Restructuring & Insolvency

The Cassels Restructuring and Insolvency group offers decades of collective experience, and advises on all aspects of reorganizations and restructurings. We have a highly regarded profile in international markets and frequently represent internationally-based clients in Canadian and cross-border restructurings and insolvencies. Our numerous domestic relationships with leading insolvency professionals and lenders involve us in a wide range of matters. We have represented Canadian, US, and international financial institutions and investors, commercial and financial organizations, creditors’ committees, receivers, monitors, trustees, public and private companies, debtors and purchasers in restructurings and insolvencies in Canada, the US, and around the world.

We offer expert legal advice and counsel on all aspects of restructuring and insolvency matters, including:

Reorganizations and Restructurings

  • Identifying solutions for viable businesses in financial difficulty
  • Planning and implementing formal and informal restructurings
  • Negotiating, structuring and financing of merger and acquisition transactions in insolvencies
  • Advice on directors’ and officers’ liabilities and responsibilities
  • Advice on environmental, labour and priority claims responsibilities
  • Specialized assistance in resource company insolvencies
  • Structuring DIP lending transactions
  • Advice to lenders in multi-party and syndicated loan transactions in distressed situations
  • Security reviews

Security Enforcement and Creditors’ Remedies

  • Strategy formulation to maximize loan recoveries
  • Enforcement of security through contractual remedies or court proceedings
  • Advice in arrangements, receiverships, liquidations, and bankruptcies
  • Strategy and advice to lenders and investors to maximize results in court-supervised restructurings
  • Cross-border litigation and enforcement proceedings