Milly Chow
Partner | Toronto
Toronto: 416-863-2594

Milly has extensive expertise in complex and multi-jurisdictional financial restructurings, distressed mergers and acquisitions and debtor-in-possession (DIP) financings involving restructuring matters across Canada and abroad.

For more than 20 years, Milly has been providing advice to debtors, purchasers, lender syndicates, secured creditors, monitors, receivers, trustees and other stakeholders in a wide range of industries, including oil and gas, mining, retail, manufacturing, forestry, airline, automotive, environmental, telecommunications, media, marketing, financial services, information technology and biomedical.

SELECT EXPERIENCE

Representative cases on the public record include representing:

  • Court-appointed receiver and construction lien trustee of Urbancorp (Leslieville) Developments Inc., Urbancorp (Riverdale) Developments Inc. and Urbancorp (The Beach) Developments Inc. (construction)
  • The debtors in the Companies’ Creditors Arrangement Act (Canada) (CCAA) proceedings of Lightstream Resources Ltd., 1863359 Alberta Ltd., LTS Resources Partnership, 1863360 Alberta Ltd. and Bakken Resources Partnership (oil and gas)
  • The DIP and pre-petition lender syndicate in the CCAA/Chapter 15 restructuring proceedings of the Sanjel Group (oil and gas)
  • The debtors in the CCAA proceedings of Bloom Lake General Partner Limited, Quinto Mining Corporation, 8568391 Canada Limited, Cliffs Québec Iron Mining ULC (formerly, Cliffs Québec Iron Mining Limited), Bloom Lake Railway Company Limited, The Bloom Lake Iron Ore Mine Limited Partnership, Wabush Resources Inc., Wabush Iron Co. Limited, Wabush Mines, Arnaud Railway Company and Wabush Lake Railway Company Limited (mining)
  • A secured lender in the CCAA proceedings of Plasco Energy Group (waste recycling)
  • The monitor in the CCAA proceedings of Universal Settlements International Inc. (life settlements)
  • The DIP and pre-petition lender syndicate in the multi-jurisdictional proceedings under the CCAA, Chapter 11 (United States) and Business Rescue Proceedings (South Africa) of Great Basin Gold Ltd. (mining)
  • The DIP and pre-petition lender syndicate in the cross-border CCAA/Chapter 15 proceedings of the Cinram Group (manufacturing)
  • The administrative agent for the first-lien lender syndicate and the administrative agent and collateral agent for the second-lien lender syndicate in the Aveos Fleet Performance Inc. CCAA proceedings (aircraft maintenance)
  • The debtor in the cross-border CCAA/Chapter 15 proceedings of Catalyst Paper Corporation (pulp and paper)
  • The debtor in the Sterling Shoes CCAA proceedings (retail)
  • The DIP, exit and pre-petition lender in the cross-border CCAA/Chapter 15 proceedings of Angiotech Pharmaceuticals (pharmaceutical)
  • The purchaser and then debtor in the Athletes World Limited CCAA proceedings (retail)
  • The DIP lender and major business partner in the Air Canada CCAA proceedings (airline)
  • The lender syndicate in the cross-border CCAA/Chapter 11 proceedings of Mosaic Group (marketing)
  • The lender syndicate in the cross-border CCAA/Chapter 11 proceedings of Philip Services Corp. (environmental)
AWARDS & RECOGNITION

Milly's contribution to restructuring and insolvency law has been recognized by the following leading publications:

  • Chambers Canada: Canada's Leading Lawyers for Business - 2015-2018 (Restructuring/Insolvency)
  • The Best Lawyers in Canada - 2013-2018 (Insolvency and Financial Restructuring)
  • The Legal 500 Canada - 2016-2017 (Recommended - Restructuring and Insolvency)
  • The Canadian Legal Lexpert Directory - 2016-2017 (Insolvency and Financial Restructuring - Financial Restructuring)
  • Chambers Global: The World's Leading Lawyers for Business - 2015-2017 (Canada: Restructuring/Insolvency)
  • Legal Media Group's Rising Stars 2016 (inaugural edition)
PUBLICATIONS
Show Past:
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Co-author: A Bridge Too Far? Recent Developments in CBCA Arrangements
Journal of Insolvency Institute of Canada, Vol. 6, 2017.
Author: A Qualified Opinion
Middle Market Growth Weekly, Association for Corporate Growth, April 19, 2017.
Co-author: At the Crossroads: What Happens When Class and Insolvency Proceedings Collide?
12th Annual Review of Insolvency Law Conference, Toronto, Ontario, February 6, 2015.
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PROFESSIONAL APPEARANCES
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Panellist: A Bridge Too Far? Recent Developments in CBCA Arrangements
Insolvency Institute Canada Conference, Banff, Alberta, September 15, 2017.
Panellist: How Europe is perceived
TMA Europe Annual Conference, Turnaround Management Association, London, England, June 16, 2017.
Panellist: Cross-Border Considerations: Practitioner Views from Both Sides of the Wall
TMA 2017 Symposium, Turnaround Management Association, Toronto, Ontario, April 20, 2017.
Panellist: Golden Opportunity? Buying Assets Out of Receivership
Blakes Business Class Seminar, Toronto, Ontario, March 8, 2017.
Speaker: How to Creatively Market Yourself and Build Your Business
TMA Network of Women (NOW) Education Session, Turnaround Management Association Annual Conference, Scottsdale, Arizona, October 6, 2015.
Panellist: Mastering Asset Purchase Agreements in Distress M&A Deals
TMA Toolbox, Turnaround Management Association, Toronto, Ontario, February 23, 2016.
Panellist: Legal Technical Update
CAIRP 11th Annual Commercial Insolvency and Restructuring Program - Staying the Course, March 31, 2015.
Speaker: At the Crossroads: What Happens When Class and Insolvency Proceedings Collide
12th Annual Review of Insolvency Law Conference, Toronto, Ontario, February 6, 2015.
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MEDIA APPEARANCES
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Quoted: Non-EU investors undeterred to enter Europe despite messy UK divorce
Article by Jou Yu and Marion Halftermeyer, Debtwire, June 21, 2017.
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