Insolvency and Restructuring

Wooden puzzle.

Osler’s Insolvency & Restructuring Group is Canada’s leading multi-disciplinary practice offering top-tier legal expertise in all aspects required to resolve the most compelling business challenges. Our team based, multi-disciplinary approach delivers innovative and integrated solutions for complex business-critical matters and has been ranked Band 1 in Chambers Canada, one of the world's leading legal directories. Osler succeeds for several reasons:

  • Diverse Clientele and Wide-Ranging Scope. We act for all types of clients dealing with challenging business circumstances and deliver leading-edge counsel in complex matters throughout the North American economy. We are relied upon as tested and trusted advisors to directors, senior executives, in-house counsel, credit and investment officers and fund managers, as well as other professional advisors, court-appointed officers and regulators. In addition to providing advice and leadership in distress situations, we are frequently consulted on mergers & acquisitions, securitizations and derivatives, credit matters, supply chain management, financial reporting and governance in business-critical situations.
  • Multi-Disciplinary Approach. Solving complex business challenges requires an integrated application of expertise and perspective across many different disciplines. Osler’s Insolvency & Restructuring practice is based on a multi-disciplinary approach that draws upon market leading resources throughout the Firm to deliver integrated solutions seamlessly and effectively to meet the needs of any business-critical situation.
  • Cross-Border Strength. We have extensive relationships with U.S. based advisors and have earned a leadership position in crafting comprehensive cross-border solutions in North America. We were among the first counsel globally to structure cross border protocols governing administrative process, substantive treatment and court-to-court communications in international insolvencies and we continue to be leaders in North America in that regard.
  • Scalable Staffing with Deep Expertise. We invest heavily in the training and development of our personnel and have built a dedicated team with rigorous standards and market leadership for over 30 years. Our clients gain the benefit of a professional “depth chart” at varying levels of seniority that allows us to tailor the team to meet the demands of any business-critical situation in a cost-effective manner while providing innovative solutions that only deep expertise can. That experience and expertise allow Osler to deliver practical, commercially achievable solutions to compelling business challenges.
  • Rapid Response. We engage quickly, efficiently and effectively to meet the needs of any business-critical situation, regardless of the level of complexity.

Call us when it matters.

Business-Critical Transaction and Advisory Services

We provide a full suite of business-critical transaction and advisory services in challenging circumstances including:

  • Agent’s Counsel (Syndicates)
  • Bankruptcies
  • Capital Restructurings
  • Committee Counsel
  • Creditor’s Counsel
  • Credit Amendments
  • Credit Structuring
  • Crisis Management
  • Debtor’s Counsel
  • DIP Financings
  • Distressed M&A
  • Forbearances
  • Governance
  • Informal Restructurings
  • Insolvency Proceedings
  • Lender’s Counsel
  • Liquidator’s Counsel
  • Monitor’s Counsel
  • Operational Restructurings
  • Plans of Arrangement
  • Plans of Compromise
  • Plans of Reorganization
  • Proposals
  • Receiver’s Counsel
  • Regulatory Counsel
  • Refinancings
  • Transaction Review
  • Trustee’s Counsel

 

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Marc Wasserman

Partner, Insolvency and Restructuring

Toronto

Sandra Abitan, Ad. E.

Montréal Managing Partner

Montréal, New York

Mary Buttery, KC

Partner, Litigation

Vancouver

Randal Van de Mosselaer

Partner, Insolvency and Restructuring

Calgary

  • Ernst & Young

    Ernst & Young as court-appointed Monitor of the Zenabis group and its sale to SNDL

  • TELUS Health Solutions Inc.

    TELUS Health Solutions Inc. in connection with the restructuring of ChronoMétriq Inc. and Health Myself Innovations Inc.

  • Credit Suisse AG

    Credit Suisse in its capacity as agent for the first lien lenders to Dominion Diamond Mines ULC

  • Nemaska Lithium Inc.

    A potential bidder in Nemaska Lithium’s CCAA restructuring

  • Delphi Energy Corp.

    Delphi Energy Corp. in its restructuring transaction under the CCAA

  • Frank and Oak

    Modasuite Inc., doing business as Frank and Oak completes sale transaction

  • Just Energy Group Inc.

    Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction

  • Comark Holdings Inc.

    Comark completes sale transaction and emerges from creditor protection

  • TPG

    TPG in its submission of a stalking horse bid for Cirque du Soleil’s assets in partnership with Fosun, Caisse de dépôt et placement du Québec and Investissement Québec

  • Pier 1 Imports Inc.

    Pier 1 Imports in its Chapter 11 and CCAA Recognition Proceedings

  • Deloitte Restructuring Inc.

    Deloitte Restructuring Inc. in the CCAA Proceedings of Stornoway Diamond Corporation and affiliated entities

  • Essar Steel Algoma

    Algoma Steel Inc. and certain senior secured term lenders in Canada in Algoma’s acquisition of substantially all the assets of Essar Steel Algoma in connection to a restructuring under the CCAA

  • KPMG Inc.

    KPMG Inc. in connection with Gymboree Inc.’s proceedings under the Bankruptcy and Insolvency Act

  • Alvarez & Marsal Canada Inc.

    Alvarez & Marsal Canada Inc., as Receiver to Erwin Hymer Group North America Inc., announces proposed acquisition of Roadtrek RV brand by Rapido SAS

  • Concordia International Corp.

    Osler advises the Secured Debtholder Committee of Concordia International Corp. in connection with US$3.7 billion recapitalization transaction

  • Corbeil Électrique Inc.

    Corbeil Électrique Inc., in connection with the sale of substantially all of its business and assets to AM-CAM Électroménagers Inc.

  • Brookfield Capital Partners Ltd.

    Brookfield Capital Partners Ltd., lenders to Stelco Inc., in its CCAA proceedings

  • KPMG Inc.

    KPMG Inc. in connection with the receivership of Half Moon Lake Resort Ltd. and Armac Investments Ltd.

  • Tervita Corporation

    Tervita Corporation completes $3.5 billion recapitalization transaction under the Canada Business Corporations Act

  • Postmedia Network Canada Corp.

    Postmedia completes Recapitalization Transaction under the Canada Business Corporations Act

  • Nortel Networks Corporation

    Nortel Networks Corporation in its execution of global settlement and support agreement

  • Ben Moss Jewellers Western Canada Ltd.

    Ben Moss Jewellers Western Canada Ltd. in its proceedings under the CCAA

  • Target Canada Co.

    Target in connection with the wind-down of its Canadian operations under the Companies’ Creditors Arrangement Act

  • Comark Inc.

    Comark Inc., one of Canada's leading specialty apparel retailers, in its CCAA proceedings

  • Cash Store

    Cash Store’s Special Committee and subsequently its CRO in connection with its CCAA proceedings and sale to National Money Mart

  • Find More

  • Chambers Canada: Canada's Leading Lawyers for Business: Recognized in Restructuring and Insolvency (Band 1)
    • " What I like about them is the high level of senior attention - they provide a hands-on approach and great access all the time. I can't say anything but good things about them - they always deliver."
    • "A very impressive practice. They are very strong and have good depth."
  • Chambers Global: The World's Leading Lawyers for Business: Recognized in Restructuring and Insolvency (Band 1)
    • "...[Osler] has a full-service team and they mobilise quickly to get up to speed. They are responsive, hard-working and quick to address issues. Their organisational abilities and their confidence and assertiveness are very good as well."
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Restructuring and Insolvency (Tier 1)
  • Global Restructuring Review 30: Recognized as a top 30 leading law firm in the world for cross-border Restructuring and Insolvency
  • The Canadian Legal Lexpert Directory: Recognized in Insolvency & Financial Restructuring (Toronto, Ontario; Montreal, Quebec)
  • The Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada: Recognized in Insolvency and Financial Restructuring
  • The Lexpert Guide to the Leading US/Canada Cross-border Litigation Lawyers in Canada: Recognized in Insolvency and Financial Restructuring
  • The Legal 500: Recognized in Restructuring and Insolvency
  • Who’s Who Legal: Recognized in Restructuring & Insolvency
  • Benchmark Litigation Canada Awards: Osler shortlisted for Firm of the Year, Insolvency, 2019
  • Benchmark Litigation Canada: The Definitive Guide to Canada's Leading Litigation Firms and Attorneys: Osler lawyers recognized as leaders in Insolvency