Firm / Organisation

Chaitons LLP

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This content is provided by Chaitons LLP.

Number of partners: 13
Number of lawyers: 23
Languages: English

Firm Overview:
Based in Toronto, Canada, Chaitons LLP was formed in 1983, and has become a leader in providing quality service and effective solutions in workout, restructuring and enforcement proceedings. The firm handles a broad range of financing transactions including traditional corporate lending, asset-based financing, equity, structured finance, term lending, mezzanine financing, debtor-in-possession financing and commercial litigation. The firm has a substantial lending and recovery practice that has been involved in a significant number of the largest restructuring and receivership proceedings in Canada, including cross-border proceedings. Chaitons’ clients occupy a broad spectrum and include Canadian and foreign banks, capital corporations, private equity firms, asset-based lenders, distressed lenders, real estate developers, professional services firms, and public and private businesses operating in various industries.

Main Areas of Practice:

Chaitons’ corporate group provides a wide range of transaction based corporate services to its clients, with an emphasis on financings, mergers and acquisitions and business arrangements.
The firm represents lenders and investors across the full spectrum of financings including in respect of senior, subordinated and mezzanine financings, as well as asset-based, distress and debtor-in-possession lending.

Recent engagements include representing clients in respect of:
■ Acquisition of asset management group having assets under management in excess of $500 million
■ Acquisition by a TSX listed corporation of one of Canada’s pre-eminent mid-market lenders
■ Acquisition and financing by a Canadian merchant bank of a leading Canadian manufacturer of machined products
Contact: Philip Taylor
Tel: 416 218 1125
Email: [email protected]

Insolvency/ Restructuring:
Recent engagements include representing:
■ Investors in Tier 1 Receivership Proceedings
■ Indenture trustee in the Lightstream CCAA proceedings
■ Senior secured lender and DIP lender in the Comstock CCAP proceedings
■ Receiver in the cross-border Syncapse receivership proceedings including sale of business to a public company
■ Purchaser of cross-border business and assets of iMarketing Solutions Group
■ Monitor of New Solutions Financial Corporation, a distressed lender with over $220 million of secured debt
■ Purchaser of assets in the Talon Systems group of companies insolvency proceedings
■ Indenture trustee in the Hollinger CCAA proceeding
■ Indenture trustee in the Catalyst Paper CCAA proceeding
■ Indenture trustee in the NewPage CCAA proceeding
■ Indenture trustee in the Sino Forest CCAA proceeding
■ US Chapter 7 trustee in pension priority dispute in the Indalex CCAA proceeding, which was argued before the Supreme Court of Canada
■ Purchaser of the Gorham Paper Mill from Fraser Papers in its CCAA and Ch. 11 proceedings
■ Purchaser of assets in the NewPage CCAA proceeding
■ CCAA Monitor of Gandi Innovation and related entities in their CCAA and Ch 15 proceedings and the sale of the business to Agfa
■ Nexient, a leading Canadian provider of corporate and public training services, in its CCAA proceeding and the sale of the business to Global Knowledge
■ Clothing for Modern Times, a national clothing retailer, in its restructuring under the CCAA
■  Several different stakeholders in the Nortel restructuring proceedings
■ Court-appointed monitors, receivers and trustees in bankruptcy in numerous Canadian insolvency proceedings
Contact: Harvey Chaiton
Tel: 416 218 1129
Email: [email protected]

Chaitons’ broad commercial litigation practice includes expertise in matters related to insolvency, creditor enforcement of security, shareholder and partnership disputes, commercial disputes, contractual issues, real estate litigation and construction litigation.
Contact: Stephen Schwartz
Tel: 416 218 1132
Email: [email protected]

Commercial Real Estate:
■ General commercial real estate practice with specialty in condominium development (including resort and fractional ownership), seniors housing development, leasing and acquisitions and divestures of income producing properties
■ Acted in connection with the acquisition, leasing and sale of a $65 million commercial property
■ Acted in connection with the acquisition of multiple properties for nursing home developments pursuant to a provincial request for proposal
Contact: Robert A Miller
Tel: 416 218 1134
Email: [email protected]

Mortgage Enforcement:
The firm provides an outsourcing program to assist banks, financial institutions and other lenders in the administration of mortgages in default. This includes all legal services, management of property managers, listing, negotiation and sale of properties, filing claims with mortgage and other insurers. All done on budget and on time.
Contact: Eva Lake
Tel: 416 218 1126
Email: [email protected]