Validus Power Corp. et al., CCAA

Validus Power Corp. et al., an Ontario-based power generation company, was granted CCAA protection on August 29, 2023. The company was previously placed into receivership on August 10, 2023, on application by Macquarie Equipment Finance Limited, owed approximately $56 million. The CCAA application was brought by KSV as Receiver of the company. KSV was appointed Monitor, represented by Norton Rose. Torys is counsel for Macquarie, Minden Gross is counsel for the company and Bennett Jones is counsel for Hut 8 Mining Corp.

By: Dina Milivojevic