Goodmans LLP

Restructuring/Insolvency Department

Nationwide - Canada
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What the team is known for Highly regarded Toronto-based firm recognised for its leading expertise in the restructuring and insolvency space across Canada. Represents an impressive range of commercial clients, with notable experience advising bondholders and acting on large international insolvencies. Houses a distinguished bench of practitioners who offer deep and broad expertise to both debtors and creditors, as well as notable skill advising on matters arising within regulated industries, including telecoms, energy and resources. Also assists clients engaged in the real estate, retail and manufacturing sectors. Active in restructurings under both the CCAA and CBCA.

Strengths Sources highlight the breadth and depth of the restructuring team's bench, and say the firm has "first-rate lawyers; really just outstanding from top to bottom."

Clients appreciate the firm's "detail-oriented people" who "look for solutions and try to be practical in the context of the legal framework - and do that exceptionally well."

Work highlights Acted for the ad hoc committee of noteholders in connection with the CCAA proceedings and restructuring of Algoma.

Notable practitioners

Brendan O'Neill garners market recognition for his work acting for bondholder committees, and is considered "one of the go-to people in the market." He is engaged in a variety of mandates, including recapitalisation transactions and CBCA and CCAA proceedings. Peers say that "he has done a fantastic job" and describe him as "incredibly easy to deal with."

Brian Empey garners significant respect in the market and is experienced in handling cross-border restructurings. He notably acted for Toys R Us on its high-profile restructuring. His clientele also includes creditors and court-appointed officers.

Sources are impressed by the "very talented" Chris Armstrong . He is active on major restructuring and insolvency matters such as Crystallex's CCAA proceedings, and clients say: "He is going to be a real rock star one day."

Gale Rubenstein is recognised for her work on complicated matters in the field of restructuring and insolvency. She is a highly experienced practitioner whose work includes representing leading financial institutions. She has experience acting for clients on domestic and cross-border matters.

Jay Carfagnini is an "incredibly well-known and excellent lawyer" who is active on high-profile mandates such as Nortel's insolvency proceedings, in which he represented the monitor, Ernst & Young. He is recognised for his experience and market observers report that he has "a huge following and a lot of respect."

Joseph Latham is described as "a terrific guy with a very solid following of trustees and lenders in Toronto." As well as his lender work, he is visible acting for noteholders and court-appointed monitors. He acted for KSV Kofman in its capacity as monitor in Discovery's CCAA proceedings.

Joseph Pasquariello acted for PricewaterhouseCoopers in its capacity as special manager of Carillion in its CCAA proceedings. He also has experience representing monitors in high-profile matters.

Described by clients as "among the top professionals in the country" in the restructuring space, Robert Chadwick has profound experience in the field. His work includes representing noteholders in CCAA proceedings, representing financial institutions in the acquisition of assets, and acting on recapitalisation transactions. He elicits a great deal of respect among peers, who consider him one of the "indisputable" leaders in the space.