Bankruptcy and Restructuring

Cross-Border Insolvencies

Experience

A.B.C. Learning Centres Limited

Young Conaway acted as counsel, with Chadbourne & Parke LLP, to the liquidators and foreign representatives of A.B.C. Learning Centres Limited and certain of its affiliates in their Chapter 15 proceeding . The Debtors operated childcare centers in Australia and elsewhere, including the United Kingdom, the United States of America and New Zealand.

In re NewSat Limited, et al.

Young Conaway acted as co-counsel, with Allen & Overy LLP, to the administrators of NewSat Limited and several related entities under Australian Insolvency Law in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtors are Australia’s largest pure-play satellite communications company, with teleports and satellites delivering internet, voice, data, and video communications coverage to 75% of the globe, including Australia, Asia, the Middle East, Africa, Europe, and the United States.

In re Abitibi-Consolidated Inc., et al.

Young Conaway acted as co-counsel, with Paul, Weiss, Rifkind, Wharton & Garrison LLP, to Abitibi-Consolidated Inc. in its capacity as the foreign representative for Abitibi-Consolidated Inc. and Abitibi-Consolidated Company of Canada, under Canada’s Companies’ Creditors Arrangement Act in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtors are one of the world’s largest publicly traded paper- and forest-product companies. The debtors produce a wide range of newsprint and commercial printing papers, market pulp, and wood products.

Angiotech Pharmaceuticals, Inc.

Young Conaway acted as co-counsel, with Willkie Farr & Gallagher LLP, to Angiotech Pharmaceuticals, Inc. and certain of its affiliates, in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtors are a specialty pharmaceutical and medical device company that develops, manufacturers and markets innovative technologies with acute and surgical applications.

In re Arctic Glacier International Inc., et al.

Young Conaway acted as co-counsel, with Wilkie Farr & Gallagher LLP, to Alvarez & Marsal Canada Inc. in its capacity as the monitor and foreign representative of Arctic Glacier International and certain of its affiliates under Canada’s Companies’ Creditors Arrangement Act in their chapter 15 proceeding.  The debtors are part of a consolidated North American business that manufactures and distributes premium quality packaged ice products in Canada and the United States from thirty-nine production plants and forty-seven distribution facilities across six provinces in Canada and twenty-three states in the United States.

In re ARXX Corporation, et al.

Young Conaway acted as counsel to Duff & Phelps Canada Restructuring Inc. in its capacity as the court-appointed receiver and foreign representative of the ARXX Corporation and certain affiliated entities under Canada’s Bankruptcy and Insolvency Act in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtors are in the business of designing and marketing ICF building products. ICF, or Insulating Concrete Forms, is a green, energy efficient technology used in residential and commercial construction.

In re Catalyst Paper Corporation, et al.

Young Conaway acted as co-counsel, with Sidley Austin LLP, to Catalyst Paper Corporation in its capacity as the foreign representative of itself and certain of its affiliates under the Canada Business Corporations Act in their chapter 15 proceeding.  The debtors are a consolidated business enterprise comprising various manufacturing, sales, and distribution facilities with offices in Canada and the United States and are the largest producer of mechanical printing papers in Western North America and the largest producer of coated groundwood paper in North America.

Cinram International, Inc.

Young Conaway served as co-counsel, with Shearman & Sterliing LLP, to Cinram International ULC, in its capacity as the authorized Foreign Representative for Cinram International Inc. and certain of its affiliates in a proceeding commenced under Canada's Companies' Creditors Arrangement Act and pending before the Ontario Superior Court of Justice.

Crystallex International Corporation

Young Conaway acted as co-counsel, with Willkie Farr & Gallagher LLP, to Crystallex International Corporation in its Chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The Debtor historically developed and operated gold mines in Venezuela and elsewhere in South America.

In re EarthRenew IP Holdings LLC, et al.

Young Conaway acted as counsel to RSM Richter Inc., in its capacity as the court-appointed receiver and foreign representative for EarthRenew IP Holdings LLC and the affiliated debtors under Canada’s Bankruptcy and Insolvency Act in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtors are a leading manufacturer of organic matter fertilizer due to cost effective, patented solutions.

