Peter J. Reardon 

Co-Chair, B.C., Restructuring and Insolvency
Vancouver  t: 604.691.7460  |  e: peter.reardon@mcmillan.ca

Peter J. Reardon

Vancouver
Royal Centre, Suite 1500
1055 West Georgia Street, PO Box 11117
Vancouver, British Columbia V6E 4N7

t: 604.691.7460
e: peter.reardon@mcmillan.ca

overview

Peter Reardon is a partner and the former Chair of the Litigation Group in the Vancouver office of McMillan. Peter specializes in insolvency law. He also has extensive experience in commercial matters, banking litigation, conflicts of law, administrative and constitutional law.

Peter has represented clients at all levels of courts including appellate litigation in the British Columbia Court of Appeal, the Federal Court of Canada, Appeal Division and the Supreme Court of Canada. He has also appeared in the Supreme Court of Yukon.

Representative Matters

Peter has represented receivers, trustees, secured creditors and debtors in a number of bankruptcies, receiverships and re-organizations. National brokerage firms in securities disputes, a national franchisor in franchise disputes, and landlords in lease disputes have also sought Peter's counsel.

Peter has acted for secured and unsecured creditors, debtors, creditor committees, court-appointed monitors, Debtor-In-Possession (DIP) Lenders, receivers, acquirers of assets in insolvency situations and other related parties in many insolvency proceedings in British Columbia. His work has also included representing multiple financial institutions and other secured lenders in debt realization proceedings, particularly in mortgage foreclosure proceedings and personal property security realization.

Specific examples of Peter's recent representative work on behalf of his clients include:

  • Acts for Great Basin Gold Ltd., the debtor company, in a Companies' Creditors Arrangement Act (CCAA) proceeding.
  • Acted for JP Morgan, the major lender and DIP Lender in the CCAA proceeding brought by Catalyst Paper.
  • Acts for major secured creditor in Companies' Creditors Arrangement Act (CCAA) proceeding relating to "The Rise" development in Vernon, B.C.
  • Acted for Clearly Canadian Beverage Corp. in successful restructuring under proposal provisions of Bankruptcy and Insolvency Act.
  • Acted for Deloitte & Touche Inc., monitor of Evergreen Gaming Corporation in CCAA proceeding
  •  Acted for Sphere Resources Inc. in successfully defending a bankruptcy petition in the Supreme Court Yukon.
  • Acted for debtor companies in CCAA proceedings by The Cascades Residence Inc. and by Cross Lake Minerals Ltd.
  • Acted for the Trustee of Unsecured Noteholders in re-organization of Ainsworth Lumber.
  • Acted for Teck Cominco Limited (Teck) when it completed the acquisition of Global Copper Corp. by way of a plan of arrangement for aggregate proceeds of approximately $415 million payable in cash and Class B subordinate voting shares of Teck.
  • Acted for Sierra Systems Group Inc. when acquired by Golden Gate Capital.
  • Acted for Glamis Gold in its Plan of Arrangement with Goldcorp Inc.
  • Acted for Inex Pharmaceuticals Corporation in successfully opposing two bankruptcy petitions and receiving approval of a Plan of Arrangement under the Business Corporations Act.
  • Acted for one of two secured creditors of New Skeena Forest Products in CCAA, receivership and bankruptcy proceeding.
  • Acted for secured creditor in Pine Valley Mining CCAA proceeding.

Presentations

Insolvency Law Subsection
The cost of CCAAP proceedings: Why am I paying your fees?
Banking Law Subsection
Insolvency Law Subsection
Insolvency Hot Topics
Canadian and US Bankruptcy Law - a Comparison
Problems and Pitfalls in Initial CCAA Orders
International Colloquium on Social Claims in Insolvency
Annual Review of Insolvency Law Conference

Publications

Assigning Contracts in Canadian Insolvency Proceedings

News

71 McMillan Lawyers Named in the 2020 Edition of Best Lawyers in Canada
60 McMillan Lawyers Recognized in the 2019 Canadian Legal Lexpert Directory
32 McMillan lawyers recognized in Who's Who Legal Canada 2018
65 McMillan Lawyers Named in the 2019 Edition of Best Lawyers in Canada
33 McMillan lawyers recognized in Who's Who Legal Canada 2017
Margaret McNee recognized as Mutual Funds Lawyer of the Year, along with 58 McMillan Lawyers in the 2018 Best Lawyers in Canada Report
61 McMillan lawyers recognized in The Best Lawyers in Canada 2017
60 McMillan lawyers recognized in the 10th Edition of The Best Lawyers in Canada
McMillan lawyers recognized in the 2015 Best Lawyers in Canada
49 McMillan lawyers recognized in the 2014 Best Lawyers in Canada
47 McMillan lawyers recognized in the 2013 Best Lawyers in Canada
Canadian Legal Lexpert Directory 2012 Recognizes 39 McMillan Leading Practitioners
50 McMillan Lawyers recognized in the 2012 Best Lawyers in Canada

Education

  • Dalhousie University, LLB - 1976
  • Saint Mary's University, BA and B.Comm. - 1973

Year Of Call

  • Called to the British Columbia bar - 1978

Practices

supreme court
administrative law
restructuring and insolvency

Directorships and Professional Associations

  • Insolvency Institute of Canada
  • Canadian Bar Association, Insolvency Subsection
  • Canadian Insolvency Foundation
  • Insolvency Discussion Group
  • International Association of Restructuring, Insolvency & Bankruptcy Professionals
  • Turnaround Management Association
  • Vancouver Bar Association (former executive)

Teaching Engagements

  • Training course of the Law Society of British Columbia
  • Lecturer: BC Branch of the CBA Insolvency Subsection
  • Lecturer: McMillan in-house seminar series (various)

Awards & Rankings

  • Named the Best Lawyers 2020 Insolvency and Financial Restructuring “Lawyer of the Year” in Vancouver
  • Recognized by Best Lawyers in Canada (2020) as a leading lawyer in the area of Insolvency & Financial Restructuring Law
  • Recognized in the 2019 Canadian Legal Lexpert Directory as a Consistently Recommended lawyer in the area of Insolvency & Financial Restructuring – Insolvency Litigation
  • Listed in The Best Lawyers in Canada 2009 - 2019 as a leader in Insolvency and Financial Restructuring Law
  • Listed in Who's Who Legal: Canada 2016 - 2018 as a leader in Insolvency and Restructuring
  • Awarded "Lawyer of the Year" by The Best Lawyers in Canada 2014 as a leader in Insolvency and Financial Restructuring
  • Listed in PLCWhich Lawyer? Yearbook 2009 as a recognized practitioner in Insolvency and Restructuring
  • Received a "BV" Peer Review Rating from Martindale-Hubbell
vcard

Peter Reardon is a partner and the former Chair of the Litigation Group in the Vancouver office of McMillan. Peter specializes in insolvency law. He also has extensive experience in commercial matters, banking litigation, conflicts of law, administrative and constitutional law.

Peter has represented clients at all levels of courts including appellate litigation in the British Columbia Court of Appeal, the Federal Court of Canada, Appeal Division and the Supreme Court of Canada. He has also appeared in the Supreme Court of Yukon.

Peter has represented receivers, trustees, secured creditors and debtors in a number of bankruptcies, receiverships and re-organizations. National brokerage firms in securities disputes, a national franchisor in franchise disputes, and landlords in lease disputes have also sought Peter's counsel.

Peter has acted for secured and unsecured creditors, debtors, creditor committees, court-appointed monitors, Debtor-In-Possession (DIP) Lenders, receivers, acquirers of assets in insolvency situations and other related parties in many insolvency proceedings in British Columbia. His work has also included representing multiple financial institutions and other secured lenders in debt realization proceedings, particularly in mortgage foreclosure proceedings and personal property security realization.

Specific examples of Peter's recent representative work on behalf of his clients include:

  • Acts for Great Basin Gold Ltd., the debtor company, in a Companies' Creditors Arrangement Act (CCAA) proceeding.
  • Acted for JP Morgan, the major lender and DIP Lender in the CCAA proceeding brought by Catalyst Paper.
  • Acts for major secured creditor in Companies' Creditors Arrangement Act (CCAA) proceeding relating to "The Rise" development in Vernon, B.C.
  • Acted for Clearly Canadian Beverage Corp. in successful restructuring under proposal provisions of Bankruptcy and Insolvency Act.
  • Acted for Deloitte & Touche Inc., monitor of Evergreen Gaming Corporation in CCAA proceeding
  •  Acted for Sphere Resources Inc. in successfully defending a bankruptcy petition in the Supreme Court Yukon.
  • Acted for debtor companies in CCAA proceedings by The Cascades Residence Inc. and by Cross Lake Minerals Ltd.
  • Acted for the Trustee of Unsecured Noteholders in re-organization of Ainsworth Lumber.
  • Acted for Teck Cominco Limited (Teck) when it completed the acquisition of Global Copper Corp. by way of a plan of arrangement for aggregate proceeds of approximately $415 million payable in cash and Class B subordinate voting shares of Teck.
  • Acted for Sierra Systems Group Inc. when acquired by Golden Gate Capital.
  • Acted for Glamis Gold in its Plan of Arrangement with Goldcorp Inc.
  • Acted for Inex Pharmaceuticals Corporation in successfully opposing two bankruptcy petitions and receiving approval of a Plan of Arrangement under the Business Corporations Act.
  • Acted for one of two secured creditors of New Skeena Forest Products in CCAA, receivership and bankruptcy proceeding.
  • Acted for secured creditor in Pine Valley Mining CCAA proceeding.
July 2014
Assigning Contracts in Canadian Insolvency Proceedings
Restructuring and Insolvency Bulletin
October 2013
Insolvency Law Subsection
Speaker, CBA – BC Branch
September 2013
The cost of CCAAP proceedings: Why am I paying your fees?
Speaker, Canadian Bar Association Pan-Canadian Insolvency Conference, Calgary, AB
November 2012
Banking Law Subsection
Speaker, CBA – BC Branch
October 2012
Insolvency Law Subsection
Speaker, CBA – BC Branch
October 2012
Insolvency Hot Topics
Speaker, Canadian Bar Association Pan-Canadian Insolvency Conference, Halifax, NS
November 2009
Canadian and US Bankruptcy Law - a Comparison
Canadian Bar Association Conference, Speaker, Los Angeles, CA
November 2008
Problems and Pitfalls in Initial CCAA Orders
Annual Commercial Insolvency and Restructuring Conference, Vancouver, BC
February 2008
International Colloquium on Social Claims in Insolvency
University of British Columbia Faculty of Law, Vancouver, BC
February 2006
Annual Review of Insolvency Law Conference
University of British Columbia Faculty of Law, Vancouver, BC