In recent years, there has been an upward trend in the use of the Canadian insolvency regime as a mechanism to “detach” an unprofitable Canadian subsidiary from a larger corporate enterprise. In circumstances where an economically viable parent is hemorrhaging losses as a result of its Canadian...
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Aryo Shalviri is an associate with Blake, Cassels & Graydon LLP in Toronto. His practice is focused on complex commercial reorganizations, financial restructurings, and distressed acquisitions and investments. Shalviri is a member of the Blakes’ Distressed Retail Sub-Group and has acted as counsel to key stakeholders on a number of large retail insolvencies over the past several years.
Linc Rogers is a partner with Blake, Cassels & Graydon LLP in Toronto. He acts as a principal advisor to key stakeholders in some of Canada’s most complex domestic and cross-border restructurings and distressed acquisitions. Rogers is chair of Blakes’ Distressed Retail Sub-Group and has acted on a number of large retail insolvencies over the past several years.