“I think she’s very intelligent, very hardworking and very thorough. I think she’s also very innovative. She can think outside the box and solve problems.”
Market Commentator – Chambers Canada 2021
Natasha provides clients with smart solutions for their high end insolvency and restructuring challenges. A “staunch advocate for her clients,” Natasha is known for her ability to deliver the “sophistication, deal making acumen and commercial pragmatism needed to effectively navigate complex distressed situations.” (Chambers Canada 2020)
Natasha advises on a wide variety of debt restructuring, bankruptcy and insolvency, corporate debtor/creditor rights enforcement, turnarounds, work-outs, and plans of arrangement under the Companies’ Creditors Arrangement Act. She has substantial experience in assisting clients with proposals under the Bankruptcy and Insolvency Act.
Clients regularly consult Natasha for strategic advice and risk analysis on deal structuring and lending. She has advised on many significant and groundbreaking restructurings and insolvencies.
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The Electric Reliability Council of Texas, Inc.
Acting as Canadian counsel for the Electric Reliability Council of Texas, Inc. in defence of an adversary proceeding under Chapter 15 of the U.S. Bankruptcy Code relating to the historic February 2021 winter storm in Texas and the resulting extraordinary demands on the state's power grid.
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Blue Torch Capital LP
Acted for Blue Torch Capital LP, as lender, and HPS Investment Partners, LLC, as agent, in connection with the recapitalization of ASX-listed mining company, Boart Longyear Limited, under the secured creditors' scheme and unsecured creditors' scheme approved by the Supreme Court of New South Wales, Australia.
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TPG Real Estate Partners
Acted for TPG Real Estate Partners, the dedicated real estate equity investment platform of alternative asset firm TPG, in its acquisition (and related financing) of Cinespace Film Studios, North America's second-largest independent sound stage platform with best-in-class studio campuses in Toronto and Chicago.
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Willoughby Asset Management Inc.
Acting for Willoughby Asset Management Inc., a large unitholder, in connection with Bridging Finance Inc.'s court-appointed receivership proceedings amidst allegations of fraud and misconduct.
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Laurentian University of Sudbury
Acting as lender counsel to Laurentian University of Sudbury in its restructuring proceedings under the Companies' Creditors Arrangement Act, an unprecedented occurrence for a publicly funded Canadian university.
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Atlantic Park Strategic Capital Fund, L.P.
Acted as Canadian counsel for Atlantic Park Strategic Capital Fund, L.P. in its $250 million senior secured term loan due 2026 to Team, Inc.
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Atlas Holdings LLC
Acted as Canadian counsel to Atlas Holdings LLC in its acquisition of LSC Communications, Inc., a global leader in print and digital media solutions.
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Ironbridge Equity Partners
Acted for Ironbridge Equity Partners in its acquisition (and related financing) of a controlling interest in GNI Management Group Inc., a leading provider of insulation services, from Mill Street & Co.
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Atlas Holdings LLC and Blue Wolf Capital Management, LLC
Acting for Atlas Holdings LLC and Blue Wolf Capital Management, LLC in Northern Pulp Nova Scotia Corporation's proceedings under Companies' Creditors Arrangement Act.
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McCain Foods Limited
Acted for McCain Foods Limited in its $70-million acquisition of Hillspring Farms Ltd., a Canadian farmer of potatoes, through a quick-flip sale in a receivership.
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FCF Co. Ltd.
Acted as Canadian counsel for FCF Co., Ltd. in its US$928-million acquisition of all the assets of Clover Leaf Foods and Bumble Bee Foods, North America's largest branded shelf-stable seafood companies, under a sale proceeding conducted under the Companies' Creditors Arrangement Act and the U.S. Bankruptcy Code.
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Windsor Family Credit Union Limited
Acting for Windsor Family Credit Union Limited with Forme Development Group's proceedings under the Companies' Creditors Arrangement Act.
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Official Committee of Unsecured Creditors of TK Holdings Inc., et al.
Acting for the Official Committee of Unsecured Creditors in the cross-border proceedings under Chapter 11 of the U.S. Bankruptcy Code and Companies' Creditors Arrangement Act pertaining to TK Holdings Inc., including advising on Canadian insolvency and transactional considerations, regarding the sale of the Takata global business, following a component malfunction that led to a worldwide recall of more than 124 million automobiles.
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FTI Consulting Canada Inc.
Acting for FTI Consulting Canada Inc. in its capacity as court-appointed monitor of Imperial Tobacco Canada Limited and its affiliated corporation, Imperial Tobacco Company Limited, in proceedings under the Companies' Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code.
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Knight Therapeutics Inc.
Acted for Knight Therapeutics Inc. in Aralez Pharmaceuticals Inc.'s voluntary proceedings under Companies' Creditors Arrangement Act and Chapter 11 of the U.S. Bankruptcy Code.
