Knight Therapeutics Inc.

Acted for Knights Therapeutics Inc., as licensee of Antibe Therapeutics Inc., in Antibe’s restructuring under the Companies’ Creditors Arrangement Act and receivership proceedings.

Mastermind Toys

Acted for Mastermind Toys in its proceedings under the Companies' Creditors Arrangement Act, which included liquidating 18 stores and the sale of majority of its locations to Mastermind Toys Inc., a subsidiary of Unity Acquisitions Inc.

The Body Shop Canada Limited

Acting for The Body Shop Canada Limited Inc. with its restructuring under the Companies' Creditors Arrangement Act, which include liquidating 33 stores across Canada. 

FTI Consulting Canada Inc.

Acting for FTI Consulting Canada Inc. in its capacity as the neutral, court-appointed monitor of Imperial Tobacco Canada Limited and its affiliates in proceedings under the Companies’ Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code involving a historic C$32.5-billion plan of compromise and arrangement to settle tobacco-related liabilities.

Post Road Specialty Lending Fund II LP

Acting for Post Road Specialty Lending Fund II LP, as well as MBL as the agent for the Post Road Group lenders, on restructuring and insolvency matters in connection with Post Road’s investment in Trade X Group of Companies and Wholesale Express.

Confidential client

Acting for the debtor in a confidential restructuring and wind down involving three separate agricultural companies across Canada and the U.S. with combined annual revenue in excess of $50 million.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners in its acquisition (and related financing) of the Gesco Group of Companies, a leading specialty distributor of floor covering solutions across Canada, pursuant to a sale proceeding conducted under the Companies' Creditors Arrangement Act.

Tenneco

Acting for Tenneco, in its capacity as a large customer in the receivership of UTIL Canada and Mechtron.

Crystallex International Corporation

Acting as counsel for the debtor in Crystallex International Corporation's proceedings under the Companies' Creditors Arrangement Act.

Deloitte

Acting as Canadian counsel to Deloitte as joint administrator of Links of London (UK) Ltd., a UK-based luxury brand jewellery company.

Laurentian University of Sudbury

Acted as lender counsel to Laurentian University of Sudbury in its restructuring proceedings under the Companies' Creditors Arrangement Act, an unprecedented occurrence for a publicly funded Canadian university.

Blue Torch Capital LP

Acted for Blue Torch Capital LP, as lender, and HPS Investment Partners, LLC, as agent, in connection with the recapitalization of ASX-listed mining company, Boart Longyear Limited, under the secured creditors' scheme and unsecured creditors' scheme approved by the Supreme Court of New South Wales, Australia.

Willoughby Asset Management Inc.

Acting for Willoughby Asset Management Inc., a large unitholder, in connection with Bridging Finance Inc.'s court-appointed receivership proceedings amidst allegations of fraud and misconduct.

KSV Restructuring Inc.

Acting for KSV Restructuring Inc. in its role as proposal trustee pursuant to Notices of Intentions filed by YG Limited Partnership and YSL Residences Inc., developer of Yonge Street Living Residences.

Atlantic Park Strategic Capital Fund, L.P.

Acted as Canadian counsel for Atlantic Park Strategic Capital Fund, L.P. in its $250 million senior secured term loan due 2026 to Team, Inc.

KSV Kofman Inc. (now known as KSV Restructuring Inc.)

Acted for KSV Kofman Inc. (now known as KSV Restructuring Inc.) in its role as monitor of James E. Wagner Cultivation Corporation, a Canadian licensed cannabis producer, in connection with proceedings under the Companies' Creditors Arrangement Act, the first ever successful sale of a Canadian cannabis company without using a reverse vesting order.

McCain Foods Limited

Acted for McCain Foods Limited in its $70-million acquisition of Hillspring Farms Ltd., a Canadian farmer of potatoes, through a quick-flip sale in a receivership.

FCF Co. Ltd.

