This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On January 19, 2010, Japan Airlines Corporation, including wholly owned subsidiaries Japan Airlines International Co., Ltd. (“JALI”) and JAL Capital Co., Ltd. (collectively, “JAL or the “Company”), commenced restructuring proceedings under the Corporate Reorganization Act of Japan (Kaisha Kosei Ho) (the “JRA”) before the Tokyo District Court, Civil Department No. 8 (“Japan Proceeding”).
On April 30, 2010 (the “Filing Date”), Eiji Katayama (the “Foreign Representative”) brought an application (the “Recognition Proceeding”) before the Canadian Court pursuant to Part IV of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”), and obtained an order (the “Canadian Recognition Order”, which among other things: (i) recognized the Japan Proceeding as a “foreign main proceeding”; (II) granted a stay of proceedings in Canada against the Company; and (iii) appointed Deloitte & Touche Inc. (“Deloitte”) as Information Officer.
On June 8, 2011, pursuant to an order issued by the Ontario Superior Court of Justice (Commercial List) (the “Court”), PricewaterhouseCoopers Inc. (“PwC”) was substituted as Information Officer of the Company for the Canadian proceedings in place of Deloitte.
Information relating to these proceedings prior to June 8, 2011 may be obtained from Deloitte’s website, by using the attached link.
Further information relating to these proceedings may be obtained from JAL’s website, by using the attached link: http://www.jal.com/
On December 3, 2012, the Court issued an Order:
On the same day, the Court issued an Order:
On November 29, 2012, the Information Officer prepared its Fourth Report to provide the Court with information concerning the following:
A motion in support of JAL Settlement Approval will be heard on December 3, 2012, details of which can be found under the Motions Material tab.
On June 5, 2012, the Information Officer prepared its Third Report to provide the court with information concerning the following:
On November 29, 2011, the Information Officer prepared its Second Report to provide the Court with information concerning the following:
A copy of the Second Report can be found under the Information Officer’s Reports.
Pursuant to the June 8, 2011 Order, the Court, among other things (i) recognized, implemented and gave effect to the decision of Japanese Court made on November 30, 2010 (the “Japan Confirmation Order”) approving and confirming the Reorganization Plan submitted by the Applicants in the restructuring proceedings commenced by them in the Japan Proceedings; and (ii) recognized, implemented and gave effect to the Reorganization Plan in Canada.
This Web site will be updated as information becomes available.