On December 30, 2019 the Supreme Court of Newfoundland and Labrador (the “NLSC”) released its decision in Re Norcon Marine Services Ltd. (“Norcon”) dismissing both an application by a debtor, Norcon Marine Services Ltd., for creditor protection under the Companies’ Creditors Arrangement Act (the “CCAA”), and a competing application by a secured creditor, the Business […]read more
Restructuring & Insolvency
Corporate restructuring, workouts, receiverships, realizations and foreclosures involve a great number of detailed issues. Our reputation for successful solutions in this area of law is based on a close working relationship with our clients, and a complete familiarity with relevant legislation. Our strong working relationships with other key professionals in the field contribute to a swift, comprehensive, and practical approach to every case.
From individuals to large corporations, private lenders to major Canadian financial institutions, Cox & Palmer lawyers are experienced in all aspects of restructuring and insolvency law.
On behalf of lenders or borrowers, we act in disputes arising out of credit transactions. Such disputes may relate to:
- Security assessment and realization
- Priority of claims or the enforcement of rights in bankruptcy and receivership.
The breadth of our background in litigation is an asset in negotiating equitable out-of-court settlements and, if necessary, effectively representing our clients at trial.