115904.5 · total: quote: giving rise to fees and disbursements totalling $135,039.97, including HST. · amount: 135039.97 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 3,599.90 · amount: 3599.9 · period: end: 2022-07-29 · kind: invoice · quote: Attached hereto and marked as Exhibit ' A ' is a copy of the three interim invoices rendered by the Receiver in respect of the period from March 25 to July 29, 2022. · start: 2022-03-25 · approval: state: unstated · averages: rate: 450.99 · quote: 450.99 · currency: · invoices: tax: 6306.14 · fees: 46622 · quote: #8002640344 | March 25 to April 29, 2022 · total: 54814.9 · period end: 2022-04-29 · average rate: 408.25 · period start: 2022-03-25 · disbursements: 1886.76; tax: 6363.58 · fees: 47237.5 · quote: #8002766241 | May 2 to June 30, 2022 · total: 55314.22 · period end: 2022-06-30 · average rate: 494.63 · period start: 2022-05-02 · disbursements: 1713.14; tax: 2865.85 · fees: 22045 · quote: #8002852957 | July 4 to July 29, 2022 · total: 24910.85 · period end: 2022-07-29 · average rate: 466.07 · period start: 2022-07-04 · firm text: Deloitte Restructuring Inc. · firm quote: FIRST REPORT OF DELOITTE RESTRUCTURING INC. IN ITS CAPACITY AS RECEIVER OF CANADA FLUORSPAR (NL) INC. · hours total: quote: 257.0 · value: 257 · context quote: Deloitte was appointed receiver of Canada Fluorspar (NL) Inc. in the within proceedings (the ' Receiver ').; form: time_summary · rows: James Foran; Phil Reynolds; Kurt Macleod; Colleen O'Brien; Ian Lewis; Beverly Gallagher; Denise Lee · money: fees: quote: 46,622.00 · amount: 46622 · approximate: false · disbursements: quote: 1,886.76 · amount: 1886.76 · period: end: 2022-04-29 · kind: invoice · quote: For the period from March 25 to April 29, 2022 · start: 2022-03-25 · approval: state: unstated · averages: · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: FIRST REPORT OF DELOITTE RESTRUCTURING INC. IN ITS CAPACITY AS RECEIVER OF CANADA FLUORSPAR (NL) INC. · hours total: quote: 114.20 · value: 114.2 · context quote: Deloitte was appointed receiver of Canada Fluorspar (NL) Inc. in the within proceedings (the ' Receiver ').; form: time_summary · rows: James Foran; Kurt Macleod · money: fees: quote: 47,237.50 · amount: 47237.5 · approximate: false · disbursements: quote: 1,713.14 · amount: 1713.14 · period: end: 2022-06-30 · kind: invoice · quote: For the period from May 2 to June 30, 2022 · start: 2022-05-02 · approval: state: unstated · averages: · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: FIRST REPORT OF DELOITTE RESTRUCTURING INC. IN ITS CAPACITY AS RECEIVER OF CANADA FLUORSPAR (NL) INC. · hours total: quote: 95.50 · value: 95.5 · context quote: Deloitte was appointed receiver of Canada Fluorspar (NL) Inc. in the within proceedings (the ' Receiver ').; form: time_summary · rows: James Foran; Phil Reynolds; Kurt Macleod; Colleen O'Brien; Ian Lewis · money: fees: quote: 22,045.00 $ · amount: 22045 · approximate: false · period: end: 2022-07-29 · kind: invoice · quote: For the period from July 4 to July 29, 2022 · start: 2022-07-04 · approval: state: unstated · averages: · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: FIRST REPORT OF DELOITTE RESTRUCTURING INC. IN ITS CAPACITY AS RECEIVER OF CANADA FLUORSPAR (NL) INC. · hours total: quote: 47.30 · value: 47.3 · context quote: Deloitte was appointed receiver of Canada Fluorspar (NL) Inc. in the within proceedings (the ' Receiver ').; form: invoice_listing · rows: Dennis Wiebe; Robert Kennedy; John Regush; Daniel Loberto; Annette Fournier · money: tax: label: Taxes(HST) · quote: $34,800.00 · amount: 34800 · fees: quote: $244,696.00 · amount: 244696 · total: quote: $266,800.00 · amount: 266800 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $ 0.00 · amount: 0 · period: end: 2022-07-31 · kind: cumulative · label: The Period · quote: EXHIBIT 'B' Summary of Invoices and Calculation of Average Hourly Billing Rates of Dentons Canada LLP The Period from March 27, 