Best Law Firms in Canada for Insolvency and Financial Restructuring Law

CHAITONS LLP | www.chaitons.com | T: +1 416 222 8888 | F: +1 416 222 8402 

Number of partners: 11

Number of lawyers: 22

Languages: English 

Firm Overview: 

Based in Toronto, Canada, Chaitons LLP has a substantial lending and recovery practice that has been involved in a significant number of the largest restructuring and receivership proceedings in Canada including cross-border proceedings.  Chaitons is also well-known for its litigation, finance/M&A and commercial real estate practices.  Its clients range across a broad spectrum and include Canadian and foreign banks, capital corporations, private equity firms, asset-based lenders and distressed lenders.  The firm was formed in 1983, and has become a leader in providing quality service and effective solutions for its clients in workout, restructuring and enforcement proceedings, commercial litigation, and a broad range of financing transactions, including traditional corporate lending, asset-based financing, equity, structured finance, term lending, mezzanine financing and debtor-in-possession financing. 

Main Areas of Practice: 

Insolvency/ Restructuring: 

Recent engagements include representing:        

• Indenture trustee in the Lightstream CCAA proceedings
• Senior secured lender and DIP lender in the Comstock CCAP proceedings
• Receiver in the cross-border Syncapse receivership proceedings including sale of business to a public company
• Purchaser of cross-border business and assets of iMarketing Solutions Group
• Monitor of New Solutions Financial Corporation, a distressed lender with over $220 million of secured debt
• Purchaser of assets in the Talon Systems group of companies insolvency proceedings
• Indenture trustee in the Hollinger CCAA proceeding
• Indenture trustee in the Catalyst Paper CCAA proceeding
• Indenture trustee in the NewPage CCAA proceeding
• Indenture trustee in the Sino Forest CCAA proceeding
• US Chapter 7 trustee in pension priority dispute in the Indalex CCAA proceeding, which was argued before the Supreme Court of Canada
• Purchaser of the Gorham Paper Mill from Fraser Papers in its CCAA and Ch. 11 proceedings
• Purchaser of assets in the NewPage CCAA proceeding
• CCAA Monitor of Gandi Innovation and related entities in their CCAA and Ch 15 proceedings and the sale of the business to Agfa
• Nexient, a leading Canadian provider of corporate and public training services, in its CCAA proceeding and the sale of the business to Global Knowledge
• Clothing for Modern Times, a national clothing retailer, in its restructuring under the CCAA
• Several different stakeholders in the Nortel restructuring proceedings
• Court-appointed monitors, receivers and trustees in bankruptcy in numerous Canadian insolvency proceedings 

Contact:   Harvey Chaiton | 416 218 1129  | harvey@chaitons.com 

Litigation: 

Chaitons’ broad commercial litigation practice includes expertise in matters related to insolvency, creditor enforcement of security, shareholder and partnership disputes, commercial disputes, contractual issues, real estate litigation and construction litigation.

Contact:   Stephen Schwartz | 416 218 1132 | stephen@chaitons.com    

Finance/M&A: 

Chaitons’ Corporate Law Group provides a wide range of transaction-based corporate services to its clients, with an emphasis on financings, mergers and acquisitions and business arrangements.  We represent lenders and investors across a full spectrum of financings including in respect of senior, subordinated and mezzanine financings, as well as asset-based, distress and debtor-in-possession lending.

Recent engagements include representing clients in respect of:

• Acquisition of asset management group having assets under management in excess of $500 million
• Acquisition by a TSX-listed corporation of one of Canada’s pre-eminent mid-market lenders
• Acquisition and financing by a Canadian merchant bank of a leading Canadian manufacturer of machined products 

Contact:   Philip Taylor | 416 218 1125  |  philip@chaitons.com

Commercial Real Estate:  

Chaitons has a general commercial real estate practice with specialty in condominium development (including resort and fractional ownership), seniors housing development, leasing and acquisitions and divestures of income producing properties.

Contact:   Robert A Miller | 416 218 1134 | robert@chaitons.com

Integrity. Insight. Solutions.

Serving Edmonton and Alberta Since 1894.

Duncan Craig LLP is a full-service law firm based in Edmonton, proudly serving clients across Alberta since 1894. Our history reflects a longstanding commitment to practical legal guidance, professional integrity, and strong community connections. We understand the legal and business landscape in Alberta, and we work closely with clients to provide clear and effective support.

For more than a century, our firm has assisted individuals, businesses, families, and institutions with a wide range of legal matters. Our lawyers and legal professionals provide thoughtful legal services tailored to each client’s goals, circumstances, and priorities.

Relationships, community involvement, and integrity continue to shape our approach to client service. We assist with matters involving business law, real estate, estate planning, family law, employment law, personal injury, litigation, and mediation, offering practical solutions focused on the needs of each client.

