Davies is proud to have advised on the restructuring of Cirque du Soleil, which won Insolvency & Restructuring Deal of the Year at the second annual Canadian Law Awards on May 20, 2021.
In the context of Cirque du Soleil’s insolvency proceedings under the Companies’ Creditors Arrangement Act in Canada and Chapter 11 of the U.S. Bankruptcy Code, Davies is acting for two parties: Québecor Inc., a potential acquirer of Cirque du Soleil; and the Fédération des caisses Desjardins du Québec, one of the most important secured creditors of Cirque du Soleil.
The Canadian Law Awards celebrate Canada’s leading law firms, in-house legal teams, individuals and landmark deals over the past year.
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...
