The documents in question are letters between the insolvent university and the Ministry of Training, Colleges and Universities
Laurentian University plans to ask permission to finally make public letters between LU and the province that were sealed by the courts at the beginning of its insolvency in early 2021.
Laurentian expects to go back to court Oct. 5 to seek a “sanction order motion” which approves the plan of arrangement, authorizes its implementation, and releases creditors’ claims against the university. During a hearing on Feb. 10, 2021, lawyers for the Laurentian University Faculty Association and the Ontario Confederation of University Faculty Associations complained about the sealing order.
“It is something that reflects the commercial position of the university and the reality of the financial circumstances in which it finds itself,” Miller said. The sealing order for these documents even remained in place after the Ontario government issued a rare Speaker’s Warrant, compelling Laurentian to produce documents as Ontario’s auditor general conducted an investigation.
The court document says “LU confirmed with the MCU , the other party to the letters contained in the Sealed Exhibits, that it does not oppose the unsealing of the letters upon Plan Implementation.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation hits record 10% in 19 EU countries using euroPrice increases are at their highest level since record-keeping for the euro started in 1997.
Read more »
Six mystery novels to cozy up with this fallThrilling works of fiction to keep you warm as the nights get cooler
Read more »
Person Online Wanted To Know “What Is The Best Response To ‘Why Are You Still Single?’” And 30 People Gave Their SuggestionsWoman Gifts Parents A Bottle Of Champagne For Their One-Year-Old’s Birthday, Goes Viral birthday gifts
Read more »
City council to consider $475K for new multi-sport courtsCanadian Tire Jumpstart Charities would donate $900,000 to the project to develop three multi-sport courts on the site of the existing tennis and basketball courts on Massey Drive.
Read more »
Arizona Coyotes claim Jonas Johansson off waivers from Colorado Avalanche - Daily FaceoffJohansson will likely get a shot at running tandem with Karel Vejmelka during the pre-season.
Read more »
Lululemon settles lawsuit against Peloton over alleged patent infringement – Terrace StandardSettlement comes a day after a New York court dismissed a lawsuit by Peloton
Read more »