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Toronto – Ontario refused Judge Hudson’s floor reconstruction agreements, increases the possibility that the lender will push the company to buyers.
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On Saturday, on a written decision, Ontario, the superior court, Judge Peter Osborne said he refused to confirm the agreement, because it was “nor it not right now.”
The agreement would not give a April to rescue the stores in the process of processing only, but the company would have handed over electricity to retail process on the lender’s protection process.
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The agreement would apply a budget about us, if Hudson had to inform the companies that regularly lend to lenders, thus allow the retailer’s assets to pay for the unpaid debt.
If Hudson had reached an agreement with a new buyer with a new buyer, the contract will also require approval of lending.
Osborne said that the budget was not presented to the court or other stakeholders or other stakeholders to confirm the agreement for the exclusion of other stakeholders to other stakeholders.
It is also enough to balance Hudson’s Gulf to manage Hudson’s Gulf to the lender’s protection process, and to balance the rights of lender with other stakeholders.
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Osborne’s decision notes the latest stage of protection in the protection of Canada on March 7, because on March 7, it was so important for the material difficulties, homeowners and suppliers were postponed to the hosts and suppliers.
As part of this trial, Hudson’s bay is all in the fifth and three residents of the fifth and three inhabitants of the Hudson Gulf this week, but in the fifth and three residents of the Hudson Gulf. So far, the most saved six, larger Toronto and larger montreal areas are divided. The company negotiated the place to add or remove more store without elimination.
Re-establishment contract, some saw this as one of the only things that Hudson’s Bay lenders would like to leave the court’s seller to the buyer.
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The buyer is a process where a company’s assets are controlled by the third party lenders.
Representatives of Hudson’s Gulf and high-level lenders did not immediately comment on the approval of Osborne on Saturday.
Many of the creditors argued in favor of the agreement in court last week.
“We do not want to fight. A buyer application,” A lawyer for Linc Rogers, Bay Lender’s lawyer, on Thursday.
“We look at this court and said that a better way forward.”
However, Ivanhoe Cambridge, Oxford FEATURES, Cushman and Wakefield, Morguard, Riocan Real Estate Investment Investment and Kingsettt Capters have confirmed the best way to confirm the agreement.
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He trusted in another process that Hudson will see the bay of Hudson’s bay will receive offers from potential buyers for all work or its assets.
A lawyer for David Bish for Cadillac Fairview, who owned the Bay of Hudson, will prevent any road from the company to adopt a lawyer to the David Bish, to adopt the reconstruction contract.
“They do not encourage reconstruction. They are encouraged to cancel,” Bish is charged in court on Thursday.
Rogers, who represents the recovery of the creditor, did not agree.
“We want to defend,” he said. We do not want a reward. “
At a time, even Hudson suggested to eliminate an extra few weeks to give a few weeks, the abolition of six stores, “he prepared to be ready to take extra risk,” he said.
“We do not want to choose battles,” he said. “We want to resolve the issues.”
In turn, Hudson claimed in favor of the court, which confirmed the Bay agreement, but his lawyer said the customer was not organizing his coveted.
Ashley Taylor preferred the time, the number of stores, the number of stores and the Gulf of Hudson.
“It was not a very pleased result,” he said on Wednesday.
This report was published by the Canadian media for the first time on March 29, 2025.
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