Angus A2A GP Inc. et al., CCAA

Angus A2A GP Inc. et al., a group of companies forming part of the A2A Group, a group of real estate investment companies that raise money from investors through the exempt securities market, obtained CCAA protection on November 14 on application by a group of Canadian investors.

Several lawsuits have been commenced in various jurisdictions against the A2A Group and its management. One of its directors has been found to have committed fraud and misappropriated funds, with an almost US$4 million judgment issued against him.

The investors sought CCAA protection to allow them to organize, to preserve the assets of the companies for the benefit of stakeholders, and to restructure or liquidate, as the case may be, under the supervision of the court.

A&M is the monitor.

Counsel is Fasken for the Canadian investors, Norton Rose Fulbright for the foreign investors, Cassels for the monitor and Carscallen for the A2A Group.