Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated July 24, 2023
Application / notice of application · 24 July 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- courtONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
- court file noCV-21-00672880-00CL
- commencement date7 December 2021
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $233,686.25 prior to applicable taxes · amount: 233686.25 · approximate: true · period: kind: cumulative · quote: The Receiver's fees encompass 778.05 hours at an average hourly rate of approximately $300.35 for a total of $233,686.25 prior to applicable taxes. · approval: state: unstated · averages: rate: 300.35 · quote: an average hourly rate of approximately $300.35 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO was appointed as Receiver over the Contested Funds · hours total: quote: 778.05 hours at an average hourly rate of approximately $300.35 · value: 778.05 · context quote: Pursuant to an Order of the Court made by Justice Pattillo on December 7, 2021 (the ' Appointment Order '), BDO was appointed as Receiver over the Contested Funds; form: prose · rows: · money: fees: quote: for a total of $61,081.25 prior to disbursements of $2,173.59 and applicable taxes · amount: 61081.25 · approximate: true · disbursements: quote: disbursements of $2,173.59 · amount: 2173.59 · period: kind: cumulative · quote: The Receiver's Counsel's fees encompass 159.9 hours at an average hourly rate of approximately $443.75 for a total of $61,081.25 prior to disbursements of $2,173.59 and applicable taxes. · approval: state: unstated · averages: rate: 443.75 · quote: an average hourly rate of approximately $443.75 · currency: · invoices: · firm quote: The Receiver's Counsel's fees encompass 159.9 hours · hours total: quote: 159.9 hours at an average hourly rate of approximately $443.75 · value: 159.9 · context quote: The Receiver's Counsel's fees encompass 159.9 hours at an average hourly rate of approximately $443.75 for a total of $61,081.25 prior to disbursements of $2,173.59 and applicable taxes. · firm unverified: true; form: prose · rows: · money: fees: quote: for a total of $91,450.00 prior to applicable taxes · amount: 91450 · approximate: true · period: end: 2022-04-30 · kind: cumulative · quote: The Receiver's fees to April 30, 2022 encompass 296.2 hours · approval: state: unstated · averages: rate: 308.74 · quote: an average hourly rate of approximately $308.74 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO was appointed as Receiver over the Contested Funds · hours total: quote: 296.2 hours at an average hourly rate of approximately $308.74 · value: 296.2 · context quote: The Receiver's fees to April 30, 2022 encompass 296.2 hours at an average hourly rate of approximately $308.74 for a total of $91,450.00 prior to applicable taxes.; form: prose · rows: · money: fees: quote: for a total of $18,462.75 prior to disbursements of $8.93 and applicable taxes · amount: 18462.75 · approximate: true · disbursements: quote: disbursements of $8.93 · amount: 8.93 · period: end: 2022-04-30 · kind: cumulative · quote: The Receiver's Counsel's fees to April 30, 2022 encompass 50 hours · approval: state: unstated · averages: rate: 369.26 · quote: an average hourly rate of approximately $369.26 · currency: · invoices: · firm quote: The Receiver's Counsel's fees to April 30, 2022 encompass 50 hours · hours total: quote: 50 hours at an average hourly rate of approximately $369.26 · value: 50 · context quote: The Receiver's Counsel's fees to April 30, 2022 encompass 50 hours at an average hourly rate of approximately $369.26 for a total of $18,462.75 prior to disbursements of $8.93 and applicable taxes. · firm unverified: true; form: invoice_listing · rows: · money: approximate: false · period: end: 2022-12-31 · kind: invoice · quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing September 1, 2022 to December 31, 2022 inclusive per the attached detail: · start: 2022-09-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO was appointed as Receiver over the Contested Funds · context quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing September 1, 2022 to December 31, 2022 inclusive per the attached detail:; form: invoice_listing · rows: · money: approximate: false · period: end: 2023-03-31 · kind: invoice · quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing January 1, 2023 to March 31, 2023 inclusive per the attached detail: · start: 2023-01-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO was appointed as Receiver over the Contested Funds · context quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing January 1, 2023 to March 31, 2023 inclusive per the attached detail:; form: invoice_listing · rows: · money: approximate: false · period: end: 2023-07-15 · kind: invoice · quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing April 1, 2023 to July 15, 2023 inclusive per the attached detail: · start: 2023-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO was appointed as Receiver over the Contested Funds · context quote: TO PROFESSIONAL SERVICES RENDERED in connection with the Receivership of the Contested Funds for the period commencing April 1, 2023 to July 15, 2023 inclusive per the attached detail:
- recovery outcomeentries: basis: estimated · quote: Subject to the extent of actual fees incurred relative to the Completion Costs Reserve, together with the final efforts of the Receiver to resolve certain of the Claims as outlined herein the Net Contested Funds Distribution represents an estimated repayment of in excess of 95% of the Accepted Sunrise Claimants' claims. · pct of: unstated · outcome: distribution · pct low: 95 · pct high: 95 · class key: unsecured · stated by: receiver · class label: Accepted Sunrise Claimants · interim final: final · claims qualifier: unstated · stated on: 2023-07-24 · table missing: