Practice Profile
Restructuring & Insolvency
The Cassels Brock Restructuring and Insolvency group offers decades of collective experience, and advises on all aspects of reorganizations and restructurings, creditors' remedies and commercial litigation. We have a highly regarded profile in international markets and frequently represent internationally-based clients in Canadian and cross-border restructurings and insolvencies. Our numerous domestic relationships with leading insolvency professionals and lenders involve us in a wide range of matters. We have represented domestic and international financial institutions and investors, commercial and financial organizations, creditors' committees, receivers, trustees, debtors and acquirers in reorganizations and insolvencies in Canada and around the world.
Members of our Restructuring and Insolvency practice helped pioneer the Canadian cross-border insolvency system and we have acted in precedent-setting cross-border filings. We have advised the Government of Canada on amendments to Canadian laws that respond to the new realities of global business, and we are active and/or exclusive members of many North American and international insolvency organizations.
We offer expert legal advice and counsel on all aspects of restructuring and insolvency matters, including:
Reorganizations and Restructurings:
- identifying solutions for viable businesses in financial difficulty
- planning and implementing formal and informal restructurings
- advice on directors' and officers' liabilities and responsibilities
- advice on environmental, labour and priority claims responsibilities
- specialized assistance in resource company insolvencies
- structuring DIP lending transactions
- advice to lenders in multi-party and syndicated loan transactions
- restructuring asset-lending and security arrangements for suppliers and manufacturers
- negotiating, structuring and financing of merger and acquisition transactions in insolvencies
- security reviews
Security Enforcement and Creditors' Remedies:
- strategy formulation to maximize loan recoveries
- enforcement of security through contractual remedies or court proceedings
- advice in arrangements, receiverships, liquidations, and bankruptcies
- strategy and advice to lenders and investors to maximize results in court-supervised restructurings
- cross-border litigation and enforcement proceedings
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