Quebecor World Inc. and its affiliated debtors and debtors-in-possession announced that they have successfully emerged from protection under the Companies’ Creditors Arrangement Act in Canada ("CCAA") and Chapter 11 of the US Bankruptcy Code. Montreal-based Quebecor is the second largest printing company in North America, printing catalogues, books and major magazine titles in 90 locations throughout North and South America. The reorganization and restructuring plans include the successful closing of $800 million exit financing facilities, making this one of the largest cross-border insolvency cases in 2009.

Latham & Watkins LLP is representing Royal Bank of Canada as agent for Quebecor (now to be known as World Color Press) in connection with the matter. The multi-office insolvency team was led by Chicago finance partners Donald Schwartz and Richard Levy. Advice was provided by Chicago partners Richard Levy, Peter Knight and Ronald Hanson, with associates Alice Burke and James Ktsanes, on bankruptcy litigation matters; Chicago partners Donald Schwartz and Chris Lueking, with associates Robert Drobnak and Shaun Hartley, on finance and corporate matters; Chicago partner Joe Kronsnoble and associate Carshae Dahl on tax; Chicago partner David Foster, counsel Kevin May and associates Catherine Dick and Jessica Lee on litigation; New York partners Barry Bryer and David Schwartzbaum on M&A; and Washington, D.C. partner Marc Williamson on antitrust matters.