TSX:GXI.R - Post Discussion
Post by
mingzhu on Mar 22, 2016 4:46pm
new developement
https://www.pwc.com/ca/en/services/insolvency-assignments/guestlogix.html
Status of File as of March 22, 2016
On March 21, 2016, the Court issued orders approving the KERP and the KERP Charge, approving the KEIP and the KEIP Charge and sealing the unredacted Appendix A of the KERP pending further Order of the Court.
Status of File as of March 18, 2016
On March 17, 2016, the Monitor filed its Fourth Report to Court in connection with the Companies’ motion for an Order:
- Approving the KERP and granting the KERP Charge, both as defined in the Fourth Report;
- Approving KEIP and granting the KEIP Charge, both as defined in the Fourth Report;
and to provide the Court with:
- Information regarding the Companies’ activities and operations since March 1, 2016, the date of the Monitor’s Third Report to Court including an update with respect to the SISP;
- Information regarding GuestLogix Canada’s cumulative cash receipts and cash disbursements from the date of the Initial Order to March 6, 2016; and
- An update on the Monitor’s activities since the date of the Third Report.
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