Regional news: Canada

Shearman and Bennett Jones advise as power plant builder enters RSA

Sherman & Sterling and Bennett Jones have helped an Argentina-headquartered power plant producer enter a deal with an ad hoc group of noteholders, to be implemented under the Canada Business Corporations Act.

24 September 2020

Australian tax officer denied costs over Senvion recognition

An Australian court has refused to award costs to a tax officer who abandoned his request for relief from a stay that followed the local recognition of wind turbine maker Senvion’s German self-administration proceedings.

22 September 2020

IWG’s Canadian arms win creditor protection

The Canadian arms of Swiss-headquartered office space provider International Workplace Group (IWG) have won interim CCAA protection, after concerns that Chapter 11 proceedings filed by the group last month may have led to a technical default on several of its Canadian leases.

08 September 2020

DLA Piper in Canada gains two from Gowling

DLA Piper has hired Gowling WLG’s former national restructuring leader Colin Brousson and associate Jeffrey Bradshaw for its Vancouver office.

26 August 2020

PwC, Gowling, McCarthy Tétrault and NRF tap partners in Canada

McCarthy Tétrault, Gowling WLG, Norton Rose Fulbright and PwC have all added to their partnerships in Canada in recent weeks, as firms continue to prepare for an expected wave of restructurings.

14 August 2020

Speedcast agrees sale to support Chapter 11 exit

Australian satellite communications group Speedcast has agreed to sell its business to a US private equity firm, in a deal that would see disgruntled shareholders lose out when it emerges from bankruptcy.

14 August 2020

Pharmagreen Biotech files for bankruptcy protection amid stock dispute

The Nevada holding company of a Canada-headquartered cannabis and hemp plant producer has filed for Chapter 11 protection, after covid-19 left it unable to uphold a financing deal with “toxic lenders”.

13 August 2020

Cirque du Soleil wins recognition of CCAA proceedings amid objections

A Delaware court has recognised circus production group Cirque du Soleil’s CCAA proceedings in Quebec, despite objections from some creditors.

12 August 2020

Osler adds in Toronto

Osler, Hoskin & Harcourt has hired a partner from Toronto firm Aird & Berlis with experienced in the energy, cannabis and steel manufacturing sectors.

06 August 2020

Covid-19 calls: Karen Fellowes at Stikeman Elliott in Calgary

Karen Fellowes, the newly appointed leader of Stikeman Elliott’s Western Canadian restructuring group, tells GRR about recent changes to Canadian legislation and how virtual hearings have opened up local lawyers to an international practice.

31 July 2020

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