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Canada Guide
Firm Profile

Chaitons LLP

Firm Profile

Toronto

  • Profile
  • 5000 YONGE STREET
  • 10th FLOOR
  • Toronto
  • Ontario
  • Canada
  • M2N 7E9
  • Tel: (416) 222-8888
  • Fax: (416) 222-8402
  • Email: Contact Us

Firm profile submitted by Chaitons LLP

FIRM OVERVIEW: Based in Toronto, Canada, Chaitons LLP has a substantial lending and recovery practice that has been involved in a significant number of the largest restructuring and receivership proceedings in Canada including cross-border proceedings. Chaitons is also well-known for its litigation, finance/M&A and commercial real estate practices. Its clients range across a broad spectrum and include Canadian and foreign banks, capital corporations, private equity firms, asset-based lenders and distressed lenders. Chaitons LLP was formed in 1983, and has become a leader in providing quality service and effective solutions for its clients in workout, restructuring and enforcement proceedings, commercial litigation, and a broad range of financing transactions, including traditional corporate lending, asset-based financing, equity, structured finance, term lending, mezzanine financing and debtor-in-possession financing.

MAIN AREAS OF PRACTICE:  

Finance/M&A:
Chaitons’ Corporate Law Group provides a wide range of transaction-based corporate services to its clients, with an emphasis on financings, mergers and acquisitions and business arrangements. We represent lenders and investors across a full spectrum of financings including in respect of senior, subordinated and mezzanine financings, as well as asset-based, distress and debtor-in-possession lending.
Recent engagements include representing clients in respect of:
■ Acquisition of asset management group having assets under management in excess of $500 million;
■ Acquisition by a TSX-listed corporation of one of Canada’s pre-eminent mid-market lenders;
■ Acquisition and financing by a Canadian merchant bank of a leading Canadian manufacturer of machined products.
Contact: Philip Taylor Tel: +416 218 1125
Email: [email protected]


Insolvency/ Restructuring:
Recent engagements include representing:
■Indenture trustee in the Lightstream CCAA proceedings;
■ Senior secured lender and DIP lender in the Comstock CCAP proceedings;
■ Receiver in the cross-border Syncapse receivership proceedings including sale of business to a public company;
■ Purchaser of cross-border business and assets of iMarketing Solutions Group;
■ Monitor of New Solutions Financial Corporation, a distressed lender with over $220 million of secured debt;
■ Purchaser of assets in the Talon Systems group of companies insolvency proceedings;
■ Indenture trustee in the Hollinger CCAA proceeding;
■ Indenture trustee in the Catalyst Paper CCAA proceeding;
■ Indenture trustee in the NewPage CCAA proceeding;
■ Indenture trustee in the Sino Forest CCAA proceeding;
■ US Chapter 7 trustee in pension priority dispute in the Indalex CCAA proceeding, which was argued before the Supreme Court of Canada;
■ Purchaser of the Gorham Paper Mill from Fraser Papers in its CCAA and Ch. 11 proceedings;
■ Purchaser of assets in the NewPage CCAA proceeding;
■ CCAA Monitor of Gandi Innovation and related entities in their CCAA and Ch 15 proceedings and the sale of the business to Agfa;
■ Nexient, a leading Canadian provider of corporate and public training services, in its CCAA proceeding and the sale of the business to Global Knowledge;
■ Clothing for Modern Times, a national clothing retailer, in its restructuring under the CCAA
■ Several different stakeholders in the Nortel restructuring proceedings;
■ Court-appointed monitors, receivers and trustees in bankruptcy in numerous Canadian insolvency proceedings.
Contact: Harvey Chaiton Tel: +416 218 1129
Email: [email protected]

Litigation:
Chaitons’ broad commercial litigation practice includes expertise in matters related to insolvency, creditor enforcement of security, shareholder and partnership disputes, commercial disputes, contractual issues, real estate litigation and construction litigation.
Contact: Stephen Schwartz Tel: +416 218 1132
Email: [email protected]

Commercial Real Estate:
General commercial real estate practice with specialty in condominium development (including resort and fractional ownership), seniors housing development, leasing and, acquisitions and divestures of income producing properties
■ Acted in connection with the acquisition, leasing and sale of a $65 million commercial property
■ Acted in connection with the acquisition of multiple properties for nursing home developments pursuant to a provincial request for proposal
Contact: Robert A. Miller Tel: +416 218 1134
Email: [email protected]

Business Banking

Commercial Real Estate

Corporate / M&A

Insolvency & Restructuring

Litigation

Mortgage Enforcement