Fasken’s insolvency and restructuring team advised Deloitte Restructuring in its capacity as court-appointed Monitor in the restructuring of Taiga Motors Corporation and its subsidiaries (“Taiga”) under the Companies’ Creditors Arrangement Act (“CCAA”). The CCAA proceedings culminated in the successful restructuring of Taiga via a reverse vesting order transaction pursuant to which the business was acquired by Stewart Wilkinson as a going-concern.
This strategic move allows Taiga to leverage enhanced resources and advanced technologies, accelerating the adoption of electric vehicles in the maritime and motorized sectors.
The acquisition allowed for the preservation of jobs and the continuation of Taiga’s operations.
A Fasken team composed of Brandon Farber, Alain Riendeau and Éliane Dupéré-Tremblay advised Deloitte Restructuring Inc. in connection with this sale.
