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Baffinland - Court Orders
The following Court Orders have been granted in the proceedings:
Endorsement of Justice Steele |
August 27, 2026 |
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The endorsement of Justice Steele was issued on August 27, 2026, regarding the order extending the stay period, approving the engagement of Morgan Stanley as the
financial advisor, approving charges related to the compensation for the Financial Advisor, and sealing a confidential appendix which contains the fee structure for the fees payable to the Financial Advisor, among other things.
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Omnibus Order |
August 27, 2026 |
The Omnibus Order provides certain relief including:
- extending the Stay Period to and including December 11, 2026;
- approving the engagement of Morgan Stanley Canada Limited (the "Financial Advisor") to act as transaction advisor to the Debtors on the terms set out in the Engagement Letter (defined below), nunc pro tunc;
- granting Court-ordered charges in favour of the Financial Advisor to secure the fees payable to it pursuant to its engagement;
- amending the priority of the Court-ordered charges granted in these proceedings; and
- redacting and sealing certain commercially sensitive terms of the Engagement Letter until further Order of this Court.
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Endorsement of Justice Steele |
July 29, 2026 |
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The endorsement of Justice Steele was issued on July 29, 2026 regarding the CRO Appointment Order.
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CRO Appointment Order |
July 29, 2026 |
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The CRO Appointment Order approves the appointment of William E. Aziz as Chief Restructuring Officer ("CRO") of the Debtors.
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Settlement Approval Order |
June 30, 2026 |
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The Settlement Approval Order approves the terms set out in a term sheet titled "Settlement of DIP Financing Litigation" and that certain side letter among the Settlement Parties.
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Endorsement of Justice Steele |
June 30, 2026 |
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The endorsement of Justice Steele was issued on June 30, 2026, regarding the refiled relief sought by the Applicants and the ad hoc committee in the Settlement Approval Order.
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Endorsement of Justice Steele |
June 24, 2026 |
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The endorsement of Justice Steele was issued on June 24, 2026, regarding a progression in the proposed DIP settlement.
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Endorsement of Justice Steele |
June 23, 2026 |
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The endorsement of Justice Steele was issued on June 23, 2026, regarding a proposed settlement on the DIP issue.
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Second Amended and Restated Initial Order |
June 11, 2026 |
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The Second Amended and Rested Initial Order provides certain relief that includes, inter alia, providing CCAA protections to Baffinland Iron Mines LP and authorizing the Debtors to file a plan of arrangement.
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Endorsement of Justice Steele |
June 11, 2026 |
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The endorsement of Justice Steele was issued on June 11, 2026, regarding the refiled relief sought by the Applicants in the form of the Order (Stay Extension).
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Order (Stay Extension) |
June 10, 2026 |
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This order extends the Stay Period until and including August 28, 2026.
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Order (Stay Extension and ARIO Amendment) |
June 5, 2026 |
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This Order approves certain amendments made to the ARIO that provides certain relief that includes, inter alia, extending the stay of proceedings until and including June 10, 2026.
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Endorsement of Justice Steele |
June 5, 2026 |
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The endorsement of Justice Steele was issued on June 5, 2026, regarding the refiled relief sought by the Applicants in the form of the Order (Stay Extension and ARIO Amendment).
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Endorsement of Justice Conway |
May 25, 2026 |
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This endorsement of the Justice Conway was issued on May 25, 2026, regarding the relief sought by the Applicants in the form of the Amended and Restated Initial Order.
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Amended and Restated Initial Order |
May 25, 2026 |
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The Amended and Restated Initial Order ("ARIO") provides certain relief that includes, inter alia, extending the stay of proceedings until and including June 5, 2026.
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Endorsement of Justice Conway |
May 15, 2026 |
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The endorsement of Justice Conway was issued on May 15, 2026, regarding the relief sought by the Applicants in the form of the Initial Order.
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Initial Order |
May 15, 2026 |
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The Initial Order provides certain relief, inter alia, a stay of proceedings against the Company until and including May 25, 2026.
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