Restructuring/Insolvency
Global Guide 2024 : Canada
Band 3
Email address
[email protected]Contact number
+1 416 366 8381About
Provided by Fasken
Financial crises involve many stakeholders and moving parts. A legal team that knows the landscape and can guide you through as effectively as possible is crucial.
Whether we’re helping clients restructure debt or operations, sell assets or address future risks, we keep the lines of communication open and bring creativity to problem solving.
Our lawyers have been involved in all types of restructuring and insolvency proceedings in Canada and have extensive experience in cross-border restructurings, including under Chapter 11 and Chapter 15 of the United States Bankruptcy Code. We have comparable expertise throughout the U.K. and Africa.
Our clients include debtors, lenders and accounting and advisory firms acting as court-appointed monitors, receivers and information officers in insolvency proceedings. We also regularly advise purchasers, investors, lenders and others in transactions with insolvent debtors.
Appropriate solutions could range from informal workouts and restructurings to more formal proceedings under the Companies’ Creditors Arrangement Act, Canada Business Corporations Act, Bankruptcy and Insolvency Act or Winding-Up and Restructuring Act.
Where matters become contentious, our team is ready to litigate. We are regularly involved in leading court cases and have appeared on many of the most cited cases in Canadian insolvency law.
Chambers Review
Fasken has a highly regarded national team with substantial experience of mining and retail insolvency. The firm is also active on matters in the construction sector, advising a wide range of clients including lenders and debtors on complex debt recovery proceedings, liquidations, receiverships and informal workouts. It often acts for distressed companies during CCAA proceedings. Fasken is particularly well known for its strengths in Vancouver and Montréal, and leverages the firm's international platform to advise on mandates involving European and African components.
Work Highlights
- Fasken continued to act for Voyager Digital as its Canadian counsel in connection with the recognition of its Chapter 11 proceedings under the CCAA.
Strengths
Provided by Chambers
"Fasken are always up to date with pertinent information. They are very thorough lawyers and no issue is too complex for them to handle."
"They have the roster to address complex files."
"The entire Fasken team are very practical. They have technical expertise and provide pragmatic advice that fits the situation."
"Fasken are always up to date with pertinent information. They are very thorough lawyers and no issue is too complex for them to handle."
"They have the roster to address complex files."
"The entire Fasken team are very practical. They have technical expertise and provide pragmatic advice that fits the situation."
Notable Practitioners
Alain Riendeau has notable experience advising insolvent companies as well as monitors and creditors under CCAA and CBCA restructuring proceedings. He is based in Montréal.
"Alain has great experience and a solid business sense."
Kibben Jackson possesses exceptional insolvency experience across a range of industries, including mining and real estate. He is based in Vancouver.
"Kibben comes up with practical solutions."
"He is a very effective communicator and litigator."
Stuart Brotman heads the insolvency and restructuring practice at Fasken. He is consistently active on significant, high-value matters, with his work including major restructuring and insolvency mandates in mining, logistics and retail. He has experience representing lenders, receivers and information officers, among other clients. He is based in Toronto.
"Stuart is an excellent lawyer - he is practical and technically sound."
"Stuart is an outstanding lawyer, especially in the field of insolvency law."
Luc Béliveau advises clients on a range of high-value CCAA and receivership proceedings from his base in Montréal.
"Luc is a good lawyer with a good business mind as well."
Aubrey Kauffman is based in Toronto. He has a wealth of experience acting on behalf of banks and other creditors in high-value insolvency proceedings.
Ranked Lawyers at
Fasken
Canada