Case Study 2

The Client

Lenders to a national carrier.

Our role

R.e.l. staff acted as the clients’ advocate to advise, develop and implement strategy, manage the assets, negotiate with other stakeholders and manage complex litigation.


Developed and implemented a five part financial, operational and legal strategy that resulted in the clients recovering an amount approximating five times their original estimate.

  • Operated and managed complex assets including tax implications.
  • Negotiated with various parties, including distressed debt purchasers, guarantors and secured parties, as well as the debtor company and the monitor under the Companies’ Creditors Arrangement Act (CCAA).
  • Directed complex asset and credit support litigation under the credit agreement.