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The Cadillac Fairview Corporation Limited
Acted for The Cadillac Fairview Corporation Limited in Sears Canada's proceedings pursuant to the Companies' Creditors Arrangement Act, including post-filing lease transactions, wind down of existing contractual relationships and claims related advice.
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Potential DIP lender in Carillion Canada's CCAA
Acted for a potential DIP lender in Carillion Canada's proceedings under the Companies' Creditors Arrangement Act.
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Dumur Industries
Acted for Dumur Industries, an Ironbridge Equity Partners portfolio company, in its acquisition of the operating assets of Dellcom Aerospace Inc.
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Alvarez & Marsal
Acted for Alvarez & Marsal in its role as Monitor of Ben Moss Jewellers Western Canada, Ltd. in connection with proceedings under the Companies' Creditors Arrangement Act.
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Atlas Holdings LLC
Acted for Atlas Holdings in connection with Atlas's acquisition of an 80% equity interest in Millar Western Forest Products and Atlas's exchange of high-yield notes for new secured high-yield notes as the supporting noteholder for Millar Western's US$210-million note exchange transaction. The note exchange transaction was implemented under a plan of arrangement under the Canada Business Corporations Act and, together with Atlas's subsequent equity investment by way of a debt for share exchange transaction, significantly reduced Millar Western's indebtedness and strengthened its financial position, enhancing its ability to respond to and capitalize on developments in the forest products industry.
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Bank of Montréal
Acting for the Bank of Montréal, as Administrative Agents for the syndicate of lenders in connection with the Primus Entities' proceedings under the Companies' Creditors Arrangement Act.
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Karoon Gas Australia Ltd.
Acted for Karoon Gas Australia Ltd., an Australian Stock Exchange listed company, in connection with the acquisition of the remaining 35% interest in the Santos Basin Offshore JV from the Brazilian subsidiary of Pacific Exploration & Production Corporation, and related Companies' Creditors Arrangement Act proceedings.
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Ernst & Young Inc.
Acted for Ernst & Young Inc., as Monitor, in connection with proceedings under the Companies' Creditors Arrangement Act relating to entities affiliated with Coopers & Lybrand Chartered Accountants.
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Nortel Networks UK Limited
Acted as Canadian counsel to Nortel Networks UK Limited together with 18 of its subsidiaries and their Joint Administrators (the EMEA Estate), in connection with the global liquidation of the Nortel group of companies.
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General Motors of Canada Limited
Acted for General Motors of Canada Limited in defending successfully claims asserted against it for approximately $1 billion in a class action before the Ontario Superior Court on behalf of approximately 180 former dealers of GMCL who were eliminated from GMCL's dealer network during the restructuring of the company in 2009. This case resulted in a lengthy trial in the Ontario Superior Court and appeals to the Ontario Court of Appeal. All claims asserted against GMCL were dismissed by the trial judge. The Ontario Court of Appeal upheld the trial judge's decision dismissing all claims against GMCL. This has been described by legal commentators as "one of the highest profile cases in Canadian franchise history".
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PricewaterhouseCoopers Inc.
Acting for PricewaterhouseCoopers Inc., in its capacity as the court appointed monitor of Great Western Minerals Group Ltd., a TSX Venture Exchange listed company, with debts in excess of $90 million and subsidiaries in the UK and South Africa, in connection with proceedings pursuant to the Companies' Creditors Arrangement Act.
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Richter Advisory Group
Acted as counsel to Richter Advisory Group Inc. as receiver and manager in the matter of AFI Hydro Inc.
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Postmedia Network Inc.
Acted for Postmedia Network Inc. in the acquisition of the publishing business of Canwest LP under a sale proceeding conducted pursuant to the Companies' Creditors Arrangement Act. The assets included the largest publisher of English-language newspapers in Canada as well as an extensive portfolio of digital media and online assets. The aggregate enterprise value of the assets was estimated to be $1.1 billion. Also acted throughout the CCAA proceedings for an Ad Hoc Committee of Noteholders, comprised of 18 investment funds, which held the majority of Canwest LP's outstanding indebtedness and which provided a $250-million equity commitment to permit the acquisition.
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Ernst & Young Inc.
Acted for Ernst & Young Inc., a Court-appointed Monitor, in connection with the restructuring of Quebecor World Inc. and 53 of its subsidiaries in excess of US$2.8 billion of liabilities and emerged from protection under the Companies' Creditors Arrangement Act and Chapter 11 of the U.S. Bankruptcy Code pursuant to Plans of Reorganization approved by creditors and courts in both countries.
