Canwest Publishing Inc./ Publications Canwest Inc., Canwest Books Inc., Canwest (Canada) Inc. and Canwest Limited Partnership/ Canwest Societe Commandite - Status Updates
| January 31, 2013 | |
| On January 31, 2013, the Court granted an extension of the stay of proceedings to and including April 30, 2013. | |
| October 29, 2012 | |
| On October 29, 2012, the Court granted an extension of the stay of proceedings to and including January 31, 2013 | |
| July 30, 2012 | |
| On July 30, 2012, the Court granted an extension of the stay of proceedings to and including October 31, 2012. | |
| May 30, 2012 | |
| On May 30, 2012, the Court granted an extension of the stay of proceedings to and including July 31, 2012. | |
| March 28, 2012 | |
| On March 28, 2012, the Court granted an extension of the stay of proceedings to and including May 31, 2012. | |
| December 9, 2011 | |
| In accordance with an Order issued on December 9, 2011, the “Final Distribution Date” has been amended to mean March 31, 2012. On December 9, 2011, the Court granted an extension of the stay of proceedings to and including March 31, 2012. | |
| September 29, 2011 | |
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In accordance with an Order issued on September 29, 2011, the “Final Distribution Date” has been amended to mean December 31, 2011. On September 29, 2011, the Court granted an extension of the stay of proceedings to and including December 31, 2011
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| May 30, 2011 | |
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In accordance with an Order issued on May 30, 2011, the “Final Distribution Date” has been amended to mean September 30, 2011.
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| March 21, 2011 | |
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In accordance with an Order issued on March 21, 2011, the “Final Distribution Date” has been amended to mean May 31, 2011. In accordance with an Order issued on March 31, 2011, the Court orders that Nelligan O’Brien Payne LLP and Shibley Righton LLP are appointed as co-counsel (“Tax/EI Representative Counsel”) to represent each of those Representatives and Represented Parties (as defined in the Order by Justice Pepall dated March 5, 2011) who expressly elect to authorize such counsel in accordance with applicable legislation, including, without limitation, the provisions of the Income Tax Act (Canada), to act for them in connection with tax and employment insurance matters (all of whom collectively referred to herein as the “Tax/EI Represented Parties” and individually, a “Tax/EI Represented Party”) arising from the distribution of shares under the Amended Consolidated Plan of Compromise concerning the LP Entities, according to the terms of a retainer negotiated between the Tax/EI Representative Counsel and the Representatives (on behalf of the Tax/EI Represented Parties), which shall be provided to each Tax/EI Represented Party. oceedings
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| February 28, 2011 | |
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In accordance with an Order issued on February 28, 2011, the “Final Distribution Date” has been amended to mean March 31, 2011. In accordance with an Order issued on February 28, 2011, the Stay Period is extended until and including May 31, 2011. The Monitor continues to provide ongoing updates on the status of the Claims Procedure in its reports to the Court and the Monitor continues to update the table summarizing the number and value of claims asserted, accepted and disputed against the LP Entities posted on its website for these proceedings
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| December 31, 2010 | |
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In accordance with an Order issued on December 30, 2010, the “Final Distribution Date” has been amended to mean the earlier of (i) February 28, 2011; and (ii) the date which is ten (10) Business Days following the resolution of all Disputed Claims.
In accordance with the Honourable Justice Pepall decision as at January 5, 2010, the Monitor is to establish a reserve for the claims of all of the Moving Parties of the CEP and DiPaolo and Blondin Motions until the requisite time for any appeals has expired. Further distributions will therefore take place once time for any appeals has expired. The Monitor continues to provide ongoing updates on the status of the Claims Procedure in its reports to the Court and the Monitor continues to update the table summarizing the number and value of claims asserted, accepted and disputed against the LP Entities posted on its website for these proceedings.
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| July 20, 2010 | |
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In accordance with the Amended Consolidated Plan of Compromise concerning, affecting and involving the LP Entities (the “Plan”), each Affected Creditor with a Claim accepted for the purposes of distribution received distributions as set forth under the Plan effective July 20, 2010. Affected Creditors with Proven Claims equal to or less than $1,000 or Affected Creditors with Proven Claims who had made a valid Cash Election in accordance with the Plan received their Cash Elected Amount. Affected Creditor with Proven Claims greater than $1,000 who had not made a valid Cash Election in accordance with the Plan received their Pro Rata Share of the Unsecured Creditors’ Equity Pool.
Further distributions may take place in accordance with the Plan. |
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| June 9, 2010 | |
| Please be advised that the Creditors' Meeting previously scheduled to be held at the Sheraton Centre Toronto (Simcoe Dufferin Room), 123 Queen Street West, Toronto, Ontario at 10:00 a.m. (Toronto time) on June 10, 2010 is being adjourned pursuant to paragraph 35 of the Creditors’ Meeting Order to Monday, June 14, 2010 at 10:00 a.m. (Toronto time) and will now be held at Sutton Place Hotel (Wellesley Room - Lobby Level), 955 Bay Street, Toronto, Ontario.
The Creditors’ Meeting is being adjourned to permit Affected Creditors to consider certain anticipated proposed amendments to the Plan and the Asset Purchase Agreement in advance of the Creditors’ Meeting. The amended Plan, including a blacklined comparison to the Plan filed with the Court on May 21, 2010 and described in the Eighth Report of the Monitor, will be made available on the Monitor’s website at http://CFCanada.fticonsulting.com/clp as soon as possible. In addition, the Monitor will prepare and serve on the service list in these proceedings a Supplement to its Eighth Report describing the proposed amendments.
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| May 10, 2010 | |
| Pursuant to paragraph 34 of the Claims Procedure Order, the Monitor, the LP CRA, the LP Entities and the Agent made a determination that steps for the purposes of adjudicating and resolving Claims (as described in the LP Claims Procedure Order) shall be taken. If the LP Entities intend to revise or reject a Claim, other than a Restructuring Period Claim or a Director/Officer Claim, the LP Entities shall do so by no later than 11:59 p.m. on May 31, 2010, or such other date as may be agreed to by the Monitor.
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| April 12, 2010 | |
| On April 12, 2010, the Court granted an extension of the stay of proceedings to and including June 30, 2010. On this day, the Court approved a procedure for the identification and quantification of certain claims against the LP Entities.
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| February 2, 2010 | |
| On February 2, 2010 the Honourable Court granted an extension of the stay of proceedings to and including April 14, 2010. The Court also granted an order approving amendments to the Initial Order including: (a) paragraph 12 to allow for the implementation of amendments to the NP Intercompany Loan Agreement; and (b) the removal and replacement of Schedule “A” to the Initial Order as issued and entered on January 8, 2010 with an amended version of the Procedures for the Sale and Investor Solicitation Process, a copy of which can be found attached as Schedule “A” to the Stay Extension Order
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| January 8, 2010 | |
| By Order of the Ontario Superior Court of Justice (the “Court”) dated January 8, 2010 (the “Initial Order”), Canwest Publishing Inc./ Publications Canwest Inc. (“CPI”), Canwest Books Inc. (“CBI”) and Canwest (Canada) Inc. (“CCI”, and together with CPI and CBI, the “Applicants”) sought and obtained an Initial Order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order also granted relief in respect Canwest Limited Partnership/Canwest Societe Commandite, and together with the Applicants, the “LP Entities”) and granted a stay of proceedings until February 5, 2010 or such later date as the Court may order. FTI Consulting Canada Inc. (“FTI”) was appointed as monitor (the “Monitor”) of the LP Entities.
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