Briere Production Group Inc. et al., Receivership

Briere Production Group Inc. et al., a Coquitlam, British Columbia-based production company engaged in the business of acquiring and leasing audio, visual and lighting equipment to be used in film and entertainment, was placed into receivership on May 1 on application by RBC, owed approximately $1.6 million.

In early 2024, RBC learned that the Ministry of Finance had registered a charge against the company’s property due to approximately $90,000 in unremitted employee deductions, income taxes and GST. This constituted an event of default under the credit agreement, but RBC agreed to forbear to allow the company to pursue a going concern sale of its business, subject to various conditions that the company failed to meet. As a result, RBC elected not to extend the forbearance agreement.

BDO is the receiver.

Counsel is Dentons for RBC.