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.
2023 Business Insolvencies in Canada
Mar. 05, 2024 - As we predicted in earlier issues of Davies Insolvency Now, the year 2023 reflected the anticipated increase in business insolvency activity. In this issue, we perform a comparative review of business insolvencies from 2023, examine the fluctuating volume and decreasing asset values, look...
Business Insolvency on the Rise in Canada: Understanding the Role of AI
Oct. 12, 2023 - The first half of 2023 saw a significant increase in business insolvencies as economic sectors responded to uncertain financial conditions in Canada and around the world. In this issue of Davies Insolvency Now, we examine the impact of this rolling recession by sector and region. We...
