Fox Transaction Wins International M&A Advisor Award

April 29, 2016 – Press Releases

Fox Rothschild LLP is pleased to announce that a transaction handled by the firm’s bankruptcy attorneys has won the 2016 International M&A Advisor award for Cross Border Regional Deals of the Year, in the US – North America Deal of the Year category.

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 Annual International M&A Awards recognize the top international deals, dealmakers and firms conducting important transactions in the Americas, Europe, Asia, Middle East, Africa and Australia.

The awards gala, held at The New York Athletic Club on April 12, honored the leading deal teams, firms and professionals whose activities set the standard for cross border M&A transactions. This year, more than 250 companies, representing every major market in the world, became finalists for the awards.

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.

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