Recognized as one of Canada’s leading domestic and cross-border restructuring practices, the Blakes Restructuring & Insolvency group combines unmatched experience and depth to meet the immediate and critical needs of our clients with expert practitioners in each of Canada’s four main business centres. Collaborating with our colleagues in Financial Services, Capital Markets, Competition, Antitrust & Foreign Investment, Employment & Labour, Commercial Real Estate, Tax, Environmental and Intellectual Property, as needed for each engagement, the Blakes team provides top-quality coordinated service and effective solutions to the unique and complex challenges our clients face wherever the parties are located or the insolvency proceedings are commenced.
We represent all parties impacted by insolvencies and restructurings, including Canadian and U.S. banks and financial institutions, corporate debtors in domestic and cross-border insolvency proceedings, restructuring financial advisory firms that act as court officers, debtor-in-possession (DIP) lenders, and investors seeking to acquire assets and businesses in distressed circumstances.
We assist clients in a wide range of industries through workouts and restructurings (including under the Companies’ Creditors Arrangement Act (CCAA), the Bankruptcy and Insolvency Act (BIA), cross-border recognition of Chapter 11 proceedings under the U.S. Bankruptcy Code as well as federal and provincial corporate restructuring statutes), DIP financing, security enforcement, distressed business acquisitions and post-restructuring issues.
Over the last few years, there has been much activity in North American resource, mining, energy and retail insolvencies. Some of our significant retainers on the public record in those industry sectors are described below.