SUMMARY

Business Rebound - Turnaround and Restructuring Options

DATE AIRED:6/18/2020

FORMAT:ON DEMAND

Duration:45 minutes


Restructuring in these difficult times is essential to help businesses stay afloat. Business owners and executives need to know all options to develop a restructuring and recovery plan that addresses all stakeholder needs. 

In this session, we discuss various restructuring options along with the benefits and pitfalls you need to be aware of including:

   Operational vs financial restructuring
   When to implement
   Options available


If you're already registered for the Business Rebound - Turnaround and Restructuring Options webcast, click below:

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Speakers

Jervis Rodrigues (Moderator)

Partner

BDO Canada LLP

Jervis is a Partner of BDO Canada LLP and a Senior Vice-President of BDO Limited. He specializes in restructuring, turnarounds and refinancing of underperforming businesses. Jervis has over 30 years of insolvency and restructuring related experience, over 20 of which were while he was a Partner with Deloitte’s Financial Advisory Practice. Jervis was also the Chief Financial Officer of British Columbia Lottery Corporation (BCLC), where he was largely focused on business optimization and enterprise transformation. His industry expertise covers high tech, manufacturing, consumer retail, tourism hospitality & leisure, agriculture, gaming and real estate. Jervis has served all of the big and medium-sized banks and has worked closely with many national and regional firms. He has consulted to many federal and provincial ministries and all major BC crowns. He is a qualified expert witness on forensic and insolvency matters in BC and Ontario courts.

Clark Lonergan

Partner

BDO Canada LLP

Clark is a Partner and Licensed Insolvency Trustee with BDO and he has led and managed a diverse range of local, national and international financial restructuring engagements in Canada and the United States. Clark has lead auto dealership restructurings across Canada for secured creditors and other stakeholder groups. Clark has acted as an advisor to debtors, secured creditors, and unsecured creditors with respect to businesses experiencing significant change and/or financial difficulties including ongoing monitoring, viability assessments, and recommendations on available alternatives. He has extensive experience in under-performing company, turn-around, and insolvency related engagements involving entities of all sizes.

Marc Kelly

Partner

BDO Canada LLP

Marc is a Partner / Senior Vice President at BDO Canada. Prior to joining BDO, Marc was a founding partner of Hardie & Kelly (“H&K”). He was also a Senior Vice President in the restructuring and insolvency group of one of the “Big Four” accounting firms in Calgary. Marc qualified as a Chartered Accountant in 1992 and has practiced exclusively in the insolvency field for over 27 years providing advice and assistance to businesses and individuals experiencing financial challenges. He earned the designation of Chartered Insolvency and Restructuring Professional and received his license as a Licensed Insolvency Trustee from the Government of Canada in 1997. Marc has provided insolvency related services throughout Canada and the United States involving many public and private companies on behalf of banks, financial institutions, shareholders, boards of directors and governments. He has undertaken numerous viability assessments and provided turnaround assistance to companies in a variety of industries including: vehicle leasing, manufacturing, high tech, oil and gas, oil field services, gas marketing, trucking, life insurance, service and retail industries. He also has extensive experience in receivership, bankruptcies, proposals under the Bankruptcy and Insolvency Act and plans of arrangement under the Companies’ Creditors Arrangement Act.
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