Companies' Creditors Arrangement Act

Just Energy Announces ERCOT’s Calculations of Recovery Amounts Under Texas House Bill 4492 of Certain Costs of the Texas Winter Weather Event

Retrieved on: 
Thursday, December 9, 2021
SEDAR, Tax, JE, Company, Carbon, GLOBE, Amigo Energy, Texas House of Representatives, Energy, Natural gas, Just, TSX Venture Exchange, Weather, Public Utilities Commission of Ohio, Roberts Filter Group, Just Energy, Electric Reliability Council of Texas, CCAA, COVID-19, PUCT, Public utilities commission, Central Hudson Energy Group, Legislation, Electricity, HB, Solution, Companies' Creditors Arrangement Act, 2013 extreme weather events, Public utility, Risk management

On December 7, 2021, ERCOT filed its calculation with the Public Utility Commission of Texas (the PUCT) in accordance with the PUCT final order implementing Texas House Bill 4492 (HB 4492).

Key Points: 
  • On December 7, 2021, ERCOT filed its calculation with the Public Utility Commission of Texas (the PUCT) in accordance with the PUCT final order implementing Texas House Bill 4492 (HB 4492).
  • ERCOTs calculations are subject to a 15-day verification period and accordingly, remain subject to change.
  • About Just Energy Group Inc.
    Just Energy is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions, carbon offsets and renewable energy options to customers.
  • Just Energy is the parent company of Amigo Energy, Filter Group, Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass.

DAVIDsTEA Obtains Sanction Order from the Québec Superior Court for CCAA Plan of Arrangement

Retrieved on: 
Wednesday, June 16, 2021
Finance, Money, Debt, Economy, DavidsTea, Mount Royal, Quebec, Companies' Creditors Arrangement Act, CCAA, Bankruptcy, Creditor

MONTREAL, June 16, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, is pleased to announce that it today obtained a sanction order (the Sanction Order) from the Qubec Superior Court for its plan of arrangement (the Plan of Arrangement) under the Companies Creditors Arrangement Act (CCAA).

Key Points: 
  • MONTREAL, June 16, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, is pleased to announce that it today obtained a sanction order (the Sanction Order) from the Qubec Superior Court for its plan of arrangement (the Plan of Arrangement) under the Companies Creditors Arrangement Act (CCAA).
  • As previously announced, the Plan of Arrangement was approved on June11, 2021 by the creditors of DAVIDsTEA and of DAVIDsTEA (USA) Inc., respectively, and provides that DAVIDsTEA will distribute an aggregate amount of approximately CDN$18million to its creditors and those of DAVIDsTEA (USA) Inc. in full and final settlement of all claims affected by the Plan of Arrangement.
  • The Company will continue to provide updates throughout the CCAA restructuring process as events warrant.
  • DAVIDsTEA can provide no assurance that the sanction order for the Plan of Arrangement from the Qubec Superior Court will be recognized by the United States Bankruptcy Court for the District of Delaware.

DAVIDsTEA Creditors Approve CCAA Plan of Arrangement

Retrieved on: 
Friday, June 11, 2021
Finance, DavidsTea, Mount Royal, Quebec, Companies' Creditors Arrangement Act, CCAA, Economy, Creditor

MONTREAL, June 11, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, is pleased to announce that its Plan of Arrangement under the Companies Creditors Arrangement Act (CCAA) was approved today by the requisite majorities of creditors of DAVIDsTEA and of DAVIDsTEA (USA) Inc., its wholly-owned U.S. subsidiary, respectively.

Key Points: 
  • MONTREAL, June 11, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, is pleased to announce that its Plan of Arrangement under the Companies Creditors Arrangement Act (CCAA) was approved today by the requisite majorities of creditors of DAVIDsTEA and of DAVIDsTEA (USA) Inc., its wholly-owned U.S. subsidiary, respectively.
  • DAVIDsTEA will seek a sanction order for the Plan of Arrangement from the Qubec Superior Court at a hearing scheduled for June16, 2021.
  • As previously announced, the Plan of Arrangement provides that DAVIDsTEA will distribute an aggregate amount of approximately CDN$18.0million to its creditors and those of DAVIDsTEA (USA) Inc. in full and final settlement of all claims affected by the Plan of Arrangement.
  • All documents relating to the CCAA proceedings, including the Plan of Arrangement, are available at www.pwc.com/ca/davidstea .

