Jennifer Stam is a restructuring and insolvency lawyer. Her practice focuses on commercial insolvency, corporate restructuring, corporate law, bankruptcy and financial services. Jennifer offers a broad range of services including in- and out-of-court restructurings, acquisitions, commercial financing transactions and enforcement matters. She has acted as counsel for debtors, secured and unsecured lenders, purchasers and court officers in several complex national and international matters. Jennifer regularly publishes, teaches and speaks in this area of law. She is the 2020 president of the Toronto chapter of the Turnaround Management Association and an active member of the Insolvency Institute of Canada.
Nortel Networks Corporation (Nortel Canada) is the Canadian parent company of what was one of the largest telecommunications businesses in the world. In early 2009, formal insolvency proceedings were commenced in Canada, the United States and England, among other places. Nortel’s worldwide business was liquidated through a number of Court-approved sales of its business units and a US$4.5-billion sale of its residual patents, resulting in US$7.3 billion of global sale proceeds to be allocated amongst the Nortel debtor companies in Canada, the United States and Europe.
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).