Author of the article: Harold Carmichael
Publishing date: Feb 02, 2021 • February 2, 2021 • 1 minute read •
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Ernst & Young has set up a web link so people can check the progress of the court proceedings as Laurentian University works to clean up its financial mess.
Laurentian students, staff and other interested parties can go to www.ey.com/ca/Laurentian, which will access a Restructuring Document Centre.
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Ernst & Young has been hired to monitor Laurentian’s restructuring process.
“On February 1, 2021, Laurentian University of Sudbury (“LU”) commenced court-supervised restructuring proceedings under the Companies’ Creditors Arrangement Act (“CCAA”), in order to, among other things, obtain a stay of proceedings, and to provide an opportunity to financially and operationally restructure,” said a message pertaining to Laurentian’s situation. “Ernst