Fox Transaction Named Among Finalists for International M&A Awards

March 22, 2016 – Press Releases

Fox Rothschild LLP is pleased to announce that a transaction handled by the firm’s bankruptcy attorneys has been named a finalist in several categories for The M&A Advisor’s 8th Annual International M&A Advisor Awards.

Brett Axelrod led the team who worked on the purchase of Veris Gold USA Inc. assets by Whitebox Advisors LLC (WBOX 2014-1 Ltd.).

The transaction was nominated in the following categories:

  • Cross Border Sector Deal Of The Year
    • Energy Deal of the Year
  • Cross Border Regional Deals of the Year
    • US – North America Deal of the Year
  • Cross Border M&A Deal of the Year
    • Over $25mm – $50mm

These annual awards recognize the leading dealmakers, firms and transactions as selected by an independent panel of judges. The winners will be announced at a special awards gala on April 12th at the New York Athletic Club.

Previously, the team was honored with 2015 M&A Advisor Award for Real Estate Deal of the Year for their work on this transaction.

Deal Details

Brett Axelrod, partner in the firm, filed a Chapter 15 petition on behalf of Ernst & Young in its capacity as the foreign representative of the Veris Gold Group for recognition of the foreign proceeding under Canada’s Companies’ Creditors Arrangement Act before the Supreme Court of British Columbia in Vancouver. The foreign representative sought to preserve the status quo in order to ensure the debtors would have the opportunity to restructure their businesses for the benefit of all stakeholders as contemplated under the U.S. Bankruptcy Code and Canadian law. This goal was achieved through court supervised asset sales and active negotiations and cooperation with mining authorities having jurisdiction over environmental and safety issues.