KSV Advisory featured in Morning Star article: NEXII Building Solutions Commences Proceedings Under the CCAA
The Initial Order provides for, among other things, a stay of proceedings in favour of Nexii, the approval of debtor-in-possession financing ("DIP Financing") and the appointment of KSV Restructuring Inc. as monitor of Nexii (in such capacity, the "Monitor"). The Initial Order also extends the stay of proceedings to entities related to Nexii that are not petitioners in the CCAA Proceedings.