40 King St W, Suite 2100, Scotia Plaza, Toronto, ON
Year called to bar: 1990
Michael Wunder is a partner in both the Lending and the Restructuring and Insolvency Groups at Cassels with over 30 years of lending/debt finance and debt restructuring experience whose financing practice is focused on domestic and cross-border lending transactions, acting for single lenders, syndicates, and borrowers. Michael regularly advises Canadian and foreign financial institutions and non-bank lenders including funds in secured and unsecured financings, acquisition financings, private equity transactions, asset based loan transactions, inter-creditor arrangements and the purchase and sale of loan positions. As a trusted advisor to his clients, Michael provides strategic counsel on structuring and documenting complex financing and debt restructuring transactions, and he is a Canadian practice leader in domestic and cross-border special situation loans, distressed debt, and debtor in possession financings. Michael is known as “go to user friendly” Canadian counsel for foreign lenders and law firms. A frequent lecturer in Canada and the US, Michael also acted for many years as the Chair of the Cross-Border Lending Sub-Committee of the American Bar Association's Commercial Finance Section.
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.