Acted as Canadian counsel for FCF Co., Ltd. in its US$928-million acquisition of all the assets of Clover Leaf Foods and Bumble Bee Foods, North America's largest branded shelf-stable seafood companies, under a sale proceeding conducted under the Companies' Creditors Arrangement Act and the U.S. Bankruptcy Code.

Bentley Leathers Inc.

Acted for Bentley Leathers Inc., a Montréal-based luggage, handbags and travel accessories retailer, in its restructuring into a new entity to preserve over 160 of its 250 stores across Canada.

Hydrostor Inc.

Acted for Hydrostor Inc., a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in securing a US$37-million growth financing to advance their global pipeline of utility-scale energy storage projects, including equity, debt, an asset acquisition, cash commitments, a project development partnership with Meridiam, a global infrastructure developer, and a strategic technology partnership with Baker Hughes, a GE Company.

Bank of Montreal

Acted for the Bank of Montreal as co-lead arrangers and joint bookrunners with ATB Financial with a syndicated credit agreement for Sundial Growers Inc., a global cannabis company based in Canada and the United Kingdom.

Things Remembered Canada Inc.

Acted for Things Remembered Inc. (Canada) and Things Remembered, Inc. (U.S.) in their cross-border restructuring proceedings under the Bankruptcy and Insolvency Act in Canada and Chapter 11 of the U.S. Bankruptcy Code.

McKesson Canada Corporation

Acting for McKesson Canada Corporation in Purdue Pharma's voluntary proceedings under Companies' Creditors Arrangement Act in Canada and Chapter 11 of the U.S. Bankruptcy Code.

Alvarez & Marsal

Acted for Alvarez & Marsal in its role as Monitor of Ben Moss Jewellers Western Canada, Ltd. in connection with proceedings under the Companies' Creditors Arrangement Act.

A significant creditor

Acted for a significant creditor in connection with the Maple Bank of Canada's liquidation proceedings under the Winding-Up and Restructuring Act.

Danier Leather Inc.

Acted for Danier Leather Inc. in its proposal, receivership and bankruptcy proceedings all under the Bankruptcy and Insolvency Act, which saw all of Danier's creditors being paid in full, leaving a considerable surplus for shareholders.

GSO Capital Partners LP

Acted for GSO Capital Partners LP and its affiliates in the negotiation and establishment of two credit facilities, and the acquisition of substantially all of the assets of Grafton-Fraser Inc., former owner of Tip Top Tailors and other men's retail chains across Canada, pursuant to the Companies' Creditors Arrangement Act.

Quality Engineered Homes

Acted for Quality Engineered Homes in connection with a secured loan from Liquid Capital.

Nortel Networks UK Limited

Acted as Canadian counsel to Nortel Networks UK Limited together with 18 of its subsidiaries and their Joint Administrators (the EMEA Estate), in connection with the global liquidation of the Nortel group of companies.

Richter Advisory Group

Acted as counsel to Richter Advisory Group Inc. as receiver and manager in the matter of AFI Hydro Inc.

PricewaterhouseCoopers Inc.

Acted for PricewaterhouseCoopers Inc., in its capacity as Court-appointed Monitor for 923451 Ontario Limited (formerly known as Comstock Canada Ltd.), CCL Realty Inc. and CCL Equities Inc.

Elleway Acquisitions Corp.

Acted for Elleway Acquisitions Corp. in connection with the purchase of outstanding secured indebtedness of Travelzest plc from Barclays plc and the related acquisition by subsidiaries of Aldenham Canada Acquisition Corp. of the assets of Itravel 2000, The Cruise Professionals Limited and Travelcash from Grant Thornton Limited, the receiver of the corporations owning such businesses and its subsequent proposal under the Bankruptcy and Insolvency Act.

HUSC, LLC

Acted for HUSC, LLC as secured creditor in connection with the receivership of United Silver Corp.

MAM Technologies Inc.

Acted for MAM Technologies Inc. in connection with the acquisition of the assets of Kanata Chemical Technologies Inc. from A. Farber & Partners Inc., the court appointed receiver and manager of Kanata Chemical Technologies Inc.