Sunniva Announces Commencement of Arbitration and Update on Progress Towards Completion of CCAA Plan

Retrieved on: 
Monday, April 5, 2021
Finance, Money, Corporate law, Economy, Companies' Creditors Arrangement Act, Creditor

The Company also provides an update on its progress towards implementing the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA").

Key Points: 
  • The Company also provides an update on its progress towards implementing the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA").
  • As previously announced, the Plan was approved the requisite majorities of creditors and sanctioned by the British Columbia Supreme Court (the "Court").
  • If the Partial Revocation is obtained, the Company intends to complete the Debt Conversion and the Plan and schedule a meeting of shareholders.
  • Sunniva has also engaged audit firm, MNP, to perform audits for the financial years ended December 31, 2020 and 2019.

DAVIDsTEA Obtains Court Order Extending Stay of Proceedings Under CCAA

Retrieved on: 
Friday, March 19, 2021
DavidsTea, Mount Royal, Quebec, Companies' Creditors Arrangement Act, CCAA, Companies

MONTREAL, March 19, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, announces that the Qubec Superior Court today issued an Order extending to June 4, 2021 the previously-announced stay of all proceedings against the Company under the Companies Creditors Arrangement Act (Canada) (CCAA).

Key Points: 
  • MONTREAL, March 19, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, announces that the Qubec Superior Court today issued an Order extending to June 4, 2021 the previously-announced stay of all proceedings against the Company under the Companies Creditors Arrangement Act (Canada) (CCAA).
  • The Court Order and related documents will be available at www.pwc.com/ca/davidstea .
  • The Company will continue to provide updates throughout the CCAA restructuring process as events warrant.
  • A selection of DAVIDsTEA products is available in more than 2,500 grocery stores and pharmacies across Canada.

Court Approves Pharmhouse's Asset Purchase Agreement

Retrieved on: 
Thursday, March 11, 2021
Contract law, Companies' Creditors Arrangement Act, Corporate law, Guarantee, Law, Business law, Private law

TORONTO, March 11, 2021 /PRNewswire/ - RIV Capital Inc. ("RIV Capital'' or the "Company") (TSX: RIV) (OTC: CNPOF) today announced that PharmHouse Inc.'s ("PharmHouse") asset purchase agreement (the "Agreement") to sell various operating assets, including its facility and certain equipment located at the facility, has been approved by the Ontario Superior Court of Justice pursuant to a Court Order granted today in PharmHouse's proceedings under the Companies' Creditors Arrangement Act.

Key Points: 
  • TORONTO, March 11, 2021 /PRNewswire/ - RIV Capital Inc. ("RIV Capital'' or the "Company") (TSX: RIV) (OTC: CNPOF) today announced that PharmHouse Inc.'s ("PharmHouse") asset purchase agreement (the "Agreement") to sell various operating assets, including its facility and certain equipment located at the facility, has been approved by the Ontario Superior Court of Justice pursuant to a Court Order granted today in PharmHouse's proceedings under the Companies' Creditors Arrangement Act.
  • The Agreement is subject to certain closing conditions, which the Company anticipates to be satisfied during the next fiscal quarter.
  • The court-ordered stay of proceedings with respect to PharmHouse was also extended to June 30, 2021.
  • As a result of the Guarantee Payment, the Company's estimated liability in respect of the PharmHouse Credit Facility will be reduced by $25.0 million.

Sunniva Announces Sanctioning Of CCAA Plan by Supreme Court of British Columbia

Retrieved on: 
Tuesday, February 16, 2021
Sunniva, Companies' Creditors Arrangement Act, CCAA, 1st millennium, Christian saints

VANCOUVER, BC, Feb. 16, 2021 /CNW/ -Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN) (OTC Pink Sheets: SNNVF) is pleased to announce that the Supreme Court of British Columbia (the "Court") sanctioned the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA") on February 12, 2021.