Guide
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Insolvencies in 2021: A Look Back and the Road Ahead
Apr. 06, 2022 - As government supports recede and the focus shifts toward economic recovery, in this issue of Davies Insolvency Now, we take a deep dive into the implications of 2021 insolvency data for 2022, and explore the Canadian application of two key themes emerging from the 2022 World Development...
Article
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Trending Decisions: Cases We Are Following, co-author
Mar. 10, 2022 - Rebuilding Success, Spring/Summer 2022 (CAIRP)
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Guide
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International Views: A Canadian Playbook for 2022
Feb. 09, 2022 - In 2022, we expect to see an uptick in restructurings and insolvencies as fiscal protections expire and businesses face continued cash shortfalls, mounting debt obligations, altered consumer behaviours and rising interest rates. Despite these challenges, while we recognize the immeasurable human...
Speaking Engagement
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INSOL International, Virtual Live Forum, “Interplay between insolvency practice and leading-edge technologies”; Webcast
Dec. 09, 2021
Speaking Engagement
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Co-chair, Insolvency Institute of Canada, 2021 National Conference
Nov. 04, 2021
Speaking Engagement
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Moderator, Insolvency Institute of Canada, 2021 National Conference, “Global Restructuring Leaders - The International Insolvency Institute Perspective”; Webcast
Nov. 04, 2021
Guide
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Q2 2021 Insolvencies: Crunching the Numbers and Keeping Good Faith
Oct. 21, 2021 - Most of us have stopped asking, “When will it be over?” and have started wondering how we can live with COVID-19 – and how it will change our behaviour from now on. In the context of restructuring, as we saw during the recent Canadian federal election, bankruptcy and insolvency have become topics...
Article
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Trending Decisions: Cases We Are Following, co-author
Sept. 06, 2021 - Rebuilding Success, Fall/Winter 2021 (CAIRP)
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Guide
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Davies Restructuring Review 2021: Issue 2
June 17, 2021 - Canada’s economy has continued to fare surprisingly well since we published the first issue of our 2021 Restructuring Review in March, despite continuing pandemic restrictions. However, insolvency-related concerns, such as long-term unemployment and the continued struggles of locked-down...
Speaking Engagement
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The Advocates’ Society, Commercial List Advocacy, “Productive Chambers Appointments, Pre-Hearing Appearances and Judge-led Mediations”; Webcast
Apr. 09, 2021
In the News
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Natasha MacParland and Robin Schwill Explain Drop in Business Insolvencies to the Toronto Star
Apr. 05, 2021 - In a recent article in the Toronto Star, Davies partners Natasha MacParland and Robin Schwill discuss the reasons why fewer businesses than normal went bust in 2020 despite the pandemic lockdowns. Natasha, one of the authors of a recent report by Davies on business insolvencies, said the...
In the News
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Canadian Lawyer Features Natasha MacParland on Increasing Use of Reverse Vesting Orders and Other Restructuring Trends
Mar. 24, 2021 - The emergence of reverse vesting orders (RVOs) to facilitate sales under the Companies’ Creditors Arrangement Act was a significant feature of insolvency-related court proceedings in 2020, according to a Davies report highlighted this week in Canadian Lawyer. In the article,...
Guide
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Davies Restructuring Review 2021: Issue 1
Mar. 02, 2021 - Although 2020 may be behind us, the economic conditions and lockdowns caused by the COVID-19 pandemic still linger. With the emerging picture for Canada in 2021 looking to largely resemble that of 2020, many are wondering how long struggling businesses and their creditors can hold their breath...
Article
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Trending Decisions: Cases We Are Following, co-author
Feb. 25, 2021 - Rebuilding Success, Spring/Summer 2021 (CAIRP)
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In the News
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Natasha MacParland and Christian Lachance Discuss Davies’ Insolvency Study with Canadian Lawyer
Jan. 15, 2021 - Business insolvencies in Canada declined in 2020 despite COVID-19, according to a recent Davies report highlighted this week in Canadian Lawyer. Davies partners Natasha MacParland and Christian Lachance spoke to the magazine about what the findings reveal and what they might signify for...
Guide
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Canadian Insolvency Trends in 2020: A Pandemic Year in Numbers
Dec. 17, 2020 - The economic conditions caused by the COVID-19 pandemic are unprecedented: unemployment is up, consumer confidence is down, countless businesses have permanently closed and many others are barely holding on. Yet the number of bankruptcies of individuals and small and medium-sized businesses has...
Speaking Engagement
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Co-chair, Insolvency Institute of Canada, 2020 National Conference; Webcast
Nov. 26, 2020
Article
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Trending Decisions: Cases We Are Following, co-author
Nov. 15, 2020 - Rebuilding Success, Fall/Winter 2020 (CAIRP)
Download this article.
