COMPANIES’ CREDITORS ARRANGEMENT ACT (CCAA) ABRIDGED FORM OF INITIAL ORDER

Following a rigorous process of drafting, editing and translation, the Liaison Committee with the Superior Court, Commercial Division, makes available to the members of the Bar of Montreal an abbreviated form of initial order that can be made to under the Companies’ Creditors Arrangement Act (CCAA).

The French and English versions of the proposed initial short form prescription are available on the website of the Barreau de Montréal at http://www.barreaudemontreal.qc.ca , in the “Publications” section. The president of Montreal, Bernard Synnott , has already informed the section’s lawyers by email, and those of the other sections are invited to visit the website.

This short form was developed from a database of several precedents, and aims to simplify the process by providing a well-known terminology that meets the needs of professionals working in the field of financial reorganization.

It is appropriate to mention that the content of this initial order was discussed with representatives of the judiciary and, although each case must be studied on its merits, the proposed formula has the advantage of having been developed in light of some of the comments made by the judiciary. The use of this formula in a CCAA reorganization file may facilitate the hearing of the original order.

In addition, counsel must indicate to the court any difference that may exist between the initial order being sought and the one proposed to you as a short form, with additions or substitutions to be underlined or indicated in the margin by a vertical line. , and deletions to be indicated by dashed parentheses .

In addition, it may be that one or more of the provisions of this initial order must be debated in court, no assurance being given nor any opinion expressed regarding the operative part of this order.

The president of Montreal and the lawyers who participated in the preparation of this work tool hope that you will appreciate it and, if you have any question whatsoever on this subject, do not hesitate to contact the Bar of Montreal at ( 514) 866-9392, extension 27, or general@barreaudemontreal.qc.ca .

DO YOU HAVE A FEW HOURS TO DEVOTE TO YOUR BAR?

The show VISEZ DROIT needs you

For the eighth year in a row, the Barreau de Montréal will be located on the main square of the Complexe Desjardins, from April 12 to April 15, inclusive, with a wide range of activities on the agenda of VISEZ DROIT .

Among these are free legal consultations, quizzes, conferences and mock trials chaired by judges of the Superior Court or the Court of Quebec. All these activities are offered free of charge to the people of Montreal.

The Law Society needs your support for the success of this event, particularly for the free legal consultations, which are a strong point and which, since they are offered continuously during the four days, require a large number of lawyers volunteers in all categories of law.

The barrister of the Bar of Montreal, M e  Bernard Synnott , invites you to volunteer for these consultations, which are offered from 12 to 15 April 2005 from 10 am to 17 pm.

If, like the Barreau de Montréal, you are committed to improving the image of the lawyer, join us and, why not, bring a colleague!