Jay A. Swartz
Jay A. Swartz
(416) 863-5520
(416) 863-0871
155 Wellington St W, Toronto, ON
Year called to bar: 1975 (ON)
Jay is recognized by clients and peers as one of the top insolvency lawyers in Canada. He has a diverse commercial practice, with particular emphasis on corporate restructuring, private company acquisitions, banking and debt financing, financial product development, structured finance, and private equity funds. He is lead counsel in many Canadian and cross-border insolvencies. Jay is experienced in the formation of private investment funds, regulation of banks and financial institutions, and corporate governance. He has helped develop asset-backed securities and derivative businesses in Canada. Jay is a Fellow of the Insolvency Institute of Canada and of the American College of Commercial Finance Lawyers. He received the OBA Murray Klein Award for Excellence in Insolvency Law in 2017. Select Recognition: The Best Lawyers in Canada’s Toronto Insolvency and Financial Restructuring Law Lawyer of the Year 2017 and Banking and Finance Law Lawyer of the Year 2015; Chambers Global; Chambers Canada; IFLR1000The Legal 500 Canada; Who’s Who Legal: Banking and Capital MarketsWho’s Who Legal: Canada.
Jay A. Swartz is a featured Leading Lawyer in:
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Canadian Legal Lexpert Directory
Consistently Recommended
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Repeatedly Recommended
Read more about Jay A. Swartz in ...
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.
Cline Mining Corporation (Cline), a publicly-traded Toronto-based mining and resources company, completed a recapitalization and refinancing transaction, which included the conversion of $110 million of secured debt into new common shares representing 100 per cent of the equity in Cline, the issuance of $55 million of new secured debt and the settlement of significant class action claims under The US Worker Adjustment and Retraining Notification Act (US Warn Act).
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).
On March 6, 2015, a landlord group led by Ivanhoé Cambridge Inc. and Oxford Properties Group completed a transaction involving the termination of leases at 11 properties that had previously been leased by Target Canada Co. (Target), owner and operator of shopping centers, and a unit of Target Corp., for $138 million.