Article
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Trending Decisions: Cases We Are Following, co-author
July 07, 2020 - Rebuilding Success, Spring/Summer 2020 (CAIRP)
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Speaking Engagement
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Canadian Association of Insolvency and Restructuring Professionals (CAIRP), 17th Annual Review of Insolvency Law Conference, “Trust me – The Addition of the Duty of Good Faith to Insolvency Legislation”; Vancouver, BC
Feb. 07, 2020
Speaking Engagement
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Insolvency Institute of Canada, Annual Conference and General Meeting, “Three Peas in a Pod”; Naples, Florida
Oct. 26, 2019
Article
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Trending Decisions: Cases We Are Following, co-author
Aug. 15, 2019 - Rebuilding Success, Fall/Winter 2019 (CAIRP)
Download this article.
Speaking Engagement
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The Advocates’ Society, Insolvency Litigation, “Recent Cases of Interest and Cases to Watch,” Toronto, ON
Apr. 12, 2019
Article
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Trending Decisions: Cases We Are Following, co-author
Mar. 15, 2019 - Rebuilding Success, Spring/Summer 2019 (CAIRP)
Download this article.
Speaking Engagement
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Insolvency Institute of Canada, Annual Conference & General Meeting, “View from Special Loans”; Charlottetown, PEI
Sept. 29, 2018
Article
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Natasha MacParland and Natalie Renner Introduce Feature Column in Rebuilding Success Magazine
Sept. 24, 2018 - Davies partners Natasha MacParland and Natalie Renner will be authoring a regular feature column in Rebuilding Success, the official magazine of the Canadian Association of Insolvency and Restructuring Professionals. Launched in the magazine’s Fall/Winter 2018 edition, the column,...
Speaking Engagement
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The Advocates’ Society, “Conduct-Based Claims in Insolvency Litigation”; Toronto, ON
June 01, 2018
Speaking Engagement
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Insolvency Institute of Canada, “#that’s mine! A Discussion of Recent CRA Priority Cases”; Toronto, ON
Feb. 27, 2018
Speaking Engagement
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Osgoode Hall Law School, Professional Development, “Employees and Insolvency”; Toronto, ON
Jan. 10, 2018
Bulletin
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Perfection by Control of Security Interests in Cash Collateral Accounts: Recent Ontario Developments
Dec. 07, 2016 - From a lender’s perspective, perfection of its security interest in collateral by control provides stronger protection than perfection by registration. A security interest perfected by control will generally prevail over other interests in the same collateral, including even a prior security...
Article
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Appealing? Recent Trends in Motions and Applications for Leave to Appeal Under the Companies' Creditors Arrangement Act, co-author
Sept. 30, 2016 - Journal of the Insolvency Institute of Canada, Vol. 5 (Toronto: Carswell)
Speaking Engagement
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International Women’s Insolvency & Restructuring Confederation, “The Supreme Court’s Decision in Bhasin and the Duty of Good Faith in Insolvency”
Oct. 01, 2015
Speaking Engagement
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Co-chair and panelist, Insolvency Institute of Canada, annual conference and general meeting; Palm Springs, CA
Sept. 01, 2015
Speaking Engagement
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Financier Worldwide, Bankruptcy in the Americas Roundtable
Jan. 01, 2015
Speaking Engagement
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Insolvency Institute of Canada, annual conference and general meeting
Sept. 01, 2014
Article
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Quick Flip Sales in Insolvency Proceedings, co-author
Jan. 31, 2014 - Financier Worldwide Magazine (Financier Worldwide Ltd.)
Read more on Quick Flip Sales in Insolvency Proceedings.
Speaking Engagement
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Financier Worldwide, Bankruptcy in the Americas Roundtable
Jan. 01, 2014
Guide
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Insolvency, co-author
Oct. 30, 2013 - Bullen & Leake & Jacob's Canadian Precedents of Pleadings, 2d ed. (Toronto: Carswell)
Speaking Engagement
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The Canadian Institute, 13th Annual Forum on Insolvency & Restructuring, “New Developments in Interim Financing: What You Need to Know to Facilitate a Successful Going-Concern Restructuring”
Oct. 01, 2013
Speaking Engagement
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The Canadian Institute, The Annual Review of Insolvency Law Conference
Feb. 01, 2013
Article
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Director and Officer Issues in Insolvency: 2002-2012, co-author
Dec. 31, 2012 - Annual Review of Insolvency Law, 2012
Speaking Engagement
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“Dangerous Waters: The New Normal?”
Apr. 01, 2012
Guide
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Governance of the Financially Distressed Corporation in Global Capital Markets: Selected Aspects of the Financing and Governance of Canadian Enterprises in Cross-Border Workouts
Sept. 15, 2003 - Corporate Governance in Global Capital Markets (Vancouver: UBC Press)