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Alberta Court Approves Sale Of Oilsands Project In Absence Of A Formal SISP, Over Objections Of Substantially All Creditors, With Leave To Appeal Denied - Insolvency/Bankruptcy/Re-structuring


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On October 8, Greenfire Oil and Gas Ltd. and Greenfire
Hangingstone Operating Corporation (collectively, Greenfire) each
filed a Notice of Intention to Make a Proposal pursuant to section
50.4(1) of the
Bankruptcy and Insolvency Act (Canada), RSC
1985, c B-3, as may be amended from time to time (the BIA) (such
proceedings, referred to herein as the NOI Proceedings) and Alvarez
& Marsal Canada Inc. was appointed as Proposal Trustee (the
Proposal Trustee) of Greenfire. Greenfire is focused on oilsands
development and production and their primary asset is a ....

Poonam Dharmani , Justicems Paperny , Faisal Khan , Tariq Mahmood , Haleh Peiravi , Zahra Ahmadi Naghdehi , Mohammad Ahadzadeh , Mehran Pooladi Darvish , Justice Db Nixon , Mohsen Zadeh , Justice Paperny , Mehran Joozdani , Elham Vakili Azghandi , Afshin Shameli , Ramin Jalalpoor , Ramin Jalalpoor , Behrokh Azarian , Parham Minoo , Layla Amjadi , Justice Nixon , Firooz Abbaszadeh , Homayoun Hodaie , Taher Shabani Rad , Mandana Rezaie , Partnership Trafigura , Energy Regulator ,

Novelion Provides Update on Interim Distribution to Registered Shareholders


Novelion” or the “
Company”) by Alvarez & Marsal Canada Inc., Novelion’s court appointed liquidator (the “
Liquidator”) today announces that the timing of the previously announced interim distribution to its registered shareholders (the “
Interim Distribution”) has been delayed. The delay of the Interim Distribution is due to the time required for the Company to undertake additional legal steps in the United States to effect the Interim Distribution. The Interim Distribution was approved pursuant to an Order of the Supreme Court of British Columbia (the “
Court”) dated December 16, 2020 in accordance with the Company’s Plan of Liquidation and Distribution. Novelion will be taking steps in the United States to seek recognition and enforcement of the approvals and authorizations in such Court Order. ....

United States , United Kingdom , British Columbia , Amryt Adrs , Nishant Virmani , Amryt Pharma , Court Order , Novelion Therapeutics Inc , Alvarez Marsal Canada Inc , Cautionary Information Regarding The Company Securities , Company Plan Of Liquidation , Exchange Commission , Order Of The Supreme Court , British Columbia The Court , Novelion Therapeutics , Marsal Canada Inc , Interim Distribution , Supreme Court , Information Regarding , Effective Date , Marsal Canada , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டிஷ் கொலம்பியா , நிஷாந்த் விர்மணி , நீதிமன்றம் ஆர்டர் ,