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Insolvency & Restructuring

Printable Summary

Financial difficulties can have a domino effect on a business and its stakeholders. Whether the solution is a reorganization, a restructuring, or a sale of assets, and whether our client is a creditor or debtor, Torkin Manes’ Insolvency & Restructuring Group works efficiently and cost-effectively to bring about the best resolution in the circumstances.

We act for national and international banks and other financial institutions, asset-based lenders, mezzanine funds, subordinated lenders, project finance lenders, and private lenders. Our clients also include borrowers and other participants in the financial services market in most sectors of the economy, including real estate development, technology, pulp and paper, mining, manufacturing, pharmaceutical, distribution, entertainment, construction, importing, and exporting.

Our Insolvency & Restructuring Group provides corporate recovery advice to all categories of stakeholders, in every type of restructuring undertaken in Canada. Because we have experience representing all sides of a workout, we can anticipate how other participants in the action will respond. We provide assistance to banks and other lenders, debtors, creditors, court-appointed monitors, receivers, liquidators, trustees in bankruptcy and any other client with an interest in a restructuring. As part of a full-service firm, we can call upon the expertise of our colleagues in Mergers and Acquisitions, Real Estate, Tax, Employment and other practice areas that may be needed in completing a restructuring transaction.

We focus on finding creative, practical solutions for clients facing the complex issues that inevitably arise during the course of private or court-protected restructuring proceedings. We pride ourselves on our ability to explain complex technical issues clearly, turn around documents quickly and cost-effectively, and advocate vigorously on our clients’ behalf. 

Some of our many services include:

  • Acting for trustees, receivers and monitors
  • Corporate recovery
  • Creditors’ remedies
  • Insolvency litigation
  • Investigative litigation
  • Non-insolvency receiverships, including oppression remedies
  • Reorganization and restructuring
  • Security realization
  • Statutory arrangements

Publications & Presentations

Torkin Manes LegalPoint

The Supreme Court of Canada Overturns the Federal Court of Appeal Decision in Callidus Capital: Secured Lenders in Canada can Breathe a Little Easier

Torkin Manes LegalPoint Almost one year ago, in an article entitled “Are Forbearance Agreements on the Endangered Species List?  The Effect of Canada v. Callidus C...
Nov 13, 2018
Torkin Manes LegalPoint

The Supreme Court of Canada Rules on When Lenders May Share Personal Information Without Violating Federal Privacy Legislation

Introduction: Privacy Legislation and Secured Lenders Privacy legislation, exemplified in Canada by the federal Personal Information Protection and El...
Nov 30, 2016

News & Media

Firm News

Torkin Manes shortlisted by Chambers Canada for the 2019 Regional Law Firm of the Year Award

Chambers Canada Torkin Manes is honoured to be shortlisted by Chambers & Partners in the category of Regional Law Firm of the Year for the 2019 Chambers Canada Aw...
Sep 18, 2019

Torkin Manes named Regional Law Firm of the Year at the 2019 Chambers Canada Awards

Chambers and Partners Torkin Manes is proud to announce that our firm has been recognized as the Regional Law Firm of the Year by Chambers and Partners at the 201...
Sep 17, 2019
In the News

Torkin Manes recognized as the #1 ranked Ontario regional law firm by Canadian Lawyer

Canadian Lawyer We thank our clients, colleagues and peers for recognizing us with this distinguished honour.
Mar 4, 2019

Cross-country Legal Acts Tough to Follow

The Lawyers Weekly When lawyers hear about 'cross-border law,' they typically think of statutes and regulations that vary from one country to another...But what about cr...
Nov 11, 2011