Marc  Wasserman

Marc Wasserman, Partner, Insolvency & Restructuring

Contact Information

  • tel: 416.862.4908
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Bar Admission

Ontario, 2001

Education

  • Osgoode Hall Law School, LL.B.
  • York University, B.A.

Office

Toronto

Language(s)

English

Biography

Marc practises corporate and commercial law in the areas of corporate restructuring, financial services and private equity. He has been involved in many complex corporate recapitalizations, reorganizations and restructurings and related acquisitions, divestures, financings and governance matters. He has expertise in national, cross-border and international matters acting for major debtor corporations, bondholders, equity sponsors, senior lenders, monitors and acquirers. Marc also regularly provides strategic advice and risk analysis on structuring of corporate and lending transactions.

Notable Matters

  • Deutsche Bank in connection with Essar Algoma’s recapitalization under the CBCA and Chapter 15.
  • FTI Consulting Canada in connection with Jaguar Mining’s recapitalization under the CCAA.
  • Telus in its proposed acquisition of Mobilicity through a recapitalization under Canada Business Corporations Act and a plan of arrangement under the Companie’s Creditor’s Arrangement Act
  • Alvarez and Marsal Canada in connection with the CCAA/Chapter 15 proceedings of Arctic Glacier Income Fund and the sale of Arctic’s Canadian and U.S. assets to H.I.G. Capital.
  • Catalyst Paper’s Board of Directors and Special Committee in connection with its recapitalization and CCAA/Chapter 15 proceedings.
  • FTI Consulting Canada in connection with the CCAA proceedings of Priszm Income Fund, the largest KFC franchisee in Canada and Duff & Phelps Canada in connection with the subsequent receivership proceedings of Priszm.
  • Angiotech Pharmaceuticals in connection with its capital restructuring through cross-border CCAA and Chapter 15 proceedings and an exchange offer.
  • Canwest Global Communications in connection with its operational restructuring, financing and $1.1 billion sale of its newspaper business.
  • General Motors of Canada in its successful out of court restructuring in Canada.
  • Mega Brands in connection with their capital recapitalization under Canada Business Corporations Act.
  • Black Diamond and Credit Suisse in connection with the debtor-in-possession financing and first lien loan position for White Birch Paper Company under cross-border proceedings in CCAA and Chapter 11.
  • Circuit City’s Canadian subsidiary (InterTan Canada) in connection with its CCAA proceedings and Circuit City’s Chapter 11 proceedings and sale of 720 retail locations.
  • Avenue Capital and DDJ Capital in connection with the $300 million credit bid in the CCAA and Chapter 11 proceedings of Milacron Canada Inc. and Milacron Inc.
  • Royal Doulton and Waterford Wedgewood in connection with the global sale of the Waterford/Royal Doulton business to KPS Capital Partners L.P.
  • Brookfield in connection with the credit bid acquisition of Maax Corporation and its subsidiaries through cross-border CCAA and Chapter 15 proceedings.
  • Blackrock Financial as proposed administrator in the CCAA restructuring of the asset backed commercial paper market in Canada.
  • Brookfield in its equity sponsorship and bridge lending facilities in Stelco’s $3 billion CCAA proceedings.

Affiliations

  • Insolvency Institute of Canada
  • Ontario Bar Association
  • Turnaround Management Association
  • American Bankruptcy Institute
  • INSOL International

Industry Recognition

  • The Best Lawyers in Canada: Insolvency and Financial Restructuring (2013-2015)
  • Chambers Global: The World’s Leading Business Lawyers (2009-2014): Restructuring/Insolvency
  • IFLR 1000: The Guides to the World’s Leading Financial Law Firms (2009-2013): Restructuring & Insolvency
  • Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada 2012: “Leading Canadian Corporate Lawyers to Watch"
  • The Canadian Legal Lexpert Directory 2014: Insolvency and Financial Restructuring
  • Lexpert “Rising Star - Leading Lawyer Under 40” (2011) 
  • The International Who’s Who of Business Lawyers (2012-2013) 
  • The International Who’s Who of Insolvency and Restructuring Lawyers (2011-2013)
  • Expert Guides 2012:  Guide to the World’s Leading Banking, Financing & Transactional Lawyers - Insolvency and Restructuring

Publications/Events/Education

  • Credit Bidding in Canadian Insolvency Proceedings – A Useful Tool for Secured Creditors requiring Checks and Balances (September 2014) 21, Journal of the Insolvency Institute of Canada Volume 3
  • Chapter 15 Helps Canadian Companies Push the Envelope in Cross Border Restructurings, Journal of Corporate Renewal (Vol. 27, No. 4, May 2014).
  • Ontario Court of Appeal Grants Retirees Priority over Secured Creditors, (June 2011) 23 Comm. Insol. R.
  • Protecting Canadian Creditors:  The Evolving Role of the Monitor in Cross-Border Proceedings, (2010) 26 BFLR 167.
  • Guaranteeing a Going Concern Outcome:  The CCAA Proceeding of the Canwest Publishing Entities, (August 2010) 22 Comm. Insol. R. 6.
  • Successor Employer, Protection of Insolvency Practitioners and Pension Plan Issues in Insolvency Proceedings: 2007 Year in Review, National Debtor Review (Volume 23, No. 1, March 2008).
  • Demand Obligations and Limitation Periods: Hare v. Hare (May 2007) 22:3, Insolvency News 1.
  • In Ontario, Collecting on a Demand Loan has a 2-Year Expiry from Date of Advance, Viewpoint Column, Dow Jones Daily Bankruptcy Review Small Cap (May 2, 2007).