Mar. 27, 2020 - There is abundant information circulating about the extreme financial toll that the COVID-19 pandemic is expected to take on businesses across the globe. Here we address what creditors and debtors can do now to manage risk and preserve their value through this crisis. What Creditors Can...
Davies Ranked in Global Restructuring Review’s Top 100 List
For the second straight year, Davies has been chosen by the Global Restructuring Review as one of the top 100 law firms in the world in the areas of cross-border restructuring and insolvency.
Widely recognized as one of Canada’s leaders in the sector, Davies Financial Restructuring & Insolvency group is consistently called upon by companies in Canada and across the globe to guide their most significant and groundbreaking restructuring transactions. The team recently acted for Target Corporation in the winding down of Target Canada Co. under the Companies’ Creditors Arrangement Act, the largest Canadian retail restructuring to date by size of debt. The group also acted as Canadian counsel to Nortel Networks UK Limited in the global liquidation of the Nortel group of companies, a multinational undertaking that involved coordinating insolvency proceedings in Canada, the U.S., the U.K., Israel and France. Other recent proceedings on which the team has acted include those of Toys “R” Us (Canada) Ltd. and Takata Airbags.
The GRR 100 rankings are based on reputation, recent work and experience, as determined via extensive research and client review.
Jan. 28, 2020 - The Supreme Court of Canada’s decision in 9354-9186 Québec Inc. v Callidus Capital Corporation unanimously overturned a unanimous decision of the Québec Court of Appeal. The Supreme Court’s decision, released on January 23, 2020, was issued from the bench with reasons to follow. The...