Carrier Enterprise Canada L.P.

Acted for Carrier Enterprise Canada L.P. in connection with the receivership and bankruptcy of Galmar Electrical Contracting Inc. and Brenmar Heating & Air Conditioning Ltd. and certain of their affiliates.

Plazacorp Retail Properties Ltd.

Acted for Plazacorp Retail Properties Ltd. in connection with the credit facility provided by Royal Bank of Canada with respect to its negotiated takeover bid of KEYreit for approximately $119 million.

Japan Airlines

Acted for Japan Airlines in connection with proceedings in Canada to implement and enforce insolvency proceedings conducted in Japan.

Grupo FerroAtlántica S.A.

Acted for subsidiaries of Grupo FerroAtlántica, S.A. in a successful bid for the acquisition of the solar-grade silicon assets of Timminco Inc. and Bécancour Silicon Inc. in connection with their insolvency proceedings under the Companies' Creditors Arrangement Act.

Union Bank, N.A.

Acted for Union Bank, N.A. in connection with the establishment of credit facilities to finance the construction and operation by SunE Sandhurst LP of a ground-mount solar project in Sandhurst, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Renewable Energy Standard Offer Program (the predecessor to Ontario's Feed-in-Tariff Program).

Norddeutsche Landesbank Girozentrale, New York Branch

Acted for Norddeutsche Landesbank Girozentrale, New York Branch in the establishment of credit facilities for the acquisition, construction and operation by Starwood SSM3 Canada L.P., of a 10 MW solar power facility in Sault Ste. Marie, Ontario.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners in the purchase by Ironbridge of all of the assets of Industrial Commercial Equipment Manufacturing Ltd. associated with its Frost Fighter business.

Postmedia Network Inc.

Acted for Postmedia Network Inc. in the acquisition of the publishing business of Canwest LP under a sale proceeding conducted pursuant to the Companies' Creditors Arrangement Act. The assets included the largest publisher of English-language newspapers in Canada as well as an extensive portfolio of digital media and online assets. The aggregate enterprise value of the assets was estimated to be $1.1 billion. Also acted throughout the CCAA proceedings for an Ad Hoc Committee of Noteholders, comprised of 18 investment funds, which held the majority of Canwest LP's outstanding indebtedness and which provided a $250-million equity commitment to permit the acquisition.

Cooper-Standard Automotive Canada Limited

Acted as counsel for Cooper-Standard Automotive Canada Limited in its filing under the Companies' Creditors Arrangement Act and related proceedings under Chapter 11.

Toyota Boshoku America, Inc.

Acted for Toyota Boshoku America, Inc. in connection with its acquisition of the Trim Masters operations in Ontario from Johnson Controls, Inc.

Insolvency Institute of Canada, 2024 Annual Conference, “Dual Corporate Personalities – Now You See One, Now You Don’t”; Scottsdale, AZ

Sept. 26, 2024

Insolvency Insider, Lenders Conference, “Taking Things to the Next Level”

Mar. 01, 2023

Annual Review of Insolvency Law (ARIL), Conference, “Oppression and Insolvency: When Does Prejudice Become Unfair?”; Webcast

Feb. 04, 2022

Are the Rumours True? Has There Been a Shift Away From the Use of Plans of Compromise and Arrangement under the CCAA? A Cross-Canada Look at the use of CCAA Plans of Compromise and Arrangement over the Years, co-author

Feb. 26, 2021 - Annual Review of Insolvency Law 2021 (Toronto: Thomson Reuters, 2022)

Insolvency Insider, “2020: A Year of Firsts in Cannabis Insolvencies”; Webcast

Jan. 25, 2021

Trending Decisions: Cases We Are Following, co-author

Nov. 15, 2020 - Rebuilding Success, Fall/Winter 2020 (CAIRP)
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Natalie Renner and Robin Schwill Detail First-Ever “Going Concern” Sale of Cannabis Producer in Canadian Lawyer

Sept. 17, 2020 - Davies partners Natalie Renner and Robin Schwill were featured by Canadian Lawyer this week in an article on their facilitation of a “going concern” asset sale of an insolvent cannabis company – a Canadian industry first. The sale involved a complete transfer of the business, and the...

