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Ontario Judge Approves Plan to Restructure $32 Billion in Debt
An Ontario judge has approved a plan to restructure $32 billion in assets that have been frozen since last August, a major step in what has been Canada's largest debt restructuring. Canada's market involving nonbank asset-backed commercial paper froze last August after news of defaults on subprime mortgages in the United States. Investors became concerned their assets would be affected by the U.S. crisis and stopped buying ABCP.S&C, Freshfields Take Lead Roles on CGI's $2.6 Billion Logica Deal
Norton Rose and Slaughter and May also landed roles on a deal that finds Canada's CGI Group Inc. agreeing to purchase U.K. IT and management consultancy Logica.Trending Stories
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