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Rebecca Kennedy


Rebecca practises in the area of bankruptcy and insolvency. She has experience in receiverships, security enforcement, debt collection, creditors’ rights, debtor protection and forbearance agreements and has represented lenders, debtors, receivers, trustees, inspectors, court-appointed monitors and DIP financiers in regional, national and cross-border insolvencies. Rebecca was recognized as a ‘Rising Star’ in insolvency/ restructuring by Expert Guides in both 2015 and 2016.

Representative Mandates

  • Lead counsel to RCR International Inc. and W.J. Dennis & Company in connection with a sale of substantially all of the assets of the companies through a CCAA proceeding and United States Chapter 15 proceeding.
  • Counsel to PricewaterhouseCoopers Inc. in its role as the court-appointed monitor of Pacific Exploration & Production Corporation and its subsidiaries, which debtors are undertaking a cross-border restructuring under the CCAA, Chapter 15 of the U.S. Bankruptcy Code and a foreign recognition under Law 1116 of 2006 in Colombia.
  • Counsel to GuestLogix Inc. and its subsidiaries with respect to their restructuring under the CCAA.
  • Represented the Trustees of the UK Pension Plan and the UK Pension Protection Fund in pursuing a $3 billion claim in the global restructuring proceedings of Nortel Networks and its subsidiaries, and in the allocation of its global proceeds of sale.
  • Counsel to the operating lender in a recent out-of-court restructuring and re-financing of a Canadian renewable energy company.
  • Counsel to a consumer products company that successfully restructured its affairs through a proposal under the BIA.
  • Supporting counsel to various real estate development companies and their various related entities through their respective proceedings under the CCAA.
  • Supporting counsel to an oil and gas company through their Canadian CCAA proceedings.
  • Supporting counsel to the lead lender and significant shareholder through the restructuring proceedings of an oil and gas company.
  • Counsel to various private equity funded lenders with respect to the recovery of funds through enforcement of security as well as maintaining facilities through restructuring proceedings.
  • Represents various clients in respect of receivership proceedings, bankruptcy matters, corporate reorganizations and workouts.
  • Acted as a court-appointed independent solicitor during the execution of a search warrant pursuant to s. 189 of the BIA.
  • Regularly represents lenders and other parties in Canadian and cross-border insolvency and enforcement proceedings.

Representative Mandates

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.

Professional Involvement

Rebecca is the co-editor of the TGF Newsletter, a monthly publication that keeps readers up to date on restructuring and litigation cases.

Rebecca is a member of:

  • International Women’s Insolvency & Restructuring Confederation
  • INSOL International
  • Turnaround Management Association
  • The Advocates’ Society
  • Canadian Bar Association
  • Ontario Bar Association, Insolvency Section


  • B.Sc. (First Class Honours) (Simon Fraser), 2004
  • LL.B. (Victoria), 2008

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

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