With offices in Edmonton and Drayton Valley, Duncan Craig LLP provides legal services throughout Alberta and, where required, across Canada and internationally.

Farris LLP ("Farris") is a leading Canadian law firm with offices in Vancouver and Victoria, British Columbia. The full-service firm represents some of the largest public and private institutions and corporations in the province, and has the proven capacity and experience to carry out complex and multi-dimensional legal projects.

Corporate/Commercial: With more than 30 lawyers, the Corporate/Commercial group at Farris is relied upon by clients to assist with a wide range of matters, across a variety of industries. Unique amongst most large law firms, our corporate lawyers are first trained as generalists before they specialize in any given area of business law. We believe a broad legal knowledge of the key business law issues affecting businesses and industries enables us to help our clients solve their legal problems –big or small–quickly and effectively.

Delivering on our clients’ goals and ambitions means working closely with our clients to develop work plans tailored to their particular needs in terms of scope and budget. Our clients rely upon our advice regarding capital raising, finance strategies, governance issues, succession planning, insourcing, and outsourcing. Our lawyers assist with contract drafting and negotiations, securing regulatory approvals, agreements for joint ventures, and acquiring or selling aspects of a business. We regularly advise on privately negotiated transactions, controlled auctions, plans of arrangement and take-over bids, as well as reorganizations and restructurings for tax optimization.

Advocacy & Litigation: Our litigators are recognized leaders in their field, providing timely, creative and practical representation in a full range of commercial, corporate and constitutional litigation, and have extensive experience conducting hearings, trials and appeals. Our clients are diverse and include major business organizations, public bodies, universities, First Nations, media organizations, family litigants, and public interest groups. We advocate for our clients in every forum and at every level of court, and are engaged in many of the most important cases in the province at any given time. We recognize that advocacy work entails flexibility and a constant evaluation of available options, and that not all matters require a formal hearing. We actively look for opportunities to engage in alternate dispute resolution processes where appropriate.

Labour and Employment: Farris has a full-service labour and employment practice, providing advice, counsel, and representation to our clients in all aspects of workplace law.

We have broad experience representing employers in employment law disputes, including wrongful dismissal matters, disputes relating to restrictive covenants, disability related claims, discrimination and accommodation matters, Human Rights issues, employment and labour standards matters, privacy matters, and workers compensation issues. Our lawyers regularly represent our clients in Court and before administrative tribunals that apply employment-related statutes.

Our lawyers have vast experience in labour relations matters, acting before arbitrators, arbitration boards, and appearing in related judicial reviews and injunction applications before all levels of court and advising employers in a wide range of industries. We regularly act for employers with respect to grievance arbitration and collective agreement administration. Our lawyers conduct Labour Board hearings including applications for certification and decertification, unfair labour practices, variance, common employer and successorship issues. We assist clients with strikes and lockouts and the legal issues that can arise including picketing, ally and replacement workers.

We also assist our clients in drafting and reviewing employment agreements that cover all aspects of the employment relationship, including compensation and benefits, stock options and other incentive plans, severance provisions, restrictive covenants, intellectual property matters, hours of work, and alternative dispute resolution; as well as drafting Employee Handbooks that provide for various rules and regulations that apply in the workplace.

Taxation: Farris lawyers work together with our clients and their accountants to provide timely, innovative and practical tax advice. Representing a broad range of domestic, international, public and private-sector corporate clients across many industries, we provide guidance in areas of expertise such as mergers & acquisitions, real estate, structuring corporate groups and partnerships, fund formation and executive compensation. Our lawyers also have vast experience in advising on cross-border mergers and acquisitions, cross-border debt and equity offerings, structuring and financing of inbound investments into Canada and outbound investments from Canada, foreign affiliate reorganizations, profit repatriation, intellectual property migration strategies, electronic commerce, transfer pricing and tax treaty issues. For our private clients, we offer advice in owner-manager tax planning, estate and trust planning, private equity and venture capital investments.

If and when audits or disputes with the tax authorities arise, our lawyers have the experience and expertise to support you at every step. Our tax litigators represent clients in all types of CRA audits and disputes, assisting with proposals, voluntary disclosures, objections to CRA findings and appeals.

Recognition:

• 61 Farris partners ranked in Best Lawyers in Canada.
• Farris rated one of Vancouver’s leading corporate and litigation law firms for over a decade by The Canadian Legal Lexpert Directory.
• Farris Repeatedly Recognized as One of Canada's Best Law Firms
• 28 Farris partners ranked in The Canadian Legal Lexpert Directory.

Languages: English, French, Mandarin, Cantonese, Punjabi and Spanish.

Gowling WLG is an international law firm built on the belief that the best way to serve you is to be in tune with your world, aligned with your opportunity and ambitious for your success. With more than 1,500 legal professionals around the world, we provide our clients with in-depth knowledge in key global sectors and a suite of legal services at home and abroad. We see the world through our clients' eyes, and collaborate across countries, offices, service areas and sectors to help them succeed, no matter how challenging the circumstances.

