Insolvency & Restructuring

Macleod Dixon has extensive experience acting for creditors, debtors and insolvency practitioners in insolvency and restructuring matters in numerous complex and cross-border proceedings.We act for major domestic and foreign financial institutions, borrowers, bondholders and other stakeholders in restructuring proceedings under procedures of the Companies’ Creditors Arrangement Act and the Bankruptcy and Insolvency Act.

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REPRESENTATIVE EXPERIENCE

Restructuring Proceedings

Represented various lenders, creditors and suppliers in restructuring proceedings initiated by their debtors.

Immigrant Investment Fund

Acted on behalf of the Court appointed Receiver of an immigrant investment fund clarifying immigration status of investors while pursuing financial recovery.

White Knight

Represented the investor "white knight" in a successful restructuring of a distillery.

Aircraft Lessors and Secured Creditors

Acted on behalf of numerous aircraft lessors and secured creditors in the protection and enforcement of their security.

Preserving and Protecting Rights of Creditors, Purchasers and Suppliers

Acted on behalf of numerous gas producers and marketers in preserving and protecting their rights as creditors, purchasers and suppliers in instances of insolvency of third party gas marketers and suppliers.

Bre-X Minerals

Represented the debtor Bre-X Minerals in a high profile proceeding involving Indonesian gold properties.

Bankruptcy and Insolvency Act and Fraudulent Preference Act

Acted on behalf of various Trustees, Receivers or creditors in pursuing reviewable transactions under the provisions of the Bankruptcy and Insolvency Act and Fraudulent Preference Act.

Acting on Behalf of Insolvency Practitioners

Acted on behalf of insolvency practitioners in their capacity as privately appointed Receiver, Court appointed Receivers, Bankruptcy Trustees or Monitors in numerous insolvency proceedings.

Creditors Arrangement Act Restructuring

Acted as Chairman of a creditors' committee in a significant oil and gas Companies' Creditors Arrangement Act restructuring.

Air Canada Restructuring

Acted for the Creditors' Committee in a significant restructuring of Air Canada.

Creditors Arrangement Act and American Chapter 11 Bankruptcy Code

Acted for an oil sand group of companies in their successful cross-border reorganization involving concurrent Canadian Companies' Creditors Arrangement Act and American Chapter 11 Bankruptcy Code proceedings.

Calpine Canada

Represented the ad hoc Unsecured Noteholders Committee in the Calpine Canada Companies' Creditors Arrangement Act Proceedings.

Recovery Proceedings Involving Debtors

Represented various lenders in numerous recovery proceedings involving debtors in various areas including oil and gas, manufacturing, transportation, restaurants and hospitality, computers, software and intellectual property.
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