Wabush – July 20, 2015
July 20, 2015
Motion by Company for extension of CCAA stay of proceedings
On July 20, 2015, the Company brought a motion before the CCAA Judge for an order to extend the stay of proceedings. The stay of proceedings operates to prohibit any person from bringing or continuing proceedings against Wabush while it is under CCAA protection. Mr. Justice Hamilton granted the motion and extended the stay of proceedings until November 6, 2015. There were two objections to the motion for extension of the stay of proceedings. One was by a creditor called MFC Industrial who objected on the basis that they were not being given sufficient information by the Company with respect to their property and other related issues. Second, there was an objection by the USW which included a request to extend the time for the USW to file a notice of motion for leave to appeal with the Québec Court of Appeal. In his decision, Mr. Justice Hamilton dismissed both objections and granted the extension of time to USW to file a Notice of Motion for Leave to Appeal. A copy of the Endorsement of Mr. Justice Hamilton can be found here.