The Honourable Mr. Justice Michael Wood of the Nova Scotia Supreme Court has selected law firms Miller Thomson LLP and Cox & Palmer as Representative Counsel on behalf of the approximately 115,000 users affected by the shutdown of the QuadrigaCX cryptocurrency exchange.
On February 5, 2019, QuadrigaCX and certain affiliates were granted protection from creditors under the Companies’ Creditors Arrangement Act. Ernst & Young Inc. was appointed as Monitor in the proceeding. Court documents filed by QuadrigaCX indicate an amount of approximately $250 million is owed to its users and other creditors.
Miller Thomson will act as lead counsel, and Cox & Palmer will act as local counsel. “We are committed to advocating for the rights of all users affected by Quadriga’s shutdown,” says Gregory Azeff, the Miller Thomson partner leading the team.
Gavin MacDonald, partner at Cox & Palmer and local counsel, echoes Azeff’s sentiments. “Cox & Palmer’s wealth of experience in Nova Scotia cases will ensure that the court is alive to the issues that are important to our clients.”
Miller Thomson is a full-service national business law firm with approximately 550 lawyers in 12 offices across Canada. “Miller Thomson’s national presence will enable us to represent our clients efficiently and cost-effectively, particularly in partnership with Cox & Palmer,” says Peter Auvinen, Managing Partner of Miller Thomson’s Toronto office.
Cox & Palmer is a full-service regional business law firm with approximately 200 lawyers in 9 offices across the Atlantic provinces.