Pope and Talbot Creditor Proceedings Move To B.C.

Monday, November 19, 2007 11:28 AM

Pope & Talbot  has consented to moving its restructuring process, under the Companies' Creditors Arrangement Act, from the Ontario Superior Court of Justice to the Supreme Court of British Columbia. The move follows an application filed by the Province of B.C.

The Province applied to have the matter moved to British Columbia in order to ensure that communities, creditors, employees, First Nations and other stakeholders affected by the restructuring would have fair, convenient and timely access to the judicial and administrative decision-making processes affecting them.

A number of stakeholders, including municipalities, unions and contractors, also retained legal counsel and filed affidavits in support of the Province's application.

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