Tullis Russell Papermakers Limited

Creditor and stakeholder information

On July 14, 2015, the Ontario Superior Court of Justice (Commercial List) issued Orders recognizing the administration proceeding in respect of Tullis Russell Papermakers Limited (the “Foreign Debtor”) in the United Kingdom for protection under The Insolvency Act 1986 (c. 45) as a foreign main proceeding pursuant to section 269 of the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3, as amended. Pursuant to a notice of appointment by its directors KPMG LLP (the “Foreign Representatives”) were appointed as Joint Administrators of the affairs, business and property of the Foreign Debtor on April 27, 2015. Pursuant to the Supplemental Recognition Order, KPMG Inc. was appointed as Information Officer in Canada.

On April 26, 2018, the requisite forms were registered by the Registrar of Companies and TRP was placed into Creditors’ Voluntary Liquidation (the “Liquidation”). The Joint Administrators were appointed as Joint Liquidators of the Foreign Debtor (in such capacity, the “Joint Liquidators”) and the funds held at the expiry of the administration were transferred to the Liquidation.

On April 23, 2021, the Ontario Superior Court of Justice (Commercial List) issued an Order approving the termination of the Canadian Recognition Proceedings and the discharge of the Information Officer, upon the filing of the Information Officer's Certificate with the Court.

On March 28, 2024, the Information Officer received confirmation from the Joint Liquidators that the Foreign Proceedings have concluded. As such, the Information Officer filed the Information Officer's Certificate with the Court, resulting in the conclusion of the Canadian Recognition Proceedings and the discharge of the Information Officer.

Contact Information

George Bourikas
gbourikas@kpmg.ca

Other Documents

Enclosure 1 - Interim UK Court Order [PDF 95 KB] - 8/4/2015

Update on Foreign Recognition Proceeding [PDF 127 KB] - 8/18/2015

Enclosure 2 - Schedule 1 Powers of Administrative Receiver - Insolvency Act [PDF 325KB] - 8/19/2015

Confirmed Appointment Letter [PDF 210 KB] - 8/20/2015

First Progress Report of the Joint Administrators [PDF 293 KB] - 1/21/2016

Second Progress Report of the Joint Administrators [PDF 195 KB] - 6/8/2016

Third Progress Report of the Joint Administrators [PDF 191 KB] - 12/5/2016

Fourth Progress Report of the Joint Administrators [PDF 258 KB] - 6/9/2017

Fifth Progress Report of the Joint Administrators [PDF 192 KB] - 12/12/2017