CCAA Proceedings of Sural Quebec Inc. & Sural Laminated Products of Canada Inc.

Sural Laminated Products of Canada Inc. and Sural Québec Inc. (the “Debtors”) filed a petition under the Companies’ Creditors Arrangement Act (“CCAA”). The Superior Court of Québec granted the petition and issued an Initial Order pursuant to the CCAA on February 11, 2019. The Debtors are now under the protection of the CCAA and the Initial Order provides for an initial stay of all proceedings until March 11, 2019 inclusively and appoints PricewaterhouseCoopers as monitor of the business and financial affairs of the Debtors. The Monitor in this matter is a super-Monitor, with many powers similar to those of a receiver