2022 to July 31, 2022 · start: 2022-03-27 · approval: state: unstated · averages: rate: 652.92 · quote: $ 652.92 · currency: code: CAD · quote: TOTAL AMOUNT DUE $ 89,700.00 CAD · invoices: tax: 11700 · date: 2022-04-30 · fees: 83014.5 · quote: April 30, 2022 | 3669247 | 83,014.50 | -5,014.50 | 0.00 | 11,700.00 | 114.6 | 611.25 · total: 89700 · average rate: 611.25 · disbursements: 0; tax: 16500 · date: 2022-06-30 · fees: 114374.5 · quote: June 30, 2022 | 3684215 | 114,374.50 | -4,374.50 | 0.00 | 16,500.00 | 158.1 | 657.50 · total: 126500 · average rate: 657.5 · disbursements: 0; tax: 6600 · date: 2022-07-31 · fees: 47307 · quote: July 31, 2022 | 369-819 | 47,307.00 | -3,307.00 | 0.00 | 6,600.00 | 64.4 | 690 · total: 50600 · average rate: 690 · disbursements: 0 · firm text: Dentons Canada LLP · firm quote: Summary of Invoices and Calculation of Average Hourly Billing Rates of Dentons Canada LLP · hours total: quote: 337.1 · value: 337.1 · context quote: call with Rob Kennedy of Dentons · discount note: text: Less: Discount applied to fees on each invoice · quote: Less: Discount; form: time_summary · rows: Annette Fournier; Daniel Loberto; Dennis Wiebe; Robert Kennedy · money: tax: label: HST (15.0%) on Professional Fees of $78,000.00 · quote: $ 11,700.00 · amount: 11700 · fees: quote: $ 83,014.50 · amount: 83014.5 · total: quote: TOTAL AMOUNT DUE $ 89,700.00 CAD · amount: 89700 · includes tax: true · approximate: false · period: kind: invoice · quote: Date | June 30, 2022 · approval: state: unstated · averages: · currency: code: CAD · quote: $ 89,700.00 CAD · invoices: · firm text: Dentons Canada LLP · firm quote: Deloitte Restructuring Inc. Re: Canada Fluorspar (NL) Inc. · hours total: quote: 114.6 · value: 114.6 · context quote: call with Rob Kennedy of Dentons · discount note: text: Less: Discount · quote: Less: Discount (5,014.50); form: time_summary · rows: Daniel Loberto; Dennis Wiebe; John Regush; Robert Kennedy · money: tax: label: HST (15.0%) on Professional · quote: $ 16,500.00 · amount: 16500 · fees: quote: $ 114,374.50 · amount: 114374.5 · total: quote: TOTAL AMOUNT DUE $ 126,500.00 CAD · amount: 126500 · includes tax: true · approximate: false · period: end: 2022-06-30 · kind: invoice · quote: DENTONS CANADA LLP INVOICE 3684215 · approval: state: unstated · averages: · currency: code: CAD · quote: $ 126,500.00 CAD · invoices: · firm text: Dentons Canada LLP · firm quote: DENTONS CANADA LLP INVOICE 3684215 Deloitte Restructuring Inc. · hours total: quote: 158.1 · value: 158.1 · context quote: call with Rob Kennedy of Dentons · discount note: text: Less: Discount · quote: Less: Discount (4,374.50); form: time_summary · rows: Daniel Loberto; Dennis Wiebe; Robert Kennedy · money: tax: label: HST (15.0%) on Professional Fees of $44,000.00 · quote: $ 6,600.00 · amount: 6600 · fees: quote: $ 47,307.00 · amount: 47307 · total: quote: TOTAL AMOUNT DUE $ 50,600.00 CAD · amount: 50600 · includes tax: true · approximate: false · period: end: 2022-07-31 · kind: invoice · quote: Date July 31, 2022 · approval: state: unstated · averages: · currency: code: CAD · quote: $ 50,600.00 CAD · invoices: · firm text: Dentons Canada LLP · firm quote: INVOICE # 3690819 · hours total: quote: 64.4 · value: 64.4 · context quote: call with Rob Kennedy of Dentons · discount note: text: Less: Discount · quote: Less: Discount (3,307.00)
- recovery outcomeentries: basis: unstated · quote: The Receiver is seeking approval of an Interim Distribution to HSBC of $5,200,000 and will hold back approximately $1,060,000 to address the competing claims described below that may be asserted in priority to HSBC's security. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 5200000 · amount high: 5200000 · class label: HSBC · claims amount: 10827051 · creditor name: HSBC Bank Canada · interim final: interim · conditional on: If the Court grants the Interim Distribution Order · claims qualifier: estimated · stated on: 2022-09-16 · table missing: