MCS Energy

A. Farber & Partners Inc. was appointed as a limited-power Interim Receiver (the “Interim Receiver”) of MCS Energy 21 Inc., MCS Energy 16 Inc., MCS Energy 17 Inc., MCS Energy 20 Inc. and Genphix Corporation (collectively, the “Companies”) pursuant to the June 7, 2019 Appointment Order of The Honourable Madam Justice Conway. The Interim Receiver was authorized, but not obligated, to perform certain tasks including:

  1. Assess what is required and the cost to complete all necessary work to fulfill the Companies’ obligations on the Rink and Auto projects (as defined in the Application Record);
  2. Investigate and report to the parties and the Court on the use of funds and financial position of the Companies subject to terms that protect the confidential information of the Companies.

The Interim Receiver has submitted its Confidential First Report and Confidential Supplement to the First Report to the parties and the Court. The parties have entered into Minutes of Settlement which are subject to final Court approval and vesting orders as set out in the Endorsement of Justice Conway July 30, 2019. A hearing date for the final Court approvals has not yet been set.

Status Updates

On January 6, 2020, the Court issued an Order (the “Discharge Order”) discharging A. Farber & Partners Inc. as the Interim Receiver.


Court Documents