Chris Armstrong

Chris Armstrong

Partner at Goodmans LLP
(416) 849-6013
(416) 979-1234
333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 2008 (ON)
Partner. Practice focuses on financial restructuring and insolvency, work-outs and distressed M&A and refinancings. Regularly acts for companies, lenders, ad hoc committees, court-appointed officers, purchasers and other stakeholders in complex Canadian and cross-border restructurings. Has experience across a wide variety of sectors, including retail and consumer goods, real estate, natural resources, entertainment, cannabis, pharmaceuticals, construction, technology and automotive. Recent mandates include the restructurings of “The One” development, Contract Pharmaceuticals, Victoria Gold, LoyaltyOne (Air Miles), Cirque du Soleil, Love Child Organics, MJardin, Harte Gold, Toys “R” Us, Crystallex, Bumblebee/Clover Leaf Seafood, Nortel Networks, Bondfield Construction and DEL Equipment. Recognized in the areas of financial restructuring and insolvency by Chambers & Partners, IFLR1000, Best Lawyers in Canada, The Legal 500, The Canadian Legal Lexpert Directory, Lexology Index and Expert Guides. Honoured as one of Lexpert’s Rising Stars: Leading Lawyers Under 40 in 2017. Previous lecturer at the University of Western Ontario Law School. Member of the Insolvency Institute of Canada and World Law Group restructuring executive.
Chris Armstrong is a featured Leading Lawyer in:
Canadian Legal Lexpert Directory
Most Frequently Recommended
Chris Armstrong is also listed in the following publication(s)
Lexpert's Leading 500 Cross-Border Lawyers: A Guide to Doing Business in Canada
Special Edition Insolvency and Restructuring
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Deal marks the largest ever private credit deal in the United States
On May 31, 2018, an affiliate of Fairfax Financial Holdings Ltd. (Fairfax) acquired all of the share capital and business of Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (Toys Canada) for a purchase price of $300 million subject to certain working capital adjustments. The share transaction, which was completed in connection with Toys Canada’s emergence from restructuring proceedings under the Companies’ Creditors Arrangement Act (the CCAA) and Chapter 11 of the U.S. Bankruptcy Code, has enabled Toys Canada to continue as a going concern without compromising creditor claims and preserved Toys Canada’s position as Canada’s leading toy and baby retailer.
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.
On December 14, 2016, Tervita Corporation (“Tervita”), a leading environmental solutions provider, implemented its court-approved plan of arrangement under the Canada Business Corporations Act (the “Plan”).