Grant Forest Products, Inc.

Young Conaway acted as co-counsel with Debevoise & Plimpton LLP for Grant Forest Products, Inc. and its affiliated debtors. Prior to the petition date, the Debtors were a leading manufacturer of oriented strand board and owned four mills used to produce this product and other wood products.

EarthRenew IP Holdings LLC

Young Conaway acted as counsel for RSM Richter Inc., in its capacity as the court-appointed Receiver and Foreign Representative of EarthRenew Corporation and certain of its affiliates in Canadian receivership proceedings commenced under the Bankruptcy and Insolvency Act (Canada), R.S.C. 1985, c. B-3, as amended, pending before the Court of Queen's Bench of Alberta in the Judicial District of Calgary.

In re LDK Solar Co. Ltd.

Young Conaway acted as co-counsel, with Sidley Austin LLP, to the joint provisional liquidators and authorized foreign representatives of LDK Solar Co. Ltd. and certain affiliated entities under Part V of the Cayman Islands Companies Law in their chapter 15 proceeding. The debtors manufacture and sell a variety of photovoltaic products used in the production of solar-generated electrical power. Specifically, the debtors produce polysilicon, mono- and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions, which, in turn, facilitate production of solar panels.

In re Madison Niche Assets Fund, Ltd., et al.

Young Conaway acted as co-counsel, with Holland & Knight LLP, to the Joint Official Liquidators of Madison Niche Assets Fund, Ltd. and Madison Niche Opportunities Fund, Ltd. under the Cayman Islands Companies Law in their chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtors are a collection of funds holding shares in special purpose vehicles set-up to own and operate specific assets into which the Funds’ participating shareholders are ultimately invested.

In re Takata Corporation, et al.

Young Conaway is co-counsel, with Baker & McKenzie LLP and Nagashima Ohno & Tsunematsu, to the foreign representative of Takata Corporation and its affiliates, as debtors under the Civil Rehabilitation Act of Japan, in chapter 15 proceedings in the United States Bankruptcy Court for the District of Delaware. The Takata entities are one of the world’s leading automotive safety systems companies, supplying nearly all of the world’s major automotive manufacturers with a product range that includes seat belts and airbag systems, as well as steering wheels, child restraint systems, and electronic devices such as satellite sensors and electronic control units. The chapter 15 proceedings are part of a global restructuring of the Takata entities’ businesses.

Nortel Networks UK Limited

Young Conaway serves as counsel for Alan Robert Bloom, Christopher Johon Wilkinson Hill, Alan Michael Hudson and Steven John Harris, in their capacity as joint administrators and foreign representatives of Nortel Networks UK Limited in proceedings under the Insolvency Act 1986, pending before the High Court of Justice of England and Wales.

In re Metinvest B.V.

Young Conaway acted as co-counsel, with Allen & Overy LLP, to the foreign representative of Metinvest B.V. under the English Companies Act 2006 in its chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtor and its subsidiaries are, collectively, the largest vertically integrated mining and steel business in Ukraine, operating assets in each stage of the production chain from iron ore mining and processing, coking coal mining and coke production, through to semi-finished and finished steel production, pipe rolling and coil production and manufacturing other value-added products. The reorganization took two years and involved $2.3 billion in debt and, for its role in the Metinvest chapter 15 proceeding, Young Conaway was nominated for a Global Restructuring Review Award, specifically for "Innovation in Cross-border Insolvency and Restructuring."

In re Altos Hornos de México, S.A.B. de C.V.

Young Conaway acted as counsel to the duly-appointed foreign representative of Altos Hornos de México under Mexico’s Bankruptcy and Suspension of Payments Law in its chapter 15 proceeding in the United States Bankruptcy Court for the District of Delaware. The debtor is one of the largest integrated steel producers in Mexico and is engaged in the manufacture and distribution of steel and steam coal products. The debtor’s products are used primarily in the construction, manufacturing, petroleum, automotive, packaging, and home appliance industries.