0989705 B.C. Ltd., Alderbridge Way GP Ltd. and Alderbridge Way Limited Partnership
Filing Date: April 01, 2022
Overview
On April 1, 2022, 0989705 B.C. Ltd., Alderbridge Way GP Ltd., and Alderbridge Way Limited Partnership (collectively, “Alderbridge”), were granted an initial order (the “Initial Order”) to commence proceedings (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor” or “A&M”) in the CCAA Proceedings.
The Initial Order granted a stay of proceedings until April 11, 2022 (the “Stay Period”) and provided that during the Stay Period, no proceedings may be commenced against Alderbridge.
On April 25, 2022, The Bowra Group Inc. ("TBGI") replaced A&M as Monitor.
Effective December 1, 2022, TBGI merged with MNP Ltd. ("MNP"), and pursuant to orders granted December 21, 2022 and October 24, 2023, MNP was subsituated as Monitor in place of TBGI in these CCAA proceedings.
File Updates
On April 11, 2022, the Court extended the Stay Period until April 25, 2022.
On April 25, 2022, the Court:
- Extended the Stay Period until August 3, 2022.
- Discharged A&M as Monitor and appointed TBGI as Monitor
- Approved a sales and investment soliciation process ("2022 SISP").
- The 2022 SISP was terminated on December 7, 2022.
On July 22, 2022, the Court extended the Stay Period until August 12, 2022.
On August 11, 2022, the Court extended the Stay Period until October 7, 2022.
On October 7, 2022, the Court extended the Stay Period until December 9, 2022.
On December 9, 2022, the Court extended the Stay Period until February 24, 2023.
On February 24, 2023, the Court extended the Stay Period until June 2, 2023.
On May 31, 2023, the Court extended the Stay Period until September 29, 2023.
On September 27, 2023, the Court extended the Stay Period until December 1, 2023.
On December 1, 2023, the Court extended the Stay Period until March 1, 2024.
On February 23, 2024, the Court extended the Stay Period until May 31, 2024.
On May 31, 2024, the Court extended the Stay Period until September 6, 2024.
On August 2, 2024, the Court:
- Extended the Stay Period until November 22, 2024.
- Approved a sales and investment soliciation process ("2024 SISP").
Sale of Assets
The 2022 SISP approved on April 25, 2022 was terminated with the consent of Romspen on December 7, 2022.
On August 6, 2024, the Court approved the 2024 SISP. The Monitor engaged Jones Lang LaSalle Real Estate Services, Inc. ("JLL") to assist with the 2024 SISP. Interested parties should contact JLL to obtain and execute a copy of the non-disclosure agreement ("NDA") in order to access the due diligence data room. The key dates for the 2024 SISP are as follows:
- Sales Process to Commence - August 6, 2024
- LOI Deadline - September 25, 2024
- Notification of Qualified Bidders - October 2, 2024
- Final Bid Deadline - October 16, 2024
- Notification of Successful Bidder or Back-up Bidder - October 21, 2024
- Final Agreement Deadline - November 4, 2024
- Court Approval Deadline - November 29, 2024
- Outside Closing Date - December 31, 2024
The deadline for Notification of Qualified Bidders was extended to 5:00pm PST October 7, 2024.
Please contact Kevin Meikle or Edgar Buksevics at JLL with respect to information on the 2024 SISP:
Kevin Meikle
604-267-2455 / 604-805-8787
[email protected]
Edgar Buksevics
604-998-6021 / 604-928-4689
[email protected]
Monitor's Reports
- First Report of the Proposed Monitor - March 31, 2022 file_download
- First Report of the Monitor - April 07, 2022 file_download
- Second Report of the Monitor - April 23, 2022 file_download
- Third Report of the Monitor - July 20, 2022 file_download
- Fourth Report of the Monitor - August 09, 2022 file_download
- Fifth Report of the Monitor - October 03, 2022 file_download
- Supplemental Report to the Fifth Report of the Monitor - October 07, 2022 file_download
- Sixth Report of the Monitor - December 07, 2022 file_download
- Seventh Report of the Monitor - February 21, 2023 file_download
- Eighth Report of the Monitor - May 26, 2023 file_download
- Ninth Report of the Monitor - July 31, 2023 file_download
- Tenth Report of the Monitor - September 22, 2023 file_download
- Eleventh Report of the Monitor - November 21, 2023 file_download
- Twelfth Report of the Monitor - February 21, 2024 file_download
- Thirteenth Report of the Monitor - May 28, 2024 file_download
- Fourteenth Report of the Monitor - July 26, 2024 file_download
- Supplemental Report to the Fourteenth Report of the Monitor - July 31, 2024 file_download
Other Court Documents
- Affidavit #1 of G. Thom (filed April 1, 2022) - file_download
- Affidavit #2 of G. Thom (filed April 1, 2022) - file_download
- Affidavit 1 of W Roitman filed April 1 2022 - file_download
- Affidavit #1 of J. Alambre (filed April 1, 2022) - file_download
