Crown Cork & Seal Canada Inc. - Financial Services Tribunal Hearing

File Type:	Pension
File Number:	P0165-2001
File Name:	Crown Cork & Seal Canada Inc.
Act:	Pension Benefits Act
Plan Name:	Crown Cork & Seal Canada Inc. Pension Plans, Registration Nos. 0474205, 0595371, 0338491
Applicant:	Crown Cork & Seal Canada Inc., Counsel: Brent Duguid, Loopstra Nixon LLP
Respondent:	Superintendent of Financial Services, Counsel: Deborah McPhail
Party:
Panel:	Paul Litner (Chair), Heather Gavin, David Short
Hearing Date Information:	11/30/2007 Hearing (cancelled); 08/17/2007 Pre-Hearing Conference continued; 06/26/2007 Pre-Hearing Conference continued (adjourned); 04/05/2007 Pre-Hearing Conference continued (adjourned); 01/09/2007 Pre-Hearing Conference continued (adjourned); 10/12/2006 Pre-Hearing Conference continued (adjourned); 05/12/2003 Pre-Hearing Conference; 10/30/2001 Settlement Conference;
Next Appearance Date:
File Summary: (Go to latest update)	On June 29, 2001, Crown Cork & Seal Canada Inc. requested a hearing with respect to the Superintendent’s Notice of Proposal dated May 29, 2001, to refuse to consent to a transfer of assets proposed by Crown Cork & Seal Canada Inc. from the Crown Cork & Seal Canada Inc. Pension Plan for Salaried Employees, Registration Number 0474205, and the Pension Plan for Clerical Employees of Crown Cork & Seal Canada Inc., Registration Number 0595371, into the Crown Cork & Seal Canada Inc. Pension Plan for Employees, Registration Number 0338491. The basis for the refusal is that the asset transfer does not protect the pension benefits and other benefits of the members and former members of the Plans. At the request of both parties a settlement conference was held on October 30, 2001, prior to the scheduling of a pre-hearing conference. At the settlement conference the parties agreed to adjourn the matter sine die pending discussions between the parties. On February 11, 2003, counsel for the Superintendent requested a pre-hearing conference be scheduled as the parties were unable to resolve the issues in this matter. At the pre-hearing conference on May 12, 2003, the parties stated they would contact the Registrar to resume the pre-hearing conference if they did not resolve the issues at a settlement meeting on May 26, 2003. On June 20, 2003, the parties advised that they expect the settlement discussions to continue. Updated to May 31, 2006 On June 5, 2006, the Tribunal issued to the Applicant, a Notice of Intention to Dismiss the proceeding in accordance with Rule 37 of the Rules of Practice and Procedure for Proceedings Before the Financial Services Tribunal. On June 30, 2006 the Applicant responded to the Notice of Intention and a pre-hearing conference is scheduled for October 12, 2006. *Updated to August 21, 2006* On October 5, 2006, the parties requested an adjournment of the October 12 pre-hearing conference date to provide the Superintendent with adequate time to review and consider submissions filed by the Applicant and to complete their settlement discussions. The adjournment request was granted and the pre-hearing conference is now scheduled for January 9, 2007. *Updated to* *October 6, 2006* On January 3, 2007, the parties advised that the Superintendent was still reviewing the submissions filed by the Applicant and that a further adjournment of the pre-hearing conference was necessary. The adjournment was granted and the pre-hearing is rescheduled to April 5, 2007. *Updated to* *January 10, 2007* On March 29, 2007, the parties requested a further adjournment of the pre-hearing conference as more time is required for the Superintendent to review the submissions filed by the Applicant. The Tribunal granted the request for adjournment and rescheduled the pre-hearing conference to June 26, 2007. *Updated to* *April 2, 2007* On June 19, 2007, the parties requested an adjournment of the pre-hearing conference, scheduled for June 26, 2007, to permit the Applicant time to review and respond to a recent letter of the Superintendent. The Tribunal granted the request and rescheduled the pre-hearing conference to August 17, 2007. *Updated to* *July 20, 2007* On August 15, 2007, the parties requested a further adjournment of the pre-hearing conference scheduled for August 17, 2007 to a date in October, to permit additional time for settlement discussions to take place. The Tribunal denied the request for adjournment and the pre-hearing conference resumed on August 17, 2007. The hearing is scheduled for November 30, 2007, in the event the matter does not settle. *Updated to* *August 20, 2007* On October 9, 2007, the Applicant advised the Tribunal that the matter was settled and withdrew its request for hearing. The Tribunal cancelled the November 30 hearing date and closed its file. *Updated to* *October 19, 2007* Top of Summary
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