Friday 11 March 2022

42 months! Companies are seeking another CCAA extension.

Last month notice was given that Ontario courts would again be asked to extend the stay on all proceedings against tobacco companies. On the website of  Imperial Tobacco's monitor, the notice read: Please be advised that the motion to extend the stay of proceedings is currently scheduled to be held virtually on March 22, 2022. 

The protocol has now been posted. A YouTube link will be posted on each monitor's website 2 days before the hearing. 

The documents related to that hearing are now beginning to appear, and this page will be updated to provide links as they become available. From the first of these, we know that an extension is being sought that will extend to September 30, 2022. 

JTI-Macdonald:

Imperial Tobacco:

Rothmans, Benson and Hedges