Torys’ Restructuring and Insolvency Practice is a dedicated team of practitioners with leading-edge expertise and experience in all facets of formal and informal corporate restructurings, insolvencies, bankruptcies, recapitalizations, reorganizations and workouts.
Based in the business and financial centres of Canada and the United States, our lawyers are unique in being able to provide coordinated, efficient and effective solutions in Canadian, U.S.-Canadian and international restructuring matters. With a mission-focused blend of legal and strategic skills, our team has played a central role in many of the highest-profile Canadian and cross-border transactions in this field.
Our team provides the full range of services required in sophisticated restructurings, recapitalizations and insolvencies. We advise on
- the development, structuring and negotiation of innovative legal and strategic solutions for companies facing financial distress or inadequate capital structures
- adjustment of debt and capital structures (advising corporations and creditors)
- court proceedings, including proceedings under Chapter 11 of the U.S. Bankruptcy Code and the Companies’ Creditors Arrangement Act of Canada
- out-of-court privately negotiated restructurings
- distress and acquisition financing
- creditor and bank enforcement actions
- Chapter 11 and liquidation issues
- exploration of investment opportunities in distressed companies
- tactical use of ancillary proceedings under Chapter 15 of the U.S. Bankruptcy Code