Insolvency | Restructuring

When a business is in trouble, the company, its shareholders, lenders, creditors, financial advisors and liquidators need legal advice from insolvency, bankruptcy and restructuring lawyers experienced in its industry. When the business operates in several jurisdictions, including cross-border, its bankruptcy lawyers must be in familiar territory.

Fraser Milner Casgrain LLP (FMC) is at home with all roles in bankruptcy proceedings. Our lawyers have acted for all categories of clients, have experience in many industries, and are familiar with the unique demands of cross-border insolvency law. Involved in different industries and provinces, governed by different legal systems? No problem. Our Insolvency | Restructuring Group, one of Canada’s largest, is completely integrated across offices and disciplines. We’re as familiar with the oil patch in Alberta and the banks in Toronto as with the unique requirements of the civil code in Québec.

How we practise is as important to our clients as what we practise. All parties involved in bankruptcy proceedings want a speedy resolution of the situation. We are well known for being solution-oriented, expediting insolvency procedures to get the best results possible for our clients. Whether it’s creditors’ remedies, a complex restructuring, DIP financing, or purchase of a distressed company, we get the job done.

Representative Work
Nortel Networks – Canadian Counsel for the Official Committee of Unsecured Creditors of Nortel Networks Inc. and certain of its direct and indirect subsidiaries in the cross-border CCAA/Chapter 11 proceedings
Counsel to the Medican Holding Ltd. and related entities in their proceedings under the CCAA
Acted as counsel to Riverfront Pointe Properties Inc. and Riverfront Pointe Partnership in their proceedings under the CCAA
Acted as counsel to JED Oil Inc. and its subsidiaries in their Canadian CCAA proceeding
Counsel to the lead lender and significant shareholder in the CCAA restructuring proceedings Darian Resources Ltd. and Bowview Petroleum Inc.
Canadian counsel to TerreStar Networks Inc. in connection with its CCAA recognition proceedings of TerreStar's chapter 11 cases
Publications
Did you know?
The Canadian Legal LEXPERT Directory 2011 ranks Colin EmslieDavid Mann and Ray Rutman as leading lawyers in the area of insolvency and financial restructuring as well as David Mann in the area of insolvency litigation while FMC's Insolvency | Restructuring Group ranks as a leading practice area in the regional markets of Calgary, Edmonton and Vancouver.
The Best Lawyers in Canada 2012 recommends Colin Emslie, David Mann, Ray Rutman, John Sandrelli, Roger SimardB. A. R. Smith, Q.C. and Brian Summers as leading insolvency and financial restructuring lawyers.
LEXPERT’s Insolvency & Restructuring Special Edition (November 2011) identifies Colin EmslieDavid Mann and Ray Rutman among Canada’s leading Insolvency & Restructuring professionals (Report on Business Magazine, November 2011, and LEXPERT Magazine, November/December 2011)
Key Contacts