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What's New
| November 26, 2008 |
The Honourable Mr. Justice Campbell granted an Order (the "Execution Order"), which, inter alia, extended the powers of the
Monitor to allow them to execute agreements and documents related to the sale between PCL and 0804235 B.C. Ltd.
In support of PCL's application for an extension of the Monitor's powers, the Monitor filed its Eighth Report to
Court, dated October 17, 2008.
The Monitor's Eighth Report to the Court was posted on this website (see Monitor's Reports section).
The Extension Order was posted on this website (see Court Orders section).
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| September 4, 2008 |
The Honourable Mr. Justice Lederman granted an Order (the "Extension Order"), which, inter alia, extended the Stay
of Proceedings under the CCAA under January 16, 2009. The Extension Order also approved a conditional sale
to 0804235 BC Ltd. of the real estate. The documents related to the conditional sale and the real estate
transaction are temporarily sealed by the Court. In support of PCL's application for an extension
of the Stay of Proceeding period, the Monitor filed its Seventh Report to Court, dated August 22, 2008.
The Monitor's Seventh Report to the Court was posted on this website (see Monitor's Reports section).
The Extension Order was posted on this website (see Court Orders section).
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| July 22, 2008 |
The Honourable Mr. Justice Campbell granted an Order (the "Extension Order"), which, inter alia, extended the
Stay of Proceedings under the CCAA until August 29, 2008. In support of PCL's application for an extension of the Stay
of Proceeding period, the Monitor filed its Sixth Report to Court, dated June 25, 2008.
The Monitor's Sixth Report to the Court was posted on this website (see Monitor's Reports section).
The Extension Order was posted on this website (see Court Orders section).
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| May 2, 2008 |
The Honourable Mr. Justice Wilton-Siegel granted an Order (the "Extension Order"), which, inter alia, extended the
Stay of Proceedings under the CCAA until July 4, 2008. In support of PCL's application for an extension of
the Stay of Proceeding period, the Monitor filed its Fourth Report to Court, dated April 24, 2008.
The Monitor's Fifth Report to the Court was posted on this website (see Monitor's Reports section).
The Extension Order was posted on this website (see Court Orders section).
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| March 28, 2008 |
The Honourable Mr. Justice Wilton-Siegel granted an Order (the "Auction Agreement Approval Order"), which approved the auction services agreement proposed by Asset Engineering Corporation. In support of PCL's acceptance of the auction services agreement, the Monitor filed its Fourth Report to Court, dated March 14, 2008.
The Monitor's Fourth Report to the Court was posted on this website (see Monitor's Reports section).
The Auction Agreement Approval Order was posted on this website (see Court Orders section).
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| February 21, 2008 |
The Honourable Madam Justice Hoy granted an Order (the "Extension Order"), which, inter alia, extended the Stay of Proceedings under the CCAA until April 30, 2008. In support of PCL's application for an extension of the Stay of Proceeding period, the Monitor filed its Third Report to Court, dated February 19, 2008.
The Monitor's Second and Third reports to the Court was posted on this website (see Monitor's Reports section).
The Approval and Vesting Order and the Extension Order was posted on this website (see Court Orders section).
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| February 14, 2008 |
The Honourable Madam Justice Hoy granted an Order (the "Approval and Vesting Order") approving a sale of PCL's Saint John, New Brunswick plant to Inteplast. In support of PCL's application for approval of the sale of the Saint John plant, the Monitor filed its Second Report to Court, dated February 11, 2008.
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| February 11, 2008 |
The Monitor's First Report dated February 4, 2008 was posted on this website (see Monitor's Reports section).
The report was prepared in support of PCL's application for approval of a Marketing Process for the Oakville,
Ontario facility, and to update the Court of other activities. On February 6, 2008 the Honourable
Mr. Justice Morawetz granted an Order approving the Marketing Process (the "Marketing Process Order").
The Marketing Process Order was posted on this website (see Court Orders section).
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| January 25, 2008 |
Today, PCL Packaging Corporation ("PCL" or the "Applicant") was granted protection from its
creditors under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36,
as Amended ("CCAA"). The Order dated 25 January 2008 (the "Initial Order") granted by the Honourable
Mr. Justice Colin Campbell of the Ontario Superior Court of Justice (Commercial List) states:
"THIS COURT ORDERS that until and including February 23, 2008,
or such later date as this Court may order (the "Stay Period"), no proceeding
or enforcement process in any court or tribunal (each, a "Proceeding") shall be
commenced or continued against or in respect of the Applicant or the Monitor,
or affecting the Business or the Property, except with the written consent of
the Applicant and the Monitor, or with leave of this Court, and any and all
Proceedings currently under way against or in respect of the Applicant or
affecting the Business or the Property are hereby stayed and suspended pending further Order of this Court."
The Initial Order was posted on this website (see Court Orders section).
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| PCL Packaging Corporation
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