Bay Adelaide Centre - West Tower
333 Bay Street, Suite 3400
Toronto, ON M5H 2S7
Chris Armstrong is a partner in the Corporate Restructuring Group at Goodmans, which is consistently and widely recognized as Canada’s leading corporate restructuring practice.
His practice focuses on financial restructuring and insolvency, mergers and acquisitions and corporate law. He regularly acts for debtors, creditors, court-appointed officers, purchasers and other stakeholders in complex Canadian and cross-border restructurings.
He has experience across a wide variety of sectors, including technology, retail, construction, automotive, pharmaceuticals and natural resources.
Chris’ recent representative work includes:
- 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, the sale of Nortel Canada’s IPv4 addresses, 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 – Representing 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 Crystallex’s bondholders and Computershare Trust Company in its capacity as trustee in Crystallex’s ongoing CCAA proceedings and its efforts to enforce a US$1.3 billion ICSID award against the Republic of Venezuela for the benefit of stakeholders
- Clover Leaf Seafoods – Representing Brookfield Principal Credit LLC as the Term Loan Agent and DIP Term Loan Agent in Clover Leaf’s CCAA proceedings and the related Chapter 11 proceedings of Bumble Bee Seafoods
- Bondfield Construction and Forma-Con Construction – Representing the agent under Bondfield’s senior-secured credit facility in connection with Bondfield’s CCAA proceeding and the receivership of Forma-Con Construction
- Aralez Pharmaceuticals – Representing Nuvo Pharmaceuticals Inc. as the purchaser of Aralez’s Canadian business and certain U.S. assets for US$110 million in Aralez’s coordinated CCAA and Chapter 11 proceedings
- DEL Equipment – Representing DEL Equipment, Canada’s leading truck equipment up-fitter, in its CCAA proceedings
- Trump International Hotel Toronto – Representing the follow-on purchaser of the Trump International Hotel Toronto following the project being placed into receivership in 2016
- Horsehead Holding Corp. – Representing the CCAA information officer in the Canadian foreign recognition proceedings of Horsehead’s Chapter 11 proceedings under Part IV of the CCAA
- Grand Slam of Curling – Representing 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 has been recognized in the areas of financial restructuring and insolvency by Chambers and Partners, The Canadian Legal Lexpert Directory, Best Lawyers in Canada, Who’s Who Legal and Expert Guides. In 2017, he was also honoured as one of Lexpert’s Rising Stars: Leading Lawyers Under 40.
In 2014, Chris received the Ontario Provincial Police Commissioner’s Citation for Lifesaving and the St. John Ambulance Lifesaving Award.
Chris is a lecturer 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 the firm’s student recruitment and mentoring programs for summer students, articling students and associates.
|Education|| Osgoode Hall Law School (LL.B., 2007)
Queen's University (BAH, Honours, 2004)
The Law Society of Ontario
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