Guardian Financial Corp. is a part of the Regus Group, a multinational corporation which leases a network of on-demand office and co-working spaces in over 3,300 locations across more than 110 countries.
Due to the Covid-19 pandemic and a challenging environment for landlords, certain affiliates of Regus commenced restructuring proceedings under the US Code. Several restructuring proceedings were commenced in Canada regarding the Regus Group. In that regard, KSV was appointed as the Information Officer, CCAA Monitor and Proposal Trustee in these proceedings, which involve virtually every landlord in Canada. KSV is assisting Regus and its advisors to develop a plan to restructure the global business of Regus and its affiliates.