On November 25th, 2017, Corbeil Électrique Inc. (“Corbeil”) completed the sale of substantially all of its business and assets on a going concern basis to AM-CAM Électroménagers Inc., a subsidiary of Distinctive Appliances Inc., in the context of Corbeil’s proceedings under the Companies' Creditors Arrangement Act. Corbeil is a leading retailer of appliances based in Montreal (QC) with a network of 31 corporate and franchise stores.
Osler, Hoskin & Harcourt LLP represented Corbeil Électrique Inc. with a team led by Niko Veilleux (Corporate) and Sandra Abitan (Insolvency and Restructuring) which included Guillaume Falardeau (Corporate), as well as Yan Besner, James Povitz (Real Estate) and Julien Morissette (Insolvency and Restructuring).