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James Reid

James Reid
James Reid Associate | Calgary
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Some of the cases on the public record in which James has been involved include representing:

  • Counsel to the court-appointed monitor, FTI Consulting Canada Inc., in the CCAA proceedings of Coalspur Mines (Operations) Ltd.

  • The agent of a lending syndicate in the Companies' Creditors Arrangement Act (CCAA) proceedings of Bellatrix Exploration Ltd.

  • The lender and interim financer in the CCAA proceedings of Invictus MD Strategies Corp., Greener Pastures MD Ltd., Acreage Pharms Ltd., and 2015059 Alberta Ltd.

  • The lender in the Bankruptcy and Insolvency Act proceedings of Sundance Place II Ltd., Sundance Place II 1000 Limited Partnership by its General Partner Sundance Place II Ltd., et al.

  • The agent of a lending syndicate in the Canada Business Corporations Act (CBCA) proceedings of Pengrowth Energy Corporation, Cona Resources Ltd., Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP,  Waterous Energy Fund (International) LP, et al.

  • Jupiter Resources Inc. in its successful CBCA reorganization proceedings (oil and gas services)

  • The debtors, as Canadian counsel, in the multi-jurisdictional (sauvegarde/Chapter11/CCAA) restructuring proceedings of the CGG Group (oil and gas services)

  • The debtors in the CCAA proceedings of Lightstream Resources Ltd. in a complex corporate reorganization that ultimately received court approval of a transaction for a total estimated purchase price of C$1.39-billion

  • The lending syndicate, as Canadian counsel, in the cross-border CCAA/Chapter 15 restructuring proceedings of the Sanjel Group, a large private and family-owned oil-field services group of companies, with assets in Canada, the U.S. and the Middle East

  • The agent of a lending syndicate, as Canadian counsel, in the cross-border CCAA/Chapter 11 proceedings of the Quicksilver Resources Canada entities

  • The senior secured lender in the receivership of COGI Limited Partnership

  • The court-appointed receivers of RDE Venture Inc., Questfire Energy Corp., Ladacor AMS Ltd., Hyperion Exploration Corp., Ivanhoe Energy Inc., Palliser Oil & Gas Corp., Waldron Energy Corporation, Northern Frontier Group and Eagle Ranch Resources Ltd.

  • The Insolvency Institute of Canada, as intervenors, in the Supreme Court of Canada matter of Her Majesty the Queen in Right of Canada v. Canada North Group Inc., et al.

Awards & Recognition
  • The Best Lawyers in Canada 2023 - Ones to Watch (Insolvency and Financial Restructuring, Corporate and Commercial Litigation)
Professional Activities

James is president of the Insolvency Section of The Canadian Bar Association (Alberta South Chapter) and secretary of the Insolvency Section of The Canadian Bar Association (National Chapter). He is also a member of the Turnaround Management Association, The Risk Management Association and the Law Society of Alberta.

Professional Appearances
  • Moderator: Practical Issues and Judicial Decisions in the Insolvency Proceedings of Accel Canada Holdings Limited and Accel Energy Canada Limited
    Insolvency Law (South), Calgary, Alberta, April 28, 2022.
  • Co-presenter: Restructuring 2022: National and International Trends
    Blakes Business Class Webinar, January 26, 2022.
  • Co-presenter: The ABCs of EFCs: Eligible Financial Contracts and Energy Company Insolvency Proceedings
    CELF, Online Research Seminar, June 23, 2021.
  • Co-presenter: Canada/US Cross-Border Oil & Gas Insolvencies
    Lex Mundi, Energy Restructuring and Insolvency Virtual Series: Cross-Border Oil & Gas Insolvencies, March 15, 2021.
  • Presenter: Burnt Out: Lessons from the Cannabis Crash
    18th Annual Review of Insolvency Law Conference, Podcast Program, February 26, 2021.
  • Presenter: Insolvency: Is it on your Radar?
    The ONE 2020 National Conference, Chartered Professional Accountants of Canada, Webinar, September 18, 2020.
  • Presenter: Eligible Financial Contracts and GasEDIs
    Energy Marketing Credit Group, Webinar, Calgary, Alberta, June 5, 2020.
  • Co-presenter: Corporate Reorganization via Arrangement: What Business Lawyers Need to Know
    Canadian Bar Association, Webinar, National Seminar, May 13, 2020.
  • Co-presenter: Joint Insolvency Network Guidelines
    Canadian Bar Association, Insolvency Law Conference, Banff, Alberta, November 7, 2019.
Admitted to the Alberta Bar - 2014
J.D., University of Calgary - 2013
B.A., Criminology (With Distinction), University of Alberta - 2009
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