Caroline Descours

Caroline Descours

Partner at Goodmans LLP
(416) 597-6275
(416) 979-1234
333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 2010 (ON)
Partner. Focuses on corporate restructuring and commercial insolvency matters, including Canadian and cross-border matters. Significant experience in corporate and insolvency restructurings, recapitalizations, acquisitions, financing transactions, and private equity and corporate matters. Advisor to companies, secured and unsecured debtholders, purchasers and Court officers, as well as boards of directors in respect of corporate and restructuring transactions and strategic alternatives. Company counsel in corporate restructurings and financing matters for Postmedia, Concordia International, Sherritt International and IAMGOLD; debtor counsel in insolvency restructurings for Nelson Education, Rubicon Minerals, Bellatrix Exploration and McEwan Enterprises; debtholder counsel in the restructurings of Sino-Forest, Mobilicity, Cash Store, Cineworld and Tacora Resources; and monitor counsel in the restructurings of Target Canada, FirstOnSite and MAV Beauty, among others. Recognized by Chambers Canada, Chambers Global, IFLR1000, The Legal 500 Canada, The Canadian Legal Lexpert Directory, Best Lawyers in Canada and Euromoney’s Guide to the World’s Leading Women in Business Law. Honoured as one of Lexpert’s Rising Stars: Leading Lawyers Under 40 in 2020 and as a Rising Star by IFLR1000.
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Bellatrix Exploration Ltd. completes its recapitalization transaction pursuant to a court-approved arrangement
On July 2, 2015, Data & Audio-Visual Enterprises Wireless Inc., operating as “Mobilicity”, was acquired by an affiliate of Rogers Communications Inc. in a transaction valued at $465 million. Mobilicity, a Canadian wireless telecommunications carrier, commenced creditor protection proceedings under the Companies’ Creditors Arrangement Act in September 2013. The transaction offered significant value to Mobilicity’s creditors and allowed Mobilicity to emerge from creditor protection as a going concern. The transaction ensures certainty of service for Mobilicity customers on the Rogers network and also results in Rogers gaining significant spectrum capacity in new markets which provides faster speeds and better quality for all Rogers customers. The transaction was subject to government and court approvals and was completed on July 2, 2015.