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.
A message to Students from Laurentian’s President
Hello, Aanii, Bonjour, Together, we as a community at Laurentian University are navigating a path forward and working hard to ensure that our students receive accurate and current information about the steps we are taking. When Laurentian announced its...
When Community Puts Students First: Laurentian University
Robert Haché is president and vice-chancellor of Laurentian UniversityIt has been a few weeks of upheaval for Laurentian University. For Sudbury. For Northern Ontario. We, Northern Ontario’s oldest university, are insolvent and the decision to commence proceedings...
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...
A Message to Students: Laurentian’s Call for Optimism
Hello, Aanii, Bonjour, Just a few days ago, Laurentian announced that it had started a formal court proceeding in order to restructure itself. We know that it’s difficult news for our community. For our faculty and our staff. For our alumni, our friends. And...
Important Message from Dr. Robert Haché, President Laurentian University
Hello, Aanii, Bonjour, Let me begin by saying that our students and their post-secondary experience is the number one priority of Laurentian University. Our faculty and staff are critical to providing this student experience. I write to you today with a difficult but...
Laurentian University Commences Proceedings Under the Companies’ Creditors Arrangement Act
Sudbury – Laurentian University of Sudbury (Laurentian) today commenced a court proceeding under the Companies’ Creditors Arrangement Act (CCAA). Laurentian’s Board of Governors and Administration determined that commencing these proceedings is the best path...