Brief History

With roots tracing back to 1887, Gowling WLG grew to become one of the largest and most respected law firms in Canada, with a reputation for innovation in client-focused service delivery.

Building on its early strength in intellectual property, Gowling WLG diversified to offer a full suite of business law, litigation and intellectual property services in all of Canada’s key industries, including energy, mining, financial services, government, infrastructure, manufacturing, life sciences and technology.

Koffman Kalef LLP is a Vancouver law firm practicing in selected areas of business law and litigation with significant strength and experience in tax, securities and corporate finance, senior banking, commercial real estate transactions and development, intellectual property, international trade and mergers and acquisitions.

The depth of knowledge and experience of our lawyers allows us to deliver high quality legal services in a timely and cost-effective manner. Our clients find our advice and assistance practical, meaningful and useful.

We understand the needs of our business clients and are committed to meeting those needs. Our clients can expect the highest quality of legal services from everyone at Koffman Kalef LLP.

For general information, please contact us at info@kkbl.com.

Established by former litigation partners of a national Canadian firm, LCM Attorneys has earned its reputation as one of Montréal’s premier litigation boutiques. Built on strategic insight and uncompromising advocacy, the firm brings together more than 35 accomplished lawyers recognized for their sound judgment, intellectual rigor, and unwavering commitment to client success.

LCM Attorneys represents multinational corporations, financial institutions, professionals, and entrepreneurs in high-stakes and complex disputes. The firm’s practice spans class actions, securities litigation, commercial and shareholders’ disputes, professional liability, construction law, public law, arbitration, and international matters. Combining meticulous preparation with strategic clarity, LCM Attorneys works closely with its clients to navigate sophisticated legal challenges and deliver decisive, results-driven outcomes.

Loopstra Nixon LLP is a team of client-centered lawyers who are shaping the future of business and public law in Canada. We deliver exceptional service through tailored client solutions delivered by our top-tier team of legal talent.

Our team of lawyers possess unique and diverse skillsets, so that clients can come to us for any and every issue at hand. We are quick to adapt and always on call. Whether we are delivering cutting-edge legal solutions or providing strategic business advice, we revolve around you.

Our key practice areas include banking and financial services, business law, litigation & dispute resolution, municipal, land use planning & development, real estate, labour & employment, technology & intellectual property and bankruptcy, insolvency & restructuring.

Loopstra Nixon is the Canadian affiliate of LawExchange International, an established network of international independent law firms serving middle-market and entrepreneurial businesses throughout Europe, North and South America, Asia, and Australia. With member firms in 23 countries, this affiliation enables greater international reach for our clients.

50 Years of Service and Counting

With its humble beginnings in a storefront office in Toronto, Charles Loopstra and Sandy Nixon started something special – a firm that has grown with each and every one of its clients. In 2022, Loopstra Nixon entered its 50th year. The founding partners infused ambition, hard work, and an entrepreneurial spirit into the firm. Their commitment to client service and client relationships formed the foundation and set the expectations for every member of the Loopstra Nixon team.

We are proud of where we started and proud of where we are going.

McDougall Gauley LLP is a Saskatchewan law firm with a diversified local, provincial, national, and international practice. Since 1891, the firm has provided legal services to domestic and international financial institutions, insurance companies, individuals involved in business, government and financial organizations, as well as local, national, and multinational corporations.

With over 90 legal professionals, we provide counsel with the skills and resources to deliver the widest range of legal services to our clients. We offer legal services in English and French.

NST is recognized as one of British Columbia's leading dispute resolution firms. Its lawyers have built their reputations trying tough cases and arguing complex appeals.

The firm has been described as “a household name in the Vancouver market” and has been recognized as one of Canada’s top litigation boutiques. Legal publications rate NST’s lawyers as leading practitioners in commercial litigation and dispute resolution. Devoted to civil and business litigation and arbitration, the firm has litigated many of British Columbia’s largest and most complicated commercial lawsuits, including two of Canada’s most significant mining claims, as well as important securities and shareholder disputes.

Known for its intellectual rigour, high quality advocacy, responsiveness to clients' needs, and flexibility in procedural matters, the firm has experience arguing and defending certification motions, judicial reviews, summary trials, trials, and appeals. The firm utilizes its expertise to provide strategic advice and to seek practical solutions out of court. When that is not possible, NST’s lawyers have the courtroom experience to see a matter through to judgment.

NST’s clients include successful private and public companies, many of whom are referred to us by leading Canadian and international law firms. NST regularly acts in the full range of commercial disputes, including contract disputes, shareholders’ disputes, securities and oppression claims, hostile take-over bids and derivative actions, class actions and representative proceedings, mining claims, pension litigation, actions for professional negligence, administrative