Trending Decisions: Cases We Are Following, co-author

July 07, 2020 - Rebuilding Success, Spring/Summer 2020 (CAIRP)
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Natalie Renner Speaks to The Globe and Mail About Legislative Shortcomings in Cannabis Insolvencies

Jan. 10, 2020 - With a wave of cannabis insolvencies likely on the horizon, The Globe and Mail’s Report on Business Cannabis Professional featured Natalie Renner in an article (available to subscribers) about hurdles caused by gaps in the existing bankruptcy laws. The biggest unresolved issue is the fact...

Natalie Renner Speaks to BNN Bloomberg About Regulatory Hurdles in Cannabis Insolvencies

Dec. 05, 2019 - In an interview with BNN Bloomberg, Natalie Renner offers her perspective on the state of the current cannabis legislation and why the inability to transfer licenses creates significant complications for cannabis producers facing insolvency. Watch the interview.

Trending Decisions: Cases We Are Following, co-author

Aug. 15, 2019 - Rebuilding Success, Fall/Winter 2019 (CAIRP)
Download this article.

Trending Decisions: Cases We Are Following, co-author

Mar. 15, 2019 - Rebuilding Success, Spring/Summer 2019 (CAIRP)
Download this article.

Top Court Rules Bankrupt Corporations Can’t Evade Environmental Obligations

Feb. 05, 2019 - In a landmark decision released on January 31, 2019, the Supreme Court of Canada (SCC) ruled in Orphan Well Association v Grant Thornton Ltd. that the environmental remediation obligations of a bankrupt oil and gas company must be fulfilled in priority over all other claims, including…

International Insolvency Confederation, “Blockchain & Cannabis: What every IIC member needs to know”

Dec. 12, 2018

Why the Cannabis Act Should Make Company Stakeholders Nervous

Nov. 28, 2018 - The following op-ed was originally published in The Globe and Mail. Last month, Canada became the first G7 country to legalize recreational cannabis nationwide, fulfilling the promise first announced by the Liberal government on the campaign trail in 2015. In the months leading up to...

Natalie Renner Explores Lack of Commercial Protections in Federal Cannabis Act in Globe and Mail Op-Ed

Nov. 28, 2018 - In an op-ed published in The Globe and Mail, Davies partner Natalie Renner writes that the Canadian cannabis industry’s regulatory framework is unprepared for the industry’s projected commercial growth and inevitable failures. Read the full article.

Osgoode Hall Law School, Osgoode Professional Development Program, Perfect Your PPSA Skills, “Overview of Personal Property Security Act”; annual

Nov. 14, 2018

Osgoode Hall Law School, Osgoode Professional LLM Program Lending, Security and Insolvency Law Course, “Taking PPSA Security”; annual

Nov. 12, 2018

Osgoode Hall Law School, Osgoode Professional LLM Program, Bankruptcy and Insolvency Law Course, “Credit bidding in CCAA proceedings and quick-flip sales through receiverships”; annual

Oct. 01, 2018

Natasha MacParland and Natalie Renner Introduce Feature Column in Rebuilding Success Magazine

Sept. 24, 2018 - Davies partners Natasha MacParland and Natalie Renner will be authoring a regular feature column in Rebuilding Success, the official magazine of the Canadian Association of Insolvency and Restructuring Professionals. Launched in the magazine’s Fall/Winter 2018 edition, the column,...

International Women’s Insolvency and Restructuring Confederation, “Recent Trends in CCAA and Cross-Border Sales Processes”

May 15, 2016

Insolvency, co-author

Oct. 30, 2013 - Bullen & Leake & Jacob's Canadian Precedents of Pleadings, 2d ed., (Toronto: Carswell)