KSV Advisory featured in The Globe and Mail article: Receiver appointed to five more Toronto-area housing projects
On Nov. 14, 2023, Justice Barbara A. Conway of the Ontario Superior Court of Justice appointed KSV Advisory as the receiver for Vandyk Uptowns Ltd., one of several Vandyk projects plagued by delays and non-payment of loans and contractors. In that order was a separate but connected requirement for a receiver to be appointed on four other projects – Vandyk-Heart Lake Ltd.; Vandyk-The Ravine Ltd.; Vandyk-Lakeview-DXE-West Ltd.; and 2402871 Ontario Inc. The appointment was to be made by Monday unless a series of conditions were met (including repaying its debts, or presenting the court with a deal to sell assets with no unmet financing or diligence conditions).