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Insolvent Validus Power enters CCAA protection

KSV Advisory featured in Bay Today article "Insolvent Validus Power enters CCAA protection I Bay Today"

"In August, the court initially placed the Validus properties in receivership. Entering the CCAA now jumpstarts the sales process. KSV Advisory, previously the court-appointed receiver, is now the monitor during CCAA. In court documents, KSV supported entering into CCAA as it might spur interest in the plant assets from other potential bidders. “Timing is important,” said KSV, adding that the sales process “should commence as quickly as possible” for a number of reasons."