Student Federation of the University of Ottawa Inc.

Receivership

Page last updated: June 28, 2019

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 April 15, 2019, on the application of Student Federation of the University of Ottawa Inc. (the "Applicant"), an Order was granted by the Ontario Superior Court of Justice, pursuant to section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended (the “CJA”), appointing PricewaterhouseCoopers Inc., LIT (“PwC”) as receiver and manager (in such capacities, the "Receiver") without security, of all of the assets, undertakings and properties of Student Federation of the University of Ottawa Inc. (“SFUO” or the “Company”).

A Notice and Statement of the Receiver was mailed to all known creditors of the Company on April 29, 2019 in accordance with the provisions of the BIA. A copy of the Notice can be found in the Notices section of this website.

This Web site will be updated as information becomes available.

For more information, please contact: Natalia Chtcherbakova at cmt_processing@ca.pwc.com


Status of File as of April 30, 2019

On April 30, 2019, the Court issued an order:

  1. Approving the Receiver's First Report and the activities and conduct of the Receiver set out therein;
  2. Approving the Benefit Plan Transition Agreement and authorizing the Receiver to execute the agreement in the form attached as appendix "D" of the First Report.

Among other things, the effect of the Benefit Plan Transition Agreement is that Student Plan Members and Staff Plan Members (as defined in the agreement) who were entitled to coverage under the Benefit Plan as of April 30, 2019 will continue to be entitled to coverage pursuant to the Benefit Plan during the Transition Period.  The reserves under the Benefit Plan will be held in trust (or paid into court after December 31, 2019) pending an agreement or further Court order regarding entitlement to the reserves.

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Natalia Chtcherbakova 

Consulting & Deals, PwC Canada

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