Ontario · Receivership (court-appointed)
Approval and Vesting Order of Justice Koehnen dated June 17, 2020
Approval and vesting order · 17 June 2020
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
- closing termsVesting is effective upon delivery of the Receiver's certificate to the Purchaser substantially in the form of Schedule 'A'.
- order date17 June 2020
- presiding officerJustice Koehnen
- purchaserGAL Real Holdings Ltd.
- sale outcometext: Court approved the Transaction under the Amended APA and vesting of the Purchased Assets in the Purchaser upon delivery of the Receiver's certificate. · scope: parcel · status: approved
- sealed itemsConfidential Appendices 1-4 to the Second Report: the Receiver's summary of offers, the Initial APA, the Purchaser's affidavit sworn June 9, 2020, and emails between the Receiver and its counsel and the Purchaser's counsel dated June 2, 4 and 6, 2020; sealed until completion of the Transaction or further Order.