AAER Inc.
On April 8, 2010, AAER Inc., AAER USA Inc. and Wind-Smart LLC, North American manufacturers of reliable, megawatt-sized wind turbines, filed a motion to the Superior Court of Quebec (Commercial Division) of the District of Bedford to obtain protection under the Companies’ Creditors Arrangement Act (CCAA). The order rendered the same day confirms the appointment of Samson Bélair/Deloitte & Touche Inc. as Monitor. At the Debtors’ request, the Court rendered on May 7, 2010, an order authorizing the establishment of procedures relating to the claims process and creditors’ meeting and extending the stay of proceedings period until June 2, 2010. On June 2, 2010, an order has been rendered extending for the second time the stay of proceedings until June 7, 2010. On June 7, 2010, an order has been rendered extending for the third time the stay of proceedings until June 9, 2010. On June 9, 2010, an order has been rendered extending for the fourth time the stay of proceedings until July 7, 2010. On July 7, 2010, the Court rendered an order modifying the Claim Process Order and extending the stay of proceedings until August 11, 2010. Also on July 7, 2010, the Debtors have filed a Plan of Reorganization and Compromise which has been submitted to the vote of creditors on August 9, 2010 and duly accepted. The Plan has been approved by the Court by an order rendered on August 11, 2010.
Court Documents
- Motion for the Issuance of an Initial Order Pursuant to Section 11 and Following of the CCAA dated April 7, 2010 (original French version)
- Initial Order dated April 8, 2010 (original French version)
- Motion for a First Extension of the Initial Order and to Establish the Procedures Relating to the Claims Process and the Creditors’ Meeting dated May 6, 2010
- Order regarding the Motion for a First Extension of the Initial Order and to Establish the Procedures Relating to the Claims Process and the Creditors’ Meeting dated May 7, 2010
- Motion for authorization to sell most of AAER Inc.'s assets and for a second extension of the initial order dated June 1st, 2010
- Order regarding the Motion for authorization to sell most of AAER Inc.'s assets and for a second extension of the initial order dated June 1st, 2010
- Order regarding the Motion for authorization for a third extension of the initial order dated June 7, 2010
- Motion for a third extension of the initial order and for postponement of the annual meeting of shareholders dated June 7, 2010
- Order regarding the Motion for a third extension of the initial order and for postponement of the annual meeting of shareholders dated June 9, 2010
- Motion for a fourth extension of the initial order and for authorization to file a Plan and to send notice of creditor's meeting dated July 6, 2010
- Order regarding the Motion for a fourth extension of the initial order and for authorization to file a Plan and to send notice of creditor's meeting dated July 7, 2010
- Motion to Sanction the Plan of Reorganization and Compromise and to Approve a Reorganization dated August 9, 2010
- Order regarding the Motion to Sanction the Plan of Reorganization and Compromise and to Approve a Reorganization dated August 11, 2010
Reports and Statements
- First Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Proposed Monitor dated April 8, 2010 (original French version)
- Second Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated May 6, 2010 (original French version)
- Third Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated June 1st, 2010 (original French version)
- Fourth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated June 7, 2010 (original French version)
- Fifth Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated July 6, 2010 (original French version)
- Sixth Monitor's Report Issued to the Creditors on the Plan and Issued by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated July 12, 2010
- Seventh Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor dated August 10, 2010 (original French version)
Press Releases
- AAER Obtains Court Protection to Restructure dated April 8, 2010
- AAER Obtains Extension of Stay Period Under CCAA dated May 7, 2010
Creditors' Information
- Creditors List dated April 8, 2010
- Notice to Creditors dated April 13, 2010
- Notice to Creditors [The procedures relating to the claims process and the Claims Bar Date to be set at 5:00 p.m. (EDT) on May 31, 2010] dated May 12, 2010
- Proof of Claim
- Information Sheet Regarding the Proof of Claim Form
- Claims Process Order dated May 7, 2010
- Plan of Reorganization and Compromise of AAER Inc. dated July 12, 2010
- Notice to Creditors Meeting of Creditors on August 9, 2010, in Bromont, Québec dated July 12, 2010
- Proxy
- Voting Letter
- Minutes of a Creditors Meeting held on August 9, 2010, at 10 :00, in Boardroom C of Château Bromont, Quebec, stating the results of the vote on the Proposed Plan (original French version)
Investors' Information
- Acquisition/Investment Opportunity of an International Wind Turbine Company dated April 12, 2010
Should you have any questions, please contact us at:
Samson/Bélair Deloitte & Touche Inc.
CCAA Monitor of AAER Inc.
1 Place Ville Marie, Suite 3000
Montreal QC H3B 4T9
Jean-François Nadon, CA, CIRP
Phone: 514-393-5042
Fax: 514-390-4103
Canada: 1-877-856-9043
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