- Affidavit #2 of J. Alambre (filed April 1, 2022) - file_download
- Affidavit #3 of G. Thom (filed April 22, 2022) - file_download
- Affidavit #1 of A. Arenas (filed April 25, 2022) - file_download
- Affidavit #1 of Belinda Diaz (filed August 8, 2022) - file_download
- Affidavit #3 of J. Alambre (filed August 9, 2022) - file_download
- Affidavit #2 of W. Roitman (filed August 9, 2022) - file_download
- Affidavit #1 of O. Shaporenko (filed August 16, 2022) - file_download
- Affidavit #1 of J. Ratzlaff (filed August 16, 2022) - file_download
- Affidavit #2 of B. Diaz (filed August 16, 2022) - file_download
- Affidavit #1 of J. Austen (filed June 28, 2023) - file_download
- Affidavit #1 of B. Olson (filed July 26, 2023) - file_download
- Affidavit #4 of G. Thom (filed July 26, 2023) - file_download
- Affidavit #1 of S. Danielisz (made September 25, 2023) - file_download
Other Court Orders
- Initial CCAA Order - April 1, 2022 - file_download
- Sealing Order (Affidavit No. 2 of G. Thom and Affidavit No. 2 of J. Alambre) - April 01, 2022 file_download
- Order extending stay of proceedings to April 25, 2022 - April 11, 2022 file_download
- Order extending stay of proceedings to August 3, 2022 and replacement of Monitor - April 25, 2022 file_download
- SISP Order - April 25, 2022 file_download
- Order extending stay of proceedings to August 12, 2022 - July 22, 2022 file_download
- Order extending stay of proceedings to October 7, 2022 - August 11, 2022 file_download
- Order sealing the Monitor's Supplemental Report to the Fourth Report to Court dated August 9, 2022 - August 11, 2022 file_download
- Order extending stay of proceedings to December 9, 2022 - October 07, 2022 file_download
- Order extending stay of proceedings to February 24, 2023 - December 09, 2022 file_download
- Order extending stay of proceedings to June 2, 2023 - February 24, 2023 file_download
- Order extending stay of proceedings to September 29, 2023 - May 31, 2023 file_download
- Order lifting stay of proceedings - September 27, 2023 file_download
- Order substituting MNP Ltd. as Monitor of 0989705 B.C. Ltd. - October 24, 2023 file_download
- Order extending stay of proceedings to December 1, 2023 - September 27, 2023 file_download
- Order extending stay of proceedings to March 1, 2024 - December 01, 2023 file_download
- Order extending stay of proceedings to May 31, 2024 - February 23, 2024 file_download
- Order extending stay of proceedings and Interim financing - May 31, 2024 file_download
- Order extending stay of proceedings to November 22, 2024 - August 02, 2024 file_download
- Order made after Application (Sale Process) - August 02, 2024 file_download
Forms
- Filed Petition to the Court (April 1, 2022) - file_download
- Filed Petition response of Romspen (April 1, 2022) - file_download
- Notice of Application filed April 6, 2022 (returnable April 11, 2022) - file_download
- Requisition for April 11, 2022 hearing date - file_download
- Requisition for April 25, 2022 hearing date - file_download
- Notice of Application filed July 20, 2022 (returnable July 22, 2022) - file_download
- Requisition for July 22, 2022 hearing date - file_download
- Requisition for August 11, 2022 hearing date - file_download
- Notice of Application of the Petitioners filed August 8, 2022 (returnable August 11, 2022) - file_download
- Notice of Application of Romspen filed August 9 2022 returnable August 11 2022 - file_download
- Application Response of Romspen to the Petitioners NOA filed August 10, 2022 (returnable August 11, 2022) - file_download
- Requisition resetting the application of the Petitioners to August 19, 2022 - file_download
- Application Response of GEC to the Petitioners NOA filed August 17, 2022 (returnable August 19, 2022) - file_download
- Notice of Application (October 5, 2022) - file_download
- Notice of Application (December 7, 2022) - file_download
- Notice of Application (December 7, 2022) 2 - file_download
- Amended Notice of Application (December 16, 2022) - file_download
- Notice of Application (February 22, 2023) - file_download
- Notice of Application May 26 2023 - file_download
- Notice of Application (June 28, 2023) - file_download
- Application Response (July 26, 2023) - file_download
- Application Response (July 26, 2023) 2 - file_download
- Justice Fitzpatrick - Reasons for Judgement - file_download
- Notice of Application (September 22, 2023) - file_download
- Notice of Application (September 25, 2023) - file_download
- Notice of Application (November 23, 2023) - file_download
- Notice of Application (February 22, 2024) - file_download
- Notice of Application (May 28, 2024) - file_download
- Notice of Application July 26 2024 - file_download
- Application Response July 31, 2024 - file_download