Robyn M. Ryan Bell

The applicant sought leave to appeal an order directing the receiver to file a Payments Report detailing distributions made by the insolvent companies.

The applicant argued the report could prejudice his ongoing criminal proceedings in the United States.

The Court of Appeal dismissed the motion for leave to appeal, finding that the receiver's duty is to the economic interests of the estate's stakeholders, not to protect a stakeholder's personal interest in avoiding prejudice in foreign criminal proceedings.

The proposed appeal was found to lack prima facie merit.

The court-appointed receiver of a corporation recommended that the company enter a plea agreement and plead guilty to a charge of mail fraud in the United States.

The motion judge approved the recommendation as being within the bounds of reasonableness.

The appellants appealed, arguing the receiver failed to properly assess the risk of conviction and the benefits of the plea agreement.

The Court of Appeal dismissed the appeal, finding no error in the motion judge's conclusion that the receiver's assessment of the risk of conviction, cost savings, and reduced exposure to civil liability and restitution was reasonable.