US Bankruptcy Court gives backing to JTI Settlement.

Yesterday the Monitors for JTI-Macdonald uploaded the Chapter 15 Order of Justice Mastando of the United States Bankruptcy Court Southern District of New York, giving effect in the United States to the CCAA settlement with respect to that company.

Although the hearing before Justice Mastando had been scheduled for August 7th, the Order was dated August 5th, and the drafting of the order makes no reference to oral submissions. 

As reported earlier this week, the same judge is currently scheduled to hear an equivalent request from Imperial Tobacco Canada on  August 26th. 

Documents related to the JTI-Macdonald decision are available on the Deloitte Insolvency website, at the following links:

• Order Scheduling Recognition Hearing.pdf
  
• Notice Application for an Order.pdf
  
• Verified Petition.pdf
  
• Aziz Declaration.pdf
  
• Memo of Law.pdf
  
• Chapter 15 Recognition Order.pdf