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Chesswood Group Limited - Motion Materials
The following motion materials have been filed in the proceedings:
Motion Record of the Monitor
| December 14, 2024 |
Motion Record of FTI Consulting Canada Inc. ("FTI") in its capacity as monitor (in such
capacity, the "Monitor") for:
1. An order (the "Approval and Reverse Vesting Order"), substantially in the form of the draft included in the motion record, inter alia:
(a) approving the sale by Chesswood of the issued and outstanding shares of Rifco Inc. to Vault through a reverse vesting transaction (the "Proposed Rifco Transaction");
(b) removing the Rifco Entities from these CCAA proceedings;
(c) adding a newly incorporated affiliate of Chesswood ("Residual Co." and, together with the Chesswood Group other than the Rifco Entities, the "Remaining CCAA Parties") as a party subject to these CCAA proceedings;
(d) approving certain vesting and payment steps in connection with closing the Proposed Rifco Transaction; and
(e) releasing the Released Parties in respect of certain claims relating to the Proposed Rifco Transaction.
2. An order (the "SISP Approval Order"), substantially in the form of the draft included in the motion record, approving the proposed sales and investment solicitation process (the "Proposed SISP") for the business and assets of the Remaining CCAA Parties (i.e., Residual Co. and the Chesswood Group other than the Rifco Entities).
3. An order (the "KERP Approval Order"), substantially in the form of the draft included in the motion record, among other things:
(a) approving the proposed key employee retention plan (the "Proposed KERP");
(b) granting a third-ranking charge (the "KERP Charge") over the property of the CCAA Parties in favour of the Key Employees; and
(c) sealing the Confidential KERP Appendix.
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Notice of Appearance - VP Polus Trust |
November 29, 2024 |
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Notice of Appearance - Berger Montague |
November 7, 2024 |
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Notice of Appearance - VersaBank |
November 7, 2024 |
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Factum of Royal Bank of Canada, in its capacity as administrative agent and collateral agent, for an Amended and Restated Initial Order.
Factum of Royal Bank of Canada
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November 6, 2024 |
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Motion Record of Royal Bank of Canada for an Amended and Restated Initial Order (the "ARIO") returnable November 7, 2024.
Motion Record of Royal Bank of Canada
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November 5, 2024 |
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Application Record of Royal Bank of Canada, for the issuance of an initial order
Application Record of Royal Bank of Canada
Notice of Application of Royal Bank of Canada
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October 29, 2024 |
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