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The court approved MEC’s restructuring steps under the CCAA, including full interim financing, a KERP, a stay extension, and the Kingswood sale.
The court exercised its s.11 CCAA discretion to appoint Miller Thomson and Cox & Palmer as representative counsel because their proposal best balanced efficiency, effective communication (including use of online fora), cost‑effectiveness and a limited initial mandate cognizant that users fund the professional costs; the court directed the Monitor to solicit expressions of interest and, with representative counsel, recommend a diverse representative committee to the court.
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