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Restructuring

TGF is widely recognized for its leading national and international restructuring practice. The TGF Restructuring Group applies its deep experience in restructuring to finding creative and business-oriented solutions that have led to strong, long-lasting relationships with its clients. TGF’s aggressive, responsive and effective approach to restructuring has ensured that its lawyers have been involved in virtually every major insolvency proceeding in Ontario over the last twenty years, covering every business sector.

Recognition

Representative Mandates

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Nortel Networks: Canadian Insolvency Counsel for the UK Pension Claimants, the largest single creditor in the worldwide Nortel Networks proceedings - $4 Billion.

Canadian counsel to the Trustees of Nortel Networks UK Limited’s Pension Trust and the Pension Protection Fund throughout the unprecedented trials and appeals.

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United States Steel

Contentious three-way battle between US Steel, employee and pensioner union and the Province of Ontario.

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Hollinger: Hotly contested CCAA application resulting in a global settlement

The file involved a hotly contested CCAA application resulting in a global settlement amongst stakeholders followed by a creative harvesting of litigation assets by a litigation trustee all under and as part of a CCAA filing.

 

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Mobilicity

An unusual case involving the Federal Government and a pending lawsuit in respect to the government's actions. 

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Coopers & Lybrand

Counsel to Coopers & Lybrand in connection with its restructuring proceedings, and litigation counsel in connection with the successful defence of claims against Coopers with a value of approximately $400M.

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AbitibiBowater: Counsel to the Court-appointed Monitor

Counsel to Ernst & Young, court-appointed monitor in the successful cross-border restructuring of the AbitibiBowater entities, one of the world's largest publicly traded pulp and paper manufacturers


Recent Developments

Publication

Roll-up DIPs: The other “shoe” drops

On April 20, 2017, in Payless Holdings Inc. LLC, Re,DIP Facility”) granted in Payless’ (as defined below) proceedings pursuant to Chapter 11 of the U.S. Bankruptcy Code (the “Chapter 11 Proceedings”). The Court held that it was not reasonable ...

Thornton Grout Finnigan LLP, Suite 3200, 100 Wellington Street West, P.O. Box 329, Toronto-Dominion Centre, Toronto, ON M5K 1K7 Canada T 416.304.1616 E info@tgf.ca

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