199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1996 (BC); 1997 (ON)
Ashley Taylor is a partner in the Litigation & Dispute Resolution Group. A former Co-Head of the Restructuring & Insolvency Group, Ashley practices exclusively in the area of insolvency law and represents debtors, court-appointed officers, secured lenders and purchasers. He has frequently appeared in Commercial List matters before the Ontario Superior Court of Justice and the Ontario Court of Appeal, focusing on Companies’ Creditors Arrangement Act (CCAA) proceedings, court-appointed receiverships and bankruptcies. He currently serves on the Associates’ Committee in the Toronto office.
On November 30, 2018, Essar Steel Algoma Inc. (“ESAI”) concluded its comprehensive restructuring under the Companies’ Creditors Arrangement Act by way of the sale of substantially all of its assets to Algoma Steel Inc. (“ASI”).
Leading infrastructure and construction materials enterprise Armtec Infrastructure Inc. and its affiliates (Armtec) completed a going-concern sale of substantially all of its assets to Armtec LP, an affiliate of Brookfield Capital Partners Fund III L.P. (Brookfield), in exchange for a release from approximately $200 million in secured debt obligations owing to Brookfield. The transaction was completed pursuant to an asset sale under the <I>Companies’ Creditors Arrangement Act</I> (CCAA).