Torys deal wins Cross-Border Restructuring of the Year award

We are delighted to announce that our work advising Glencore in its acquisition of the Li-Cycle Group has been recognized at the 20th Annual Turnaround Awards in the Cross-Border Restructuring of the Year ($250MM to $1B) category.

On August 7, 2025, Li-Cycle announced that it had completed the sale of certain of its subsidiaries and assets (collectively, the Li-Cycle Group) to an affiliate of Glencore Canada Corporation, its largest secured creditor, by way of credit bid and assumption of certain indebtedness.

The transaction was a part of a court-supervised sale and investment solicitation process announced on May 14, 2025, when the Li-Cycle Group sought and obtained an order from the Ontario Superior Court of Justice for creditor protection under Canada’s Companies' Creditors Arrangement Act. The successful closing marked the conclusion of the court‑approved process, with Torys’ team led by partner Scott Bomhof.

You can read more about our Corporate Restructuring and Advisory work on our practice page.

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