The applicant brought an ex parte initial application for an interim order relating to a proposed plan of arrangement under the Business Corporations Act.
The court granted the interim order but issued this endorsement to provide directions to the bar regarding the information that should be included in factums for such applications.
The court emphasized that while the purpose of an interim motion is not to assess the ultimate fairness of the plan, the court still requires concrete qualitative and quantitative explanations of fairness to determine appropriate terms of service and meeting parameters.