Key Points: 
  • VANCOUVER, BC, Feb. 16, 2021 /CNW/ -Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN) (OTC Pink Sheets: SNNVF) is pleased to announce that the Supreme Court of British Columbia (the "Court") sanctioned the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA") on February 12, 2021.
  • The Court has also relieved Sunniva and its Canadian subsidiaries of certain restrictions imposed by orders granted on November 27, 2020 and December 11, 2020, permitting Sunniva to take immediate action to protect its US assets and interests.
  • Trading of the shares will continue to be suspended until the CCAA process has been completed and the Cease Trade Order has been fully revoked.
  • These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking information or statements.

Sunniva Announces Approval of CCAA Plan by Affected Creditors

Retrieved on: 
Thursday, February 11, 2021
Finance, Money, Economy, Credit, Creditor, Debt, Companies' Creditors Arrangement Act, CCAA, Insolvency

VANCOUVER, BC, Feb. 11, 2021 /CNW/ -Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN) (OTC Pink Sheets: SNNVF) is pleased to announce that the Affected Creditors (as defined in the Plan) approved the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA") at a meeting of Affected Creditors (the "Meeting") held on February 5, 2021 in accordance with the Order made January 15, 2021.

Key Points: 
  • VANCOUVER, BC, Feb. 11, 2021 /CNW/ -Sunniva Inc. ("Sunniva", the "Company") (CSE: SNN) (OTC Pink Sheets: SNNVF) is pleased to announce that the Affected Creditors (as defined in the Plan) approved the Amended Consolidated Plan of Arrangement and Compromise of Sunniva and its Canadian subsidiaries (the "Plan") under the Companies Creditors Arrangement Act ("CCAA") at a meeting of Affected Creditors (the "Meeting") held on February 5, 2021 in accordance with the Order made January 15, 2021.
  • The Plan was supported by 98.9% in number, representing 98.7% in value, of Affected Creditors voting at the Meeting.
  • Pursuant to the CCAA, the Plan required the approval of a majority of Affected Creditors voting at the Meeting, representing two-thirds in value.
  • Sunniva has applied to the Supreme Court of British Columbia to seek a sanction order in respect of the Plan.

Sunniva Announces A Court-Supervised Restructuring Proceeding

Retrieved on: 
Tuesday, October 13, 2020
Companies' Creditors Arrangement Act, Corporate law, Ladner, Sunniva, Borden Ladner Gervais, 1st millennium, Law, Government of Canada

VANCOUVER, B.C., Oct. 13, 2020 /PRNewswire/ --Sunniva Inc. ("Sunniva", the "Company") (CSE:SNN) (OTC Pink Sheets:SNNVF), announces it has obtained an initial order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") commencing proceedings under theCompanies' Creditors Arrangement Act(the "CCAA").

Key Points: 
  • VANCOUVER, B.C., Oct. 13, 2020 /PRNewswire/ --Sunniva Inc. ("Sunniva", the "Company") (CSE:SNN) (OTC Pink Sheets:SNNVF), announces it has obtained an initial order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") commencing proceedings under theCompanies' Creditors Arrangement Act(the "CCAA").
  • Pursuant to the Initial Order, among other things, a stay of proceedings has been granted for an initial 10-day period.
  • The Initial Order also extends protection to Sunniva Medical Inc., 1167025 B.C.
  • Borden Ladner Gervais LLP is acting as legal counsel to Sunniva in connection with the CCAA proceedings.

Delphi Energy Corp. Announces Extension of Stay Period

Retrieved on: 
Saturday, October 10, 2020
Companies' Creditors Arrangement Act, Corporate law, Delphi, Aptiv, CCAA, Companies, Government of Canada, Law

CALGARY, Alberta, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (Delphi or the Company) announces that it has obtained an order from the Court of Queens Bench of Alberta (the Court) granted in Delphis proceedings under the Companies Creditors Arrangement Act (the CCAA) extending the stay period to October 30, 2020.

Key Points: 
  • CALGARY, Alberta, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (Delphi or the Company) announces that it has obtained an order from the Court of Queens Bench of Alberta (the Court) granted in Delphis proceedings under the Companies Creditors Arrangement Act (the CCAA) extending the stay period to October 30, 2020.
  • Delphi and certain of its subsidiaries were granted an initial order and protection under the CCAA on April 14, 2020.
  • PricewaterhouseCoopers Inc. has been appointed by the Court as monitor in the CCAA proceedings.
  • Delphi Energy Corp. is a junior E&P producer of liquids-rich natural gas.