Michael  De Lellis

Michael De Lellis, Partner, Insolvency & Restructuring

Contact Information

  • tel: 416.862.5997
Download V-Card

Areas of Expertise

Bar Admission

Ontario, 2003

Education

  • Osgoode Hall Law School, LL.B.
  • Schulich School of Business, M.B.A.
  • University of Toronto, B.Comm.

Office

Toronto

Language(s)

English

Biography

Michael focuses on insolvency and restructuring law with an emphasis on plans of arrangement under the Companies’ Creditors Arrangement Act, proposals and bankruptcies under the Bankruptcy and Insolvency Act, secured transactions and the enforcement of debtor and creditor rights.

Notable Matters

  • Canwest Global Communications Corp. and its subsidiaries in connection with their restructuring under the Companies’ Creditors Arrangement Act 
  • SemCAMS ULC, SemCanada Crude Company, SemCanada Energy Company, A.E. Sharp Ltd., CEG Energy Options, Inc. and 1380331 Alberta ULC in their CCAA restructuring proceedings
  • Gordon Brothers Retail Partners LLC in its loan to Cotton Ginny
  • HMR Canada I Inc. and GBR, Inc. in its capacity as agent in the sale of certain assets, property and undertakings of Music World Limited under the CCAA
  • HMR Canada II Inc. in its capacity as agent in the sale of certain assets, property and undertakings of Linens ‘n Things
  • PPD Development LP, an unsecured creditor in the CCAA proceedings of Viventia Biotech Inc.
  • Citizens Bank of Rhode Island in its credit facilities to, and thereafter RSM Richter Inc. as receiver of, Paramount Holdings Canada Company and Image Craft Inc.
  • Krispy Kreme Doughnut Corporation and KremeKo Inc. In the restructuring and sale of Krispy Kreme’s Canadian operations
  • The Lending Syndicate and Ernst & Young Inc. as trustee in bankruptcy and receiver and manager of The Royal Crest Life Care Group Inc., a significant chain of nursing and retirement homes
  • Archibald Candy Corporation and Archibald Candy (Canada) Corporation (Laura Secord) in the cross-border and sale of Laura Secord
  • Carl Icahn and High River Limited Partnership in connection with the cross border insolvency proceedings of Philip Services Corp. and Philip Services Inc.

Affiliations

  • Law Society of Upper Canada
  • Canadian Bar Association
  • Ontario Bar Association
  • Turnaround Management Association

Publications/Events/Education

  • Emerging Trends and Practices for Recognizing International Insolvencies under New Part IV of the CCAA, (2011) 27 BFLR 125 (co-authored).
  • Protecting Canadian Creditors: The Evolving Role of the Monitor in Cross-border Proceedings, (2010) 26 BFLR 167 (co-authored).
  • Overview of the Ontario Personal Property Security Act, 9th and 10th Annual “Perfect Your PPSA Skills” Program.
  • Substantial Amendments to Ontario’s PPSA Legislation, National Creditor Debtor Review, July 2007.
  • Radwan v. Arteif Furniture Manufacturing, (2002) ABQB 742, Insolvency News Volume 18, No. 2 (January 2003) 12.
  • Is the doctrine of equitable subordination coming to Canada?, Lawyers Weekly, January 17, 2003 (co-authored).