79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 1995 (ON)
Scott advises clients in all aspects of corporate restructuring and insolvency, including court proceedings under the Companies’ Creditors Arrangement Act and the Bankruptcy and Insolvency Act, plans of arrangement under the Canada Business Corporations Act, sales proceedings, debtor-in-possession/interim financing loans, and receiverships, as well as out-of-court transactions involving negotiated workouts, recapitalizations, debt exchanges, re-financings, distressed investments and acquisitions. Scott’s broad experience spans a range of sectors and industries, including real estate, construction and life sciences.
Nortel Networks Corporation (Nortel Canada) is the Canadian parent company of what was one of the largest telecommunications businesses in the world. In early 2009, formal insolvency proceedings were commenced in Canada, the United States and England, among other places. Nortel’s worldwide business was liquidated through a number of Court-approved sales of its business units and a US$4.5-billion sale of its residual patents, resulting in US$7.3 billion of global sale proceeds to be allocated amongst the Nortel debtor companies in Canada, the United States and Europe.
