Feb. 05, 2019 - In a landmark decision released on January 31, 2019, the Supreme Court of Canada (SCC) ruled in Orphan Well Association v Grant Thornton Ltd. that the environmental remediation obligations of a bankrupt oil and gas company must be fulfilled in priority over all other claims, including secured...
Davies Named to Global Restructuring Review’s Top 100 List
For the third year running, the Global Restructuring Review has named Davies among the top 100 law firms in the world in the areas of cross-border restructuring and insolvency.
Over the past year, Davies’ Financial Restructuring & Insolvency group has played a key role in many groundbreaking restructurings both within and beyond Canadian borders. Notable matters on which the team advised include acting for the monitor of the Urbancorp Group of Companies in proceedings under the Companies' Creditors Arrangement Act (CCAA), which were coordinated with insolvency proceedings in Israel via a first-time-ever court-approved “court officer-to-court officer protocol,” and acting for the monitor of Imperial Tobacco Canada Limited and its affiliated corporation in proceedings under the CCAA and Chapter 15 of the U.S. Bankruptcy Code.
The GRR 100 rankings are based on reputation, recent work and experience, as determined via extensive research and client review.
Nov. 28, 2018 - The following op-ed was originally published in The Globe and Mail. Last month, Canada became the first G7 country to legalize recreational cannabis nationwide, fulfilling the promise first announced by the Liberal government on the campaign trail in 2015. In the months leading up to...