Insolvency and Restructuring

Overview

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.  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

 

Related Expertise
  • Comark Inc.

    Comark Inc., one of Canada's leading specialty apparel retailers with approximately 300 stores operating under three divisions: Ricki's, Bootlegger and cleo, on the sale of its business and assets to Pacific West Commercial Corporation (Pacific West), an affiliate of Vancouver-based Stern Partners Inc. (Stern Partners)

  • Cash Store

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

  • Homburg Invest Inc.

    Homburg Invest Inc. in its stabilization and operational restructuring under the CCAA

  • Alvarez & Marsal Inc.

    Alvarez & Marsal Inc., as court appointed monitor in Arctic Glacier’s CCAA proceedings and in the ancillary proceedings under the US Bankruptcy Code

  • TravelBrands Inc.

    TravelBrands Inc., owners of retail and wholesale brands including Sunquest, Holiday House, Exotik Tours, and Belair Travel, in its proceedings under the CCAA.

  • Southern Pacific Resource Corp

    The Ad Hoc Committee of Second Lien Noteholders in the CCAA proceedings of Southern Pacific Resource Corp., a junior oil sands exploration company in Alberta.

  • Deutsche Bank Trust Company Americas

    Deutsche Bank Trust Company Americas, as Administrate & Collateral Agent, in the CBCA proceedings of Essar Steel Algoma and certain other related companies.

  • Richter Advisory Group Inc.

    Richter Advisory Group Inc. (Richter), as trustee to Mexx Canada Company (Mexx), in one of the largest retail sector filings in Canada under the BIA.

  • BCE Inc.

    BCE Inc. in its ground breaking pension de-risking strategy

  • Angiotech Pharmaceutical

    Angiotech Pharmaceutical in its CCAA/Chapter 15 restructuring.

  • Chambers Canada: The World's Leading Business Lawyers, 2016, Osler ranked in the area of Restructuring and Insolvency.
    • "Excellent attention to detail, great availability and strong advice."
    • "Significant strength in Toronto and Calgary."
  • Chambers Global: The World's Leading Business Lawyers, 2003-2015, Osler ranked in the area of Restructuring and Insolvency.
    • "They have 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."
  • The Legal 500, 2015-2016, Osler ranked in Restructuring and Insolvency.          
  • The Canadian Legal Lexpert Directory, 2010-2015, Osler’s Restructuring and Insolvency Group (Toronto), Consistently recommended.
  • The Canadian Legal Lexpert Directory, 2010-2015, Osler’s Restructuring and Insolvency Group (Montréal), Consistently recommended.
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, 1999-2015, Osler lawyers recommended in the area of Insolvency.
  • The Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada, 2007-2015, Osler lawyers recommended in the area of Insolvency and Financial Restructuring.
  • The Lexpert Guide to the Leading US/Canada Cross-border Litigation Lawyers in Canada, 2007-2015, Osler lawyers recommended in the area of Insolvency and Financial Restructuring.
  • The Best Lawyers in Canada, 2006-2015, Osler lawyers recommended in the area of Insolvency and Financial Restructuring Law.
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2009-2015, Osler ranked in the area of Restructuring & Insolvency.
  • Who’s Who Legal, 2004-2015, Osler lawyers recommended in the area of Insolvency & Restructuring.
  • Benchmark Canada: The Definitive Guide to Canada's Leading Litigation Firms and Attorneys, 2015, Osler ranked in the area of Insolvency.
  • The Legal Media Group’s Expert Guides, 2001-2015, Osler recommended in Insolvency and Restructuring.
  • The Legal Media Group’s Expert Guides: Women in Business, 2010-2015, Osler’s female lawyers recommended in Restructuring and Insolvency.

 

  • Insolvency, Energy

    Calgary Breakfast Seminar Series: Dealing with Counterparties in Financial Distress , Calgary