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Alain Riendeau, Partner | Insolvency & Restructuring

Alain Riendeau

Partner Fasken
Jurisdiction Québec, 1986
Language(s) French, English
Office(s) Montréal
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Overview

Alain Riendeau is a partner of the Commercial Litigation section and member of the Insolvency & Restructuring group. He practices in the fields of civil and commercial litigation, with a focus on insolvency and corporate restructuring. Alain has been involved in many complex financial disputes and in most of the large restructurings that have taken place in Québec over the last three decades, including more recently acting for:

  • PricewaterhouseCoopers Inc. as court-appointed Monitor in the CCAA proceedings of Groupe Sélection Inc. et al.;
  • Insolvency Institute of Canada in its intervention before the Quebec Court of Appeal in the Chronométriq insolvency proceedings;
  • PricewaterhouseCoopers Inc. as court-appointed Monitor in the CCAA proceedings of Monarch Mining Inc. et al.;
  • Raymond Chabot Inc. as court-appointed Monitor in the CCAA proceedings of Tergeo Critical Minerals et al.;
  • Caisse de dépôt et placement and CDPQ Ressources in the CCAA proceedings of Stornoway Diamonds (Canada) Inc.;
  • PricewaterhouseCoopers Inc. as court-appointed Monitor in the CCAA proceedings of Perativ General Partnership et al.;
  • Deloitte Restructuring Inc. as court-appointed Monitor in the CCAA proceedings of BlackRock Metals Inc. et al;
  • North American Lithium Inc. in its restructuring under the CCAA;
  • Rebuts Solides Canadiens Inc. et al. in their restructuring under the CCAA;
  • Transcontinental Inc. in its acquisition of the assets of Enviroplast Inc. in the context of receivership proceedings;
  • Exfo Inc. in its privatization pursuant to a plan of arrangement under s. 192 of the CBCA;
  • Transat A.T. Inc. in its attempted acquisition by Air Canada pursuant to a plan of arrangement under s. 192 of the CBCA;
  • Lumenpulse Inc. in its privatisation pursuant to a plan of arrangement under s. 192 of the CBCA;
  • Canam Group Inc. in its privatisation pursuant to a plan of arrangement under s. 192 of the CBCA;
  • Orbite Technologies Inc. in its restructuring under the CCAA;
  • Les Grands Travaux Soter Inc. in its restructuring under the CCAA;
  • Canadian Pacific Railway in the Montreal, Maine & Atlantic Canada Co.’s CCAA proceeding in connection with the derailment in the town Lac-Mégantic;
  • Ernst & Young Inc. in its capacity as court-appointed Liquidator in the CBCA liquidation proceedings of Penson Financial Services Canada Inc., a registered clearing broker, which at one time held approximately $10 billion of client assets;
  • Certain creditors in the Bloom Lake CCAA proceedings;
  • Goldcorp Inc. in its non-solicited take-over bid for Osisko Mining Corporation;
  • Fibrek Inc. in defence of AbitibiBowater’s non-solicited take-over bid;
  • A major Québec corporation in a dispute with its franchisees.

Alain frequently pleads before both trial and appeal courts.

Consistently named to the list of "Best Lawyers in Canada" for insolvency and restructuring.

Ranked by the Canadian Legal Lexpert guide as one of the most frequently recommended lawyers in insolvency and financial restructuring.

Achievements

Client Work

  • Noranda Income Fund completes going-private transaction with Glencore Canada Corporation, [Deal - Noranda Income Fund], Noranda Income Fund completes going-private transaction with Glencore Canada Corporation.
  • EXFO completes a going-private transaction, [Deal - EXFO Inc.], A corporation controlled by Germain Lamonde acquired all the issued and outstanding subordinate voting shares of EXFO, other than the shares held by Germain Lamonde and Philippe Morin ( the “Excluded Shares”).
  • North American Lithium Inc. successfully completes restructuring under the Companies’ Creditors Arrangement Act, [Case - North American Lithium Inc.], North American Lithium has successfully completed its restructuring under the CCAA pursuant to a reverse-vesting order type transaction structure.
  • Votorantim Cimentos and McInnis Cement to Combine Cement Operations in North America, [Deal - Caisse de dépôt et placement du Québec], St. Marys Cement Inc. (Canada), a wholly owned subsidiary of Votorantim Cimentos, and McInnis Cement Inc. agreed to combine their assets to create a combined an entity to manufacture, distribute and sell cement in Canada and the United States. The joint venture will be owned by Votorantim Cimento...
  • Intact Insurance, Bélair Direct And Industrial Alliance In A Class Action Instituted Against Car Insurers Across Quebec, [Case - Intact Insurance, Belair Direct and Industrial Alliance], Our team is acting for Québec’s largest car insurers (Intact and Bélair) in the context of a class action instituted against car insurers across the province. The Application to authorize the class action seeks damages related to the alleged fact that (i) insurance companies raise premiums with r...
  • Groupe TVA is claiming over $4.1 million from Juste pour rire for loss of value of broadcast rights, [Case - Groupe TVA], Groupe TVA instituted proceedings claiming over $4.1 million dollars from Juste pour rire after the broadcast rights it had acquired became unusable following a sexual misconduct scandal involving its founder and CEO, Gilbert Rozon. TVA is claiming $4,095,768, the equivalent of the value of the u...
  • Stornoway Diamond applies for C$946 million CCAA filing, [Case - Caisse de dépôt et placement du Québec], On September  9, 2019, Stornoway Diamond Corporation (the “Corporation” or “Stornoway”) announced that the Corporation and its subsidiaries Stornoway Diamonds (Canada) Inc. (“SDCI”), Ashton Mining of Canada Inc. (“Ashton”), and FCDC Sales and Marketing Inc. (“FCDC” and collectively, the “SWY Part...
  • Acted for Les Grands Travaux Soter in connection with proceedings under the Companies’ Creditors Arrangements Act, [Case - Les Grands Travaux Soter Inc.], Between 2015 and 2018, we acted for Les Grands Travaux Soter Inc. in connection with proceedings under the Companies’ Creditors Arrangements Act (CCAA) relating to the liquidation of all assets of the company, the termination of projects underway, and the implementation of an arrangement plan tha...
  • Québecor is seeking a permanent injunction against Juste pour rire in the Superior Court of Québec, [Case - Québecor Média inc.], Fasken represented Québecor Média, a media empire based in Quebec, in complex commercial and contract litigation in connection with the process for the sale of Juste pour rire/Just for laughs, an entertainment company centred on Montréal’s Juste pour rire festival, the most well-known humour fest...

Career & Education

Education

  • LLB University Sherbrooke

Memberships & Affiliations

  • Member of the Barreau du Québec
  • Member of the Bar of Montréal
  • Member of the Canadian Bar Association
  • Member of the Insolvency Institute of Canada

Knowledge

  • “One True Rule” Reigns Again in Public M&A: Court of Appeal Awards Dissenting Shareholders Significant Premium, 3/5/2024
  • Fasken 2023 Insolvency Insights, 1/31/2024
  • The Court of Appeal of Québec Renders an Important Decision in Insolvency Matters in Canada, 10/24/2023

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