Insights

A person holding a smartphone with a landscape background

Tokyo Smoke

Tokyo Smoke is one of Canada’s leading cannabis retailers, operating a national network of corporate and franchise locations. As the cannabis retail market became increasingly saturated, the company faced mounting operational pressure tied to rapid expansion, an expensive lease portfolio, and underperforming locations.

Read More >

QM Environmental

The restructuring required balancing the interests of secured lenders, bonding companies, project stakeholders, and a large creditor body, while preserving active projects, workforce retention, and enterprise value.

Read More >

Case Studies

JMX Group

As holdbacks and progress payments became trapped, the company’s cash flow deteriorated, placing pressure on operations, workforce retention, and lender relationships. The resulting default with its senior lender created an immediate threat of insolvency…

Read More >

Featured Insights

Featured
One, Not Done

Ontario Court Confirms Jurisdiction to Re-Appoint Receiver and Brings Certainty to Limitation Period for Mortgage Enforcement

Read more →
No early exit under section 17

The Court of Appeal emphasized that section 17 is not a pre-maturity escape hatch that lets a borrower eliminate future interest through default.

Read more →
When in doubt, file.

Debtors should take note of a sea change in the Court’s treatment of insolvent companies and their willingness to protect operating businesses.

Read more →
Reconstruct LLP achieves a win for Tokyo Smoke

The Ontario Superior Court (Commercial List) has weighed in on the perennial issue of whether a guarantee claim can be stayed under the CCAA.

Read more →

Legal teams tailored to your challenge

Corporate restructuring, insolvency, litigation and business law.
We specialize in all of the above.

White downward arrow pointing down.

Litigation

RECON handles complex commercial litigation. Our team tailors its strategies and utilizes the arsenal of litigator’s tools at its disposal, to move towards quick, cost-effective resolutions on behalf of every client.

Restructuring

Our lawyers work on complex restructurings in North America as well as on intricate corporate turnarounds. We aim to navigate our clients through troubled waters to emerge resilient and competitive.

Advisory

Strategic legal counsel where business, governance, and risk intersect. We advise companies, boards, private equity firms, lenders, and special committees on the transactions, restructurings, and critical events that shape the future of an organization.