SUPREME COURT OF NOVA SCOTIA
Citation: Scanwood Canada Ltd. (Re) 2011 NSSC 188
Date: 20110225
Docket: Hfx. No. 342377
Registry: Halifax
IN THE MATTER OF: The Companies’ Creditors Arrangement Act,
1985, c. C-36, as amended
IN THE MATTER OF: A Plan of Compromise or Arrangement of Scanwood
Canada Limited, a body corporate under the laws of
the Province of Nova Scotia
LIBRARY HEADING
Judge: The Honourable Justice Suzanne M. Hood
Heard: February 25, 2011
Written
Decision: July 27, 2011, in Halifax, Nova Scotia (Written release of Oral Decision
of Feb. 25, 2011)
Subject: CCAA DIP Financing
Summary: Scanwood seeks debtor possession financing. Two of Scanwood’s secure creditors oppose the DIP financing. Others are in favour, including at least one unsecured creditor.
Issues: Should the Court grant approval of DIP financing?
Result: Approval granted.
THIS INFORMATION SHEET DOES NOT FORM PART OF THE COURT'S DECISION. QUOTES MUST BE FROM THE DECISION, NOT THIS LIBRARY SHEET.