All 27 Red Lobster restaurants in Canada are expected to remain open following approval of the company's restructuring plan by a Canadian court on Sept. 10, reports the CBC. 

A judge of the Superior Court in Toronto, Ontario, granted an order that recognizes the plan approved by a US bankruptcy judge the previous week.

As previously reported by Undercurrent News, US judge Grace Robson approved a plan on Sept. 5 that allows the world's largest seafood restaurant chain to emerge from Chapter 11 bankruptcy by agreeing to be purchased by an ownership group led by Fortress Investment Group. 

Court documents show that Fortress and other lenders acquiring Red Lobster are forgiving company debt and have agreed to provide an additional $70 million equity investment.

Red Lobster filed for Chapter 11 on May 20, as reported by Undercurrent, and shuttered about 100 of its 648 restaurants since then. 

The company, founded in the US in 1968, expanded into Canada in 1983. The chain employs about 2,000 people in Canada, primarily in Ontario, with other locations in Calgary, Edmonton, Regina, Saskatoon and Winnipeg.

The restructuring is expected to allow all Canadian restaurants to remain open as part of the approximately 544 locations that will continue to operate, reported the CBC.

"The plan, when implemented, will continue the operation of Red Lobster's restaurants in Canada, preserve the employment of the RL Canada's employees and maintain the value of RL Canada's business for the benefit of all stakeholders, including landlords, suppliers and customers," the company said in a Sept. 9 report ahead of the Sept. 10. hearing.