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 February 9, 2016, GuestLogix Inc. (“GuestLogix Canada”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”), R.S.C.1985, c.C-36, as amended, from the Ontario Superior Court of Justice Commercial List (the “Court”). The Initial Order was amended on February 12, 2016 (the “First Amended and Restated Initial Order”), to include GuestLogix Ireland Limited (“GuestLogix Ireland” and collectively with GuestLogix Canada, the “Companies” or the “Applicants”) in the CCAA proceedings. The First Amended and Restated Initial Order, includes among other things, a stay of proceedings against the Companies, and the appointment of PricewaterhouseCoopers Inc. as monitor of the Applicant (“PwC” or the “Monitor”).
The First Amended and Restated Initial Order, among other things:
In accordance with section 23 (1)(ii)(b) of the CCAA and the Initial Order, a notice was sent to all of the Applicants’ creditors who are owed $1,000 or more on February 16, 2016.
Following closing of the transaction with TravelSky Technologies Sinapore Pte. Ltd., certain documents which disclose financial information of the Companies, including a copy of the Companies’ cash-flow forecast to August 5, 2016 (the "Extended Cash Flow Forecast"), has been posted to this website under the "Motion Materials" section. In addition, on May 26, 2016 the Monitor issued a notice to all known unsecured creditors pursuant to the Company's books and records, to advise them that the Extended Cash Flow Forecast was available on this website.
On April 29, 2016 a Notice to Claimants, Instruction Letter and a Proof of Claim form (the “Claims Procedure Package”) were mailed to all known creditors of the Companies pursuant to the Companies’ books and records. The Claims Procedure Package is available on the Claims Procedure page.
On April 29, 2016, the Court issued an order (the “Claims Procedure Order”):
On the same day, the Court also issued an order (the “Distribution Order”):
On April 26, 2016, the Monitor filed its Sixth Report to Court to provide the Court with information regarding:
The Sixth Report also provides the Monitor’s recommendations on the Applicants’ motion seeking orders of the Court:
On April 25, 2016, the Applicants filed a motion for:
The motion is returnable on April 29, 2016.
On April 13, 2016, the Court issued an order:
On April 8, 2016, the Applicants filed a motion for an order:
Also on April 8, 2016, the Monitor filed its Fifth Report to Court to provide the Court with information regarding:
The Fifth Report also provides the Monitor’s recommendations on the Applicants’ motion seeking an order of the Court:
The motion will be heard on April 13, 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.
On March 17, 2016, the Monitor filed its Fourth Report to Court in connection with the Companies’ motion for an Order:
On March 15, 2016, the Applicants filed a Notice of Motion for an order:
A motion will be heard on March 21, 2016.
On March 4, 2016, the Court approved an order extending the Stay Period to May 6, 2016.
On March 1, 2016, the Monitor filed its Third Report to Court to provide the Court with:
On February 29, 2016, the Applicants filed a motion for extension of the Stay Period to May 6, 2016. The motion will be heard on March 4, 2016.
On February 19, 2016 the Court granted an order
All inquiries regarding the SISP should be made to Canaccord Genuity Corp., who has been retained as the Applicants’ financial advisor:
Brent A. Layton, Canaccord Genuity Corp.
Telephone No. +1 416 867 6098, Fax No. +1 416 869 3876
Further details of the SISP are posted under the SISP tab.
On February 16, 2016 the Applicants filed a Notice of Motion for an order:
A motion will be heard on February 19, 2016.
Also on February 17, 2016 the Monitor filed its Second Report in support of the motion filed by the Applicants for approval of the SISP. The purpose of the Second Report was to provide the Court with:
In accordance with section 23 (1)(ii)(b) of the CCAA and the Initial Order, a notice was sent to all creditors owed more than $1,000 on February 16, 2016. A copy of the notice is posted under the Notices section.
On February 12, 2016, the Court granted an order, which among other things,
On February 11, 2016, the Applicant filed a Notice of Motion to seek an order to, among other things:
a. Approve the interim financing facility (the “Interim Facility”) to be provided by the Interim Lender (as defined in the motion materials) in the maximum amount of $3 million; and
b. Approving a third ranking charge to secure the Interim Facility (the “Interim Lender’s Charge”) in favour of the Interim Lender.
Also, on February 11, 2016, the Monitor filed its First Report to Court to provide the Court with:
On February 12, 2016, Monitor filed a Supplemental Report to the First Report to provide the Court with additional information on GuestLogix’s request for an order approving the $3 million Interim Facility and the Interim Lender’s Charge.
This Web site will be updated as information becomes available.
For more information, please contact: Tammy Muradova, Telephone: +1 416 687 8238, or via Email.