Wolff Leia offers decades of experience on all aspects of reorganizations and restructurings. We have represented financial institutions and investors, commercial and financial organizations, creditors’ committees, receivers, monitors, trustees, public and private companies, debtors and purchasers in restructurings and insolvencies. We offer legal advice and counsel on all aspects of insolvency matters, including:

Security Enforcement and Creditors’ Remedies:
  • Foreclosures by Operators under section 505 of the CAPL Operating Procedure against defaulting non-operating working interest holders (recent versions of the CAPL Operating Procedure provide for recovery of solicitor and client legal costs)
  • Forced sale of oil and gas working interests
  • enforcement of security through contractual remedies or court proceedings
  • advice in arrangements, receiverships, liquidations, and bankruptcies
  • strategy and advice to lenders and investors to maximize results in court-supervised restructurings
Reorganizations and Restructurings:
  • identifying solutions for viable businesses in financial difficulty
  • planning and implementing formal and informal restructurings
  • negotiating, structuring and financing of merger and acquisition transactions in insolvencies
  • advice on directors’ and officers’ liabilities and responsibilities
  • advice on environmental, labour and priority claims responsibilities
  • specialized assistance in resource company insolvencies
  • structuring DIP lending transactions
  • advice to lenders in multi-party and syndicated loan transactions in distressed situations
  • security reviews