Craig Munro specializes in providing restructuring advice to financial institutions, debtor companies and shareholders. Mr. Munro has been a restructuring practitioner for more than 25 years. He has industry expertise in a variety of areas including real estate, mining, technology, manufacturing, forestry and transportation.
Mr. Munro’s major engagements include SEFC Properties Ltd., Tirecraft Group, Purewal Blueberry Farms Ltd., Pine Valley Mining Corporation, Jameson House Properties, Air Canada and Nortel. Mr. Munro also has international insolvency experience, having worked in Hong Kong for four years, primarily involved in the wind-up of a large investment bank. Industries that Mr. Munro has been involved in during his numerous receiverships, bankruptcies and consulting engagements include manufacturing, wholesale and retail distribution, computer software development and distribution, automotive dealerships and professional services.
In November 2010, SEFC Properties Ltd., the company that designed and constructed the former athlete’s village used during the 2010 Vancouver Winter Olympics, was placed into receivership by an order of the British Columbia Supreme Court. Mr. Munro provided oversight of all aspects of this project including its re-branding and marketing efforts, management of litigation issues, coordination of deficiency remediation work and reporting to the court and secured lender. In addition, Mr. Munro led the sales processes for the commercial strata units, which were sold using a stalking horse offer, and 119 units contained within three purpose built rental buildings.
Before that, Mr. Munro acted as the court-appointed Monitor of Pine Valley Mining Corporation (“Pine Valley”) pursuant to proceedings under the Companies’ Creditors Arrangement Act. Pine Valley owned and operated the Willow Creek Coal Mine, which produces pulverised coal injection and coking coal. The proceedings provided a platform for the orderly sale of Pine Valley, the proceeds of which were used to fund an approved proposal to its creditors.
During his time in Hong Kong, Mr. Munro was responsible for developing and implementing the strategy for the realisation process of the US$1.2 billion asset portfolio of Peregrine Fixed Income Limited, a Hong Kong based investment bank that was wound up pursuant to an order of the Hong Kong courts. This process involved the assessment and stratification of the investments held by the company and execution of various strategies to maximise recovery for the stakeholders.
Chartered Accountant (ON and BC) Chartered Insolvency and Restructuring Professional
Canadian Association of Insolvency and Restructuring Professionals (CAIRP)
Insolvency Institute of Canada
Turnaround Management Association (TMA), Global Board of Trustees
B.S., University of Toronto
T: +1 604 757 6108
M: +1 604 365 8953
701 West Georgia Street
Suite 1450, PO Box 10089
Vancouver, BC V7Y 1B6