100 King St W, Suite 3400, 1 First Canadian Pl, PO Box 130, Toronto, ON
Year called to bar: 2009 (ON)
Sean Zweig is a leading restructuring and insolvency lawyer in Bennett Jones' Bankruptcy and Restructuring group in Toronto, with significant experience representing all types of stakeholders in Canadian and cross-border restructurings. He acts for insolvent corporations, creditors, bondholders, boards of directors, and court officers in a variety of domestic and cross-border matters under the Companies' Creditors Arrangement Act, the Canada Business Corporations Act, and the Bankruptcy and Insolvency Act. Sean has had a prominent role in many of Canada's major restructurings, and he is ranked/recognized as a leading lawyer in various publications, including Chambers, Lexpert®, Expert Guides, and Benchmark. Sean's recent public engagements include Pharmhouse (Debtor – CCAA); James Wagner (Debtor – CCAA); Source Energy (Bondholders – CBCA); Clover Leaf/Bumble Foods (Debtor – CCAA); Regus (Monitor – CCAA); Payless Shoes (Monitor – CCAA); Sears Canada (Board of Directors – CCAA); and Concordia (Bondholders – CBCA).
Concordia International Corp. (“Concordia” or the “Company”) (TSX: CXR), an international specialty pharmaceutical company focused on becoming a leader in European specialty, off-patent medicines, completed the recapitalization of approximately US$4 billion of secured and unsecured debt in September 2018 pursuant to a plan of arrangement (the “CBCA Plan”) under the Canada Business Corporations Act (“CBCA”).
On May 31, 2018, an affiliate of Fairfax Financial Holdings Ltd. (Fairfax) acquired all of the share capital and business of Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (Toys Canada) for a purchase price of $300 million subject to certain working capital adjustments. The share transaction, which was completed in connection with Toys Canada’s emergence from restructuring proceedings under the Companies’ Creditors Arrangement Act (the CCAA) and Chapter 11 of the U.S. Bankruptcy Code, has enabled Toys Canada to continue as a going concern without compromising creditor claims and preserved Toys Canada’s position as Canada’s leading toy and baby retailer.