Quebec · CCAA
Thirty-Fifth Report of the Monitor – dated December 10, 2021
Court officer report · 10 December 2021
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 filing5 verified
- cash on handnote: Balance of funds not yet distributed to the Province plus the balance of the Undistributed Funds; includes approximately $15.5 million of interest earned, reserves for litigious claims in the Chapter 11 and the Administrative Charge of the Professionals. Stated as at the report date (not as a separate as-at date). · as at: 2021-12-10 · amount: 114000000 · currency: CAD · qualifier: approximately
- operational summaryThe Monitor is preparing to distribute remaining funds to the Province and claimants following dismissal of the leave to appeal, and is seeking a stay extension to June 17, 2022 to complete distributions and pursue litigious claims against Canadian Pacific in the Chapter 11.
- professional feesnote: Total including sales taxes; $175,202 in fees/disbursements plus $26,202 sales taxes. Richter $102,808, Woods $73,546, Gowling WLG $25,050 (all incl. taxes). Monitor and its counsel also retain a $150,000 retainer to be applied to final invoices. · party: Richter (Monitor), Woods and Gowling WLG (Canadian Professional Fees) · amount: 201404 · period: June 1, 2021 to November 30, 2021 · currency: CAD
- report date10 December 2021
- report noThirty-Fifth Report of the Monitor