Mark Laugesen

PartnerBennett Jones LLPInsolvency & Restructuring; Litigation and Dispute Resolution

Mark Laugesen is a partner in the Bankruptcy and Restructuring Group at Bennett Jones' Toronto office. Mark has experience in all types of domestic and cross-border commercial restructuring and insolvency matters and is regularly retained to act for restructuring debtor companies, secured and unsecured creditors, bankruptcy trustees, private and court-appointed receivers, CCAA monitors, proposal trustees, and other clients.

Mark Laugesen has experience in all types of domestic and cross-border commercial restructuring and insolvency matters and is regularly retained to act for restructuring debtor companies, secured and unsecured creditors, bankruptcy trustees, private and court-appointed receivers, CCAA monitors, proposal trustees, and other clients.

 

In addition to his restructuring and security enforcement work, Mark's practice also includes informal work-outs among creditor and debtor groups, asset acquisitions from companies in financial distress or active insolvency proceedings, landlord and tenant matters in insolvencies, asset protection, fraudulent preference and conveyance matters, director and officer liability matters in insolvencies, and the negotiation and resolution of all manner of restructuring and insolvency disputes. He regularly appears before Ontario courts in restructuring, security enforcement, and related proceedings.

 

Mark represents a wide range of clients exposed to commercial insolvency matters, including institutional secured creditors (e.g. major Canadian and U.S. banks), court officers, public and private corporations, landlords, and unsecured creditors.

 

In addition to his practice, Mark writes on numerous bankruptcy and restructuring topics and has led and participated in seminars and panel discussions on issues including recovery strategies for secured and unsecured creditors, lender liability, landlord remedies in insolvency, forbearance strategies, alternatives to DIP financing, and insolvency reform.

 

Mark is a member of INSOL International (the International Association of Restructuring, Insolvency & Bankruptcy Professionals), the Turnaround Management Association, the Canadian Insolvency Foundation, the Canadian Bar Association and the Ontario Bar Association (Insolvency Law Section).

 

Education

  • University of Western Ontario (LL.B.), 1990
  • University of Western Ontario (B.A.), 1987

Bar Admission

  • Ontario, 1992

Experience

  • The Bargain Shops - counsel to first lien creditor in CCAA restructuring of national 230 store retail chain.
  • HMV Canada - counsel to first lien lender in refinancing of HMV's Canadian retail operations
  • Ottawa Senators - Canadian counsel to second lien lender in $150 million takeout financing of Ottawa Senators.
  • Blockbuster Canada - counsel to Wind Mobile in receivership proceedings of Blockbuster.
  • Graceway Pharmaceuticals - Canadian counsel to stalking horse bidder in US$ 275 million bid to acquire assets of Graceway in U.S. / Canada cross border insolvency proceedings.
  • Automated Fulfillment Systems - counsel to bankruptcy trustee of AFS in asset sale of major Canadian fulfillment company.
  • Great Basin Gold - counsel to bidders in acquisition of various Nevada and South African gold mine assets in context of CCAA and Chapter 11 restructuring proceedings.
  • New Solutions Financial Group - counsel to largest first lien creditor in CCAA restructuring proceedings for $233 million indebtedness of New Solutions Financial group of companies.
  • Acuity Solutions Group Inc. (2011) - counsel to Grant Thornton Inc., court appointed receiver, in the liquidation of the assets of Acuity.

Awards & Honours

  • LexisNexis Martindale-Hubbell, received a BV Distinguished Peer Review Rating., 2009