Grant

Grant B. Moffat

gmoffat@tgf.ca
416.304.0599416.304.0599

Bio

Grant is a leading practitioner in the areas of insolvency, restructuring and banking law, with a particular emphasis on the exercise of creditors’ rights. He frequently acts for chartered banks, insurance companies and other financial institutions and as independent counsel to court officers, such as receivers, bankruptcy trustees and monitors in CCAA proceedings.

Representative Mandates

  • Acting as counsel to PwC as Court-appointed receiver and manager of Bridging Finance Inc. and its related funds.
  • Acting as insolvency counsel to the Province of British Columbia on behalf of a class of Canadian governments in connection with the CCAA recognition proceeding for the Purdue Pharma Chapter 11 proceeding.
  • Acting as insolvency counsel for a putative class of Canadian claimants in the CCAA recognition proceeding for the LTL Management Chapter 11 proceeding.
  • Advised the DIP Lender and plan sponsor in the CCAA proceeding for the Bloom Lake and Wabush Mines.
  • Acted as the Court-appointed representative counsel to the Redstone Capital Corporation investors in connection with a motion to substantively consolidate the estates of three related Redstone entities.
  • Advising the Monitor in the CCAA proceeding for the Valle Foam Industries group of companies, manufacturers of foam products and defendants in a series of class actions commenced in Canada and the United States.
  • Advising the Monitor in the CCAA proceeding for Olympus United Funds Corp., commenced by its court-appointed Receiver to implement a multi-million dollar settlement with the company’s former auditors.
  • Advising the court-appointed Receiver of the Norshield group of companies, part of a hedge fund investment structure which raised more than $130 million from retail investors in Canada and involves cross-border proceedings in the United States, Barbados and the Commonwealth of The Bahamas.
  • Advised the senior secured lender and DIP Lender in the CCAA proceedings for Co-op Atlantic.
  • Advised the lending syndicate and DIP Lender in the CCAA proceedings for Mady Collier Centre Ltd.
  • Advised the DIP Lender in the CCAA proceedings for U. S. Steel Canada Inc.
  • Advised the court-appointed Chief Restructuring Officer in the CCAA proceedings for the Northstar Aerospace group of companies.
  • Advised Marriott Hotels of Canada Ltd., the former operator of the Red Leaves resort hotel and condominium development in Minett, Ontario, in connection with the receivership of The Rosseau Resort Developments Inc.
  • Advised Canada’s best known retailer of china and crystal in connection with the restructuring and ultimate sale of its assets and business operations.
  • Advised the Monitor in the CCAA proceeding for Brainhunter Inc., a pubicly traded provider of information technology and engineering staffing services.

Representative Mandates

Wabush Mines: CCAA proceedings for Wabush Mines

Advising the DIP Lender in the CCAA proceedings for Wabush Mines

Mady Collier Centre Ltd.: Counsel to the Lending Syndicate and DIP Lender

Advising the lending syndicate and DIP Lender in the CCAA proceedings for Mady Collier Centre Ltd.

Co-op Atlantic: Counsel to the senior secured lender and DIP Lender

Advised the senior secured lender and DIP Lender in the CCAA proceedings for Co-op Atlantic, formerly one of Atlantic Canada’s largest co-operatives

Extreme Fitness, Inc.: Counsel to the senior lender

Advised the senior secured lender in the CCAA proceeding for Extreme Fitness, Inc.

Redstone Investment Corporation and Redstone Capital Corporation: Court-appointed representative counsel

Acted as the court-appointed representative counsel to the Redstone Capital Corporation investors in connection with a motion to substantively consolidate the estates of three related Redstone entities.

Northstar Aerospace group: CCAA proceedings for the Northstar Aerospace group of companies

Advised the court-appointed Chief Restructuring Officer in the CCAA proceedings for the Northstar Aerospace group of companies

Hidden Vally Resort, The Elora Mill Inn and Benmiller Inn & Spa

Advised the Court-appointed Receiver of Hidden Valley Resort, The Elora Mill Inn and the Benmiller Inn & Spa

Capital Bank International Limited in Grenada: Counsel to the Liquidator

Advising the Court-appointed Receiver of Capital Bank International Limited in Grenada

Valle Foam Industries group: Advising the Monitor in the CCAA proceeding for the Valle Foam Industries group of companies

Advising the Monitor in the CCAA proceeding for the Valle Foam Industries group of companies, manufacturers of foam products and defendants in a series of class actions commenced in Canada and the United States

Marriott Hotels of Canada Ltd.: Advised Marriott Hotels of Canada Ltd. in the receivership of The Rosseau Resort Developments Inc.

Advised Marriott Hotels of Canada Ltd., the former operator of the Red Leaves resort hotel and condominium development in Minett, Ontario in connection with the receivership of The Rosseau Resort Developments Inc.

Brainhunter Inc.: Counsel to the Monitor

Advised the Monitor in the CCAA proceeding for Brainhunter Inc., a publicly traded provider of information technology and engineering staffing services

Olympus United Funds Corp.: CCAA proceeding for Olympus United Funds Corp

Advising the Monitor in the CCAA proceeding for Olympus United Funds Corp., commenced by its Court-appointed Receiver to implement a multi-million dollar settlement with the company's former auditors

Key Porter Books Limited and H.B. Fenn and Company Ltd: Counsel to the debtors

Advised Key Porter Books Limited and H.B. Fenn and Company Ltd., formerly Canada's largest book distributor

Norshield

Litigation counsel to the receiver, RSM Richter Inc., in the Norshield hedge fund scandal involving the tracing and attempted recovery of over $400 million in funds in several jurisdictions. Involved cross-border proceedings in the United States, Barbados and the Commonwealth of The Bahamas. 

Professional Involvement

Grant is a speaker and writer for various professional associations in matters relating to insolvency law and is a contributor to the Lexis Practice Advisor (Asset Purchase Agreements).

Grant is a member of:

  • Insolvency Institute of Canada
  • Canadian Bar Association
  • The Advocates’ Society
  • Turnaround Management Association
  • INSOL International
  • Canadian Insolvency Foundation
  • Insolvency Law Section of the Ontario Bar Association

Recent professional appearances include:

Recognition

Grant is recognized in:

  • The Best Lawyers in Canada® 2022 and prior years (Insolvency & Financial Restructuring)
  • Chambers Canada Guide 2022 and prior years (Restructuring/Insolvency)
  • Chambers Global 2022 Guide and prior years (Restructuring/Insolvency)
  • The Canadian Legal Lexpert Directory 2022 and prior years (Insolvency & Financial Restructuring)
  • Who's Who Legal - National Leader – Restructuring & Insolvency 2021
  • Benchmark Canada: The Definitive Guide to Canada’s Leading Litigation Firms and Attorneys 2022 & 2021 (Litigation Star in Ontario)
  • Who's Who Legal Canada 2020 (Restructuring & Insolvency)
  • Euromoney Expert Guides 2021 and prior years (Restructuring and Insolvency)

Education

  • LL.B. (Queen's), 1989
  • B.A. (with distinction) (Queen's), 1986