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Chris Armstrong


carmstrong@goodmans.ca vCard
Bay Adelaide Centre - West Tower
333 Bay Street, Suite 3400
Toronto, ON M5H 2S7

Tel:   416.849.6013
Fax:   416.979.1234

Chris Armstrong is a partner in the Corporate Restructuring Group at Goodmans where he practices in the areas of financial restructuring and insolvency, mergers and acquisitions and corporate law. He has been recognized as a leading practitioner in the areas of financial restructuring and insolvency by The Canadian Legal Lexpert Directory, Best Lawyers in Canada and Who’s Who Legal, and by The Legal 500 and Expert Guides as a “rising star”. In 2017, he was also honoured as one of Lexpert’s Rising Stars: Leading Lawyers Under 40.

His practice includes acting for debtors, court-appointed officers, bondholders, purchasers and other stakeholders in complex Canadian and cross-border restructurings and related transactions, as well as acting on behalf of purchasers, vendors, secured creditors and receivers in receiverships and distressed asset sales. His recent mandates include:

  • Nortel Networks – Representing the Canadian court-appointed “super monitor” in virtually all aspects of this multi-national insolvency proceeding involving coordinated CCAA, Chapter 11 and UK administration proceedings, including in connection with the sales of Nortel’s business units and patent portfolio for US$7.5 billion, the unprecedented cross-border trial to resolve various disputes among Nortel’s Canadian, U.S. and European estates, the claims resolution process, environmental matters, the restructuring and wind-up of Nortel Canada’s controlled subsidiaries in the Asia-Pacific region, the 2016 global settlement of the sale proceeds allocation dispute among the Nortel estates and their significant creditors, and the US$4.5 billion CCAA plan of arrangement implemented in 2017.
  • Toys “R” Us – Acting for Toys “R” Us Canada in its coordinated CCAA and Chapter 11 proceedings, including in connection with the successful going-concern sale of Toys “R” Us Canada to Fairfax Financial Holdings Limited for US$300 million.
  • Crystallex International – Representing an ad hoc committee of bondholders and Computershare Trust Company in its capacity as trustee in Crystallex’s ongoing CCAA proceedings and related Chapter 15 proceedings, including with respect to Crystallex’s efforts to recover a US$1.3 billion ICSID award against the Republic of Venezuela for the benefit of its stakeholders.
  • Aralez Pharmaceuticals – Acting for Nuvo Pharmaceuticals Inc. as the stalking-horse purchaser of Aralez’s Canadian business and certain U.S. assets for US$110 million in Aralez’s coordinated CCAA and Chapter 11 proceedings.
  • Bondfield Construction and Forma-Con Construction – Acting for Bondfield’s senior-secured lender in connection with Bondfield’s CCAA proceeding and the receivership of Forma-Con Construction, including in connection with the sale of Forma-Con’s business and other assets.
  • Trump International Hotel Toronto – Representing the follow-on purchaser of the Trump International Hotel Toronto following the project being placed into receivership in 2016.
  • North America Milling – Acting for the receiver in connection with the liquidation of North America Milling’s assets.
  • Horsehead Holding Corp. – Acting for the CCAA information officer in the Canadian foreign recognition proceedings of Horsehead’s Chapter 11 proceedings under Part IV of the CCAA.
  • Smufit-Stone – Represented the CCAA Court-appointed Monitor in connection with the CCAA and Chapter 11 proceedings of Smurfit-Stone Canada, including with respect to its successful joint Chapter 11 and CCAA plan of compromise and arrangement.
  • Tervita Corporation – Acting for an ad hoc committee of bondholders in connection with Tervita’s US$3.6 billion restructuring pursuant to the CBCA and Chapter 15.
  • Eddie Bauer – Representing Eddie Bauer Canada in its joint CCAA and Chapter 11 proceedings, including with respect to the sale of Eddie Bauer to Golden Gate Capital.
  • Grand Slam of Curling – Acting for the senior secured creditor of the Grand Slam of Curling in connection with the enforcement of its security pursuant to the PPSA and the sale of the Grand Slam of Curling to Rogers Communications.

Chris’ practice has included appearing in numerous hearings before the Ontario Superior Court of Justice (Commercial List) and cross-border joint hearings between the Ontario and Delaware Courts, as well as involvement in various appeals to the Ontario Court of Appeal and Supreme Court of Canada.

Chris is an adjunct professor at the University of Western Ontario Law School where he has taught the advanced restructuring course since 2012. In 2016, he received the University Student Council Honour Roll Award for Teaching Excellence. He has also co-authored various papers including the “The Nortel Stalking Horse Sales: Maximizing Value via CCAA Flexibility”, published in the 2012 Journal of the Insolvency Institute of Canada and “Void Against Creditors – Remedies Available to Successful Challengers under the Fraudulent Conveyances Act”, presented at the 2016 Six-Minute Debtor-Creditor and Insolvency Lawyer seminar.

Chris is actively involved in Goodmans’ student recruitment and mentoring programs for summer students, articling students and associates. In 2014, Chris received the Ontario Provincial Police Commissioner’s Citation for Lifesaving and the St. John Ambulance Lifesaving Award.

Education Osgoode Hall Law School (LL.B., 2007)
Queen's University (BAH (Honours), 2004)
Professional Affiliations

The Law Society of Ontario
Canadian Bar Association
Ontario Bar Association

Year of Call

2008 Ontario