Neptune Security Services Inc., Receivership

Neptune Security Services Inc., a Québec-based private security firm that has secured hundreds of millions of dollars in public contracts, including with the Royal Canadian Mounted Police and the Sûreté du Québec, Québec's provincial police force, was placed in receivership on May 18, on application by TD Bank. The company has recently made headlines for being under investigation by the Autorité des marchés publics, the agency that oversees public contracts in Québec, for questionable business practices and allegedly being headed by a man with a double identity. The investigation ultimately led to a five-year ban on public contracts in Québec. msi Spergel inc. was appointed Receiver. Blaney McMurtry is counsel for TD Bank. Manis Law is counsel for the company.

By: Dina Milivojevic