On February 1st, Laurentian University commenced a court proceeding for a formal restructuring to be undertaken pursuant to the Companies’ Creditors Arrangement Act (CCAA).

The court proceeding will provide a court-supervised platform for the University to financially and operationally restructure, and become sustainable long-term. The target date for completion of the key components of the restructuring plan is April 30, 2021.

The ultimate goal of the restructuring is to ensure that current and future students will continue to have access to a high quality post-secondary education at Laurentian for years to come.

Click here to read Dr. Robert Haché’s announcement to the community regarding the filing.

Appointment of Court-Appointed Mediator

As part of the Laurentian University insolvency proceeding, the Honourable Justice Sean Dunphy, a judge of the Ontario Superior Court of Justice has been appointed as a Court-Appointed Mediator. Justice Dunphy is bilingual and is very experienced in insolvency and...