Chapter 15
Liz has represented debtors in various complex cross-border cases
including contested foreign recognition proceedings involving the
United Kingdom, the British Virgin Islands, French, and Canadian Laws.
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Represented a debtor, a Mississauga, Ontario-based leading retail
consumer company specializing in electricity and natural gas
commodities, energy efficiency solutions, and renewable energy
options, in its Chapter 15 proceedings in the United States to
recognize proceedings commenced in Canada under the Companies’
Creditors Arrangement Act (CCAA).
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Represented a debtor and an ad hoc committee of noteholders in
restructuring of US$300 million senior notes issued by the debtor by
way of a scheme of arrangement in the British Virgin Islands
recognized under Chapter 15 of the U.S. Bankruptcy Code.
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Represented a debtor, in its comprehensive restructuring strategy to
deleverage their balance sheet, increase liquidity, extend maturity
dates on its revolver and its 3 tranches of senior secured notes and
to change the governing law for its funded debt obligations from New
York to UK law.
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Represented a debtor in its Chapter 15 proceeding for recognition of
proceedings in the United Kingdom in connection with its
restructuring plan under the new Part 26A of the Companies Act 2006.
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Represented a debtor and its affiliates in their chapter 11 cases.
The debtor obtained confirmation of its plan of reorganization in
less than 24 hours and emerged from chapter 11 that same day.
Pursuant to the prepackaged chapter 11 plan of reorganization, The
debtor de-levered its balance sheet by more than $400 million.
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Represented a British fashion retailer, in its parallel company
voluntary arrangements (CVA) for two of its English tenant
companies, and its Chapter 15 proceeding in the United States. The
debtor has approximately 3,000 employees across the world and has
255 directly operated stores, franchises, concessions and outlets
across 27 countries.