1998514 Ontario Inc. et al., Receivership

1998514 Ontario Inc. et al., Toronto, Ontario-based film and production companies, were placed in receivership on August 20 on application by 7032749 Canada Inc., owed over $11 million.

Each of the companies produced a specific film or television production and was eligible for certain film and television tax credits.

703 made loans to the companies to fund the productions. The loans have matured and remain outstanding despite demands for repayment.

B. Riley Farber is the receiver.

Counsel is Chaitons for 703 and Osler for the companies.