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Goodmans Directory

Chris Armstrong

Partner

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, 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, lenders, ad hoc committees, 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, natural resources and commodities, entertainment, construction, automotive and pharmaceuticals.

REPRESENTATIVE WORK

Chris’ recent representative work includes:

  • Cirque du Soleil – Representing an ad hoc committee of lenders in Cirque du Soleil’s coordinated CCAA and Chapter 15 proceedings, including in respect of their successful $1.2 billion credit bid to acquire the company and related refinancing
  • Clover Leaf/Bumble Bee 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
  • Skillsoft Corporation – Representing Skillsoft’s first lien lenders in connection with the company’s Chapter 11 plan of reorganization and related CCAA recognition proceedings
  • Nortel Networks – Representing the Canadian court-appointed “super monitor” in 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 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 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
  • 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, including the successful sale of its business
  • 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

RECOGNITION

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. He is a member of the Insolvency Institute of Canada. In 2014, Chris received the Ontario Provincial Police Commissioner’s Citation for Lifesaving and the St. John Ambulance Lifesaving Award.

PROFESSIONAL INVOLVEMENT

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)
Professional Affiliations

The Law Society of Ontario
Insolvency Institute of Canada
Turnaround Management Association

Year of Call

2008 Ontario