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...
We hope you enjoyed your free content!
To continue, please become a TMA member.
Access the Journal of Corporate Renewal and other content in the Learning Link.
Become part of a global organization of turnaround and restructuring professionals with 52 Chapters and more than 400 events each year.
Build your personal brand and professional network with opportunities to connect, speak, lead, and win awards.
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.