Ontario · Receivership (court-appointed)
First Report of the Receiver dated December 11, 2025
Court officer report · 11 December 2025
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What we verified from this filing6 verified
- report date11 December 2025
- report noFirst Report
- operational summaryThe Receiver undertook activities including attending the Baywood Property, informing tenants of the receivership, collecting rent, following up with the Debtor for information, engaging an insurance broker, real estate brokers, negotiating a Property Management Agreement, arranging utility services and property tax inquiries, and proposing a Sale Process for the Baywood Property with JLL as listing broker, while facing significant non-cooperation from the Debtor's principal, Warda, including obstruction of rent collection and failure to provide books and records.
- cash on handamount: 184783 · currency: CAD
- professional feesparty: Receiver (EY) · amount: 111843.84 · period: September 24, 2025 to November 28, 2025 · currency: CAD; party: Receiver's counsel (Dickinson Wright LLP) · amount: 26241.2 · period: July 8, 2025 to November 27, 2025 · currency: CAD
- fee scheduleengagements: form: time_summary · rows: Allen Yao; Michael Hayes; Eric Kerbel; Marie Jackson; Cam Bear; Robert Ferguson; Marites Carandang; fees: 112175 · hours: 197.4 · quote: Total Fees | Total Fees | 197.40 | | 112,175.00 · row kind: subtotal · rate kind: standard · name as stated: Total Fees · money: tax: label: HST @ 13% · quote: HST @ 13% | | | | 12,867.00 · amount: 12867 · fees: quote: Total Discounted Fees | Total Discounted Fees | | | 98,714.00 · amount: 98714 · total: quote: Total Invoice | | | | 111,843.85 $ · amount: 111843.85 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Disbursements | | | | 262.85 · amount: 262.85 · period: end: 2025-11-28 · kind: invoice · quote: Summary of Professional Fees for the period September 23, 2025 to November 28, 2025 · start: 2025-09-23 · approval: quote: approving the Receiver's fees and disbursements for the period up to November 28, 2025 · state: sought · averages: · currency: · invoices: · firm text: Ernst & Young Inc. · firm quote: Ernst & Young Inc. (' EY ') was appointed as receiver and manager (the ' Receiver ') of all the assets, undertakings and properties of Hano Investment Ltd. · hours total: quote: Total Fees | Total Fees | 197.40 | | 112,175.00 · value: 197.4 · context quote: attesting to the fees and disbursements of the Receiver for the period from September 24, 2025, to November 28, 2025 · discount note: text: Courtesy Discount (12%) · quote: Less: Courtesy Discount (12%) | Less: Courtesy Discount (12%) | | | (13,461.00); form: rate_chart · rows: Lisa Corne; Sabrina Fracassi; Talya Bertler; Hugo He · money: total: quote: TOTAL FEES CURRENT INVOICE | | | 24.20 | $ 16,135.50 · amount: 16135.5 · includes tax: false · includes disbursements: false · approximate: false · period: end: 2025-11-27 · kind: invoice · quote: For the period July 8, 2025 to November 27, 2025 · start: 2025-07-08 · approval: quote: and those of its counsel, Dickinson Wright LLP (' DW '), for the period up to November 27, 2025 · state: sought · averages: rate: 1820 · quote: Average hourly rate | $1,820 · currency: · invoices: · firm text: Dickinson Wright LLP · firm quote: Lawyers for Ernst and Young Inc. in its capacity as Court-appointed Receiver · hours total: quote: TOTAL FEES CURRENT INVOICE | | | 24.20 | $ 16,135.50 · value: 24.2 · context quote: DW has acted as counsel to Ernst and Young Inc., in its capacity as Court-appointed Receiver (the ' Receiver ') in these proceedings.