This would appear to have removed the concerns previously expressed by Japan Tobacco and Rothmans, Benson and Hedges, who now state they support the plan.
"The Monitor understands that the Tobacco Companies have now reached an agreement in
principle to resolve all allocation issues under the CCAA Plans between them." (RBH Monitor)
"JTIM supports the sanctioning of the Third A&R CCAA Plan, and otherwise withdraws its previous objections, subject to the Court agreeing to the amendments and accepting the Third A&R CCAA Plan." (Aziz Affidavit)
This agreement will require court approval for the (minor) amendments to the proposed plans (pictured below). To authorize this, a hearing has been scheduled for next Monday (March 3rd) at 10:00 a.m. and will be viewable on YouTube.
Documents related to this development can be found here:
- Imperial Tobacco: Affidavit of Eric Thauvette. February 27, 2025
- Imperial Tobacco Motion Record Returnable March 3rd
- Imperial Tobacco. Monitor's 28th Report
- Japan Tobacco: Affidavit of William Aziz. February 27, 2025
- Japan Tobacco. Third Amended and Restated Plan.
- Japan Tobacco. Motion Record Returnable March 3rd, 2025
- Japan Tobacco. 25th report of the Monitor.
- Rothmans, Benson and Hedges. Affidavit of Milena Trentadue
- Rothmans, Benson and Hedges. Motion Record Returnable March 3 (part 1) (part 2)
- Rothmans, Benson and Hedges. 26th Monitor's Report (part 1) (Part 2)