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CCAA Court Decides Tenant Still

To print this article, all you need is to be registered or login on Mondaq.com. After a series of court cases in Quebec relating to the payment of rent in light of government-imposed restrictions resulting from the COVID-19 pandemic (COVID restrictions), the Superior Court of Québec rendered a decision of interest on January 5 in the context of the restructuring proceedings commenced by Groupe Dynamite Inc. and certain affiliates under the Companies Creditors Arrangement Act (CCAA).  Background  Dynamite, a clothing retailer with over 300 stores in Canada and the US, is pursuing a plan of arrangement under the CCAA. Pursuant

Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors

Clothing retailer Le Chateau obtains CCAA protection, plans to close its doors
alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.

DavidsTea investors enjoy high-fired results of company s wrenching restructuring

by Charlie Smith on December 19th, 2020 at 6:41 AM 1 of 2 2 of 2 A Montreal-based tea merchant looks like it s returned from the dead. This week, DavidsTea shares shot up by 56 percent, closing on Friday (December 18) at US$2.75 on the NASDAQ exchange. It s an astonishing turnaround, considering where the company was just five months ago. Back in July, it sought court protection from its creditors, who were owed $17.3 million. Landlords across the country were demanding monumental amounts of back rent after the pandemic savaged DavidsTea sales at 220 retail outlets. Moreover, the share price fell as low as US$0.70 as investors dump their holdings.

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