Chris Ramsay is a partner of the firm and chair of the Insolvency & Restructuring Group. Chris acts for a wide range of stakeholders that are impacted by insolvency, including insolvent companies that require restructuring, creditors, bondholders, directors and officers and shareholders, and also advises insolvency professionals (including trustees, receivers and monitors).
Chris has extensive experience in restructuring corporate entities under the Companies' Creditors Arrangement Act ("CCAA") and the Bankruptcy and Insolvency Act ("BIA"), and has significant experience in cross-border insolvency proceedings, including Chapter 11 proceedings under the United States Bankruptcy Code. Chris has acted for a variety of stakeholders in distressed M&A transactions, including board of directors for both the target and acquiring entities, and creditors including bondholders under trust indentures. Chris also has considerable expertise in the context of multi-jurisdictional fraud matters, and has acted for financial institutions and other parties in the tracing and recovery of assets in Canada and foreign jurisdictions.
Chris has presented and published papers on various insolvency matters and is also a guest instructor at the Law Society of British Columbia's professional legal training program teaching the secured transaction component of the course. He has practised in British Columbia for 19 years but started his legal career as a Barrister-at-Law in London, England having been called to the Bar of England and Wales in 1990. He was called to the Bar of British Columbia in 1996.
His extensive experience includes acting as counsel or co-counsel:
- to insolvent mining companies in restructuring proceedings under both the CCAA and BIA, acting for receivers, monitors, boards of directors and creditors, and advising in the context of environmental contamination and other mining specific issues;
- in multi-jurisdictional recognition proceedings in Canada involving recognition of foreign insolvency proceedings and ancillary relief under the United States Bankruptcy Code and other foreign jurisdictions including Hong Kong;
- to an insolvent casino restructuring its operations in Canada and the United States under the CCAA and Chapter 11 in the United States;
- to ad hoc steering committees of note-holders in Plans of Arrangement under both the CCAA and business corporation legislation;
- to steering committees representing victims of fraud, and acting for creditors and trustees in bankruptcy in relation to Ponzi and other fraudulent schemes involving assets and creditors in multi-jurisdictions;
- to boards of directors on the eve of corporate insolvency in the context of liability and best business practices;
- to purchasers and lenders of distressed assets in receiverships, and debtor in possession restructurings involving DIP financing;
- to financial institutions and other persons who are the victims of fraud, advising on asset recovery in the context of challenging multi-jurisdictional cases;
- to stakeholders impacted by real estate insolvency, including receivers, debtor in possession CCAA proceedings and alternative priority financing; and
- to advising receivers, monitors and trustees in relation to real estate restructurings involving REDMA, trust and builders lien and all issues pertaining to distressed real estate.