Operations & Management
British Columbia court grants creditor protection extension to Northern Pulp extension
September 1, 2023 By CBC News
Officials with the Northern Pulp mill should know soon whether they’ll reach a settlement with the Nova Scotia government over the Pictou County-based operation’s 2020 shutdown and other matters, or if the two sides will find themselves back in court.
The company received a 10th extension of its creditor protection during a brief hearing in a British Columbia court on Wednesday. A judge agreed to the company’s request to extend the stay until Nov. 30.
Lawyers for the Nova Scotia government did not oppose the company’s request.
The B.C. court ordered Northern Pulp and the Nova Scotia government into non-binding mediation in 2022 as part of the creditor protection process in an attempt to try to resolve legal disputes between the two sides. The most recent court documents indicate that the process could be wrapping up soon.
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