Mass Tort Insolvencies: A Catalyst for Change in the Canadian Restructuring Landscape
By Andrew Adessky, Partner, Richter & Alexander Bayus, Partner, Fasken
Insolvency and restructuring proceedings under Canada’s Companies' Creditors Arrangement Act (CCAA) have come a long way over the last 20 or so years. There was a time when a company couldn’t hope to benefit from CCAA protection without a clear path to restructuring its business and settling its...
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Andrew Adessky is a partner in the Consulting division of Richter. With over 33 years in financial advisory, insolvency consulting, cross-border restructuring, crisis management, forensic investigations, and litigation support experience, he lends a controlled, methodical approach to each mandate. Having led a number of important cases, serving as licensed insolvency trustee, receiver, and consultant and representing diverse constituents, Adessky is much sought after in bankruptcy and insolvency restructuring scenarios, as well as for financial reorganization and workouts.
Alexander Bayus is a partner in Fasken’s Litigation and Dispute Resolution group. Specializing in insolvency and financial restructuring, he regularly advises companies, licensed insolvency trustees, financial institutions, and other stakeholders in complex national and international financial restructuring, commercial litigation, and insolvency matters. He is recognized by Best Lawyers in Canada and Canadian Legal Lexpert in insolvency and financial restructuring. Bayus is also president of S. Au.S., a nonprofit which provides programs for individuals and families living with severe autism spectrum disorder.
