Davies

Return To Profile

• Acting for Ernst & Young Inc., a Court-appointed Monitor, in connection with the restructuring of Quebecor World Inc. and 53 of its subsidiaries in excess of US$2.8 billion of liabilities and emerged from protection under the Companies' Creditors Arrangement Act and Chapter 11 of the U.S. Bankruptcy Code pursuant to Plans of Reorganization approved by creditors and courts in both countries.

• Acted for Alvarez & Marsal Canada ULC as monitor of Maax Inc. and its subsidiaries under the Companies' Creditors Arrangement Act and proceedings under Chapter 15 of the U.S. Bankruptcy Code.

• Acted as Canadian counsel to India-based Tata Chemicals Limited in its acquisition of General Chemical Industrial Products Inc. in a transaction valued at US$1 billion, making Tata Chemicals one of the largest soda ash producers in the world.

• Acted for HSBC Bank Canada, the most important guaranteed creditor of ROL Manufacturing (Canada) Ltd. and its subsidiaries, in relation to its restructuring attempt under the Companies' Creditors Arrangement Act proceedings and United States Chapter 15 proceedings of ROL Manufacturing and its subsidiaries.

• Acted for Catalyst Fund in connection with the restructuring of Cable Satisfaction International Inc. under the Companies' Creditors Arrangement Act (CCAA) and the sale of principal subsidiary Cabovisao Televisao Por Cabo, S.A. to Cogeco Inc.

• Acted for Vista Equity Partners, a leading US private equity firm, and P2 Energy Solutions, one of Vista Equity's portfolio companies, in connection with the acquisition by P2ES Holdings, Inc. of the assets of WellPoint Systems Inc. and of its Canadian and US subsidiaries out of receivership for an approximate consideration of US$36 million plus the assumption of certain liabilities.

• Acted for Aleris International, Inc. in connection with the bankruptcy of Aleris Aluminum Canada S.E.C.

• Acted for Dune Capital Management LP, a secured creditor in connection with the Companies' Creditors Arrangement Act proceedings of White Birch Paper Holding Company.

• Acted for Shermag Inc. and its subsidiaries in connection with its Companies' Creditors Arrangement Act proceedings.

• Acted for Catalyst Fund Limited Partnership I in the restructuring of Cable Satisfaction International Inc., sponsored by Catalyst, including the sale of Cable Satisfaction's subsidiary, Cabovisao-Televisao por Cabo, S.A., to Cogeco Cable Inc. in an all-cash transaction valued at 465 million euros.

• Acted for Laurentian Bank of Canada, a significant secured creditor of Groupe de Scieries GDS and its subsidiaries, in their restructuring attempt under the Companies' Creditors Arrangement Act. Davies was successful in obtaining for the Bank significant modifications to the Initial Order, which led to the Bank's claim being purchased by another creditor.

• Acted for Eaux Vives Harricana Inc. and its two subsidiaries in its restructuring under the Companies' Creditors Arrangement Act (CCAA). This restructuring resulted in the implementation of a plan of arrangement compromising claims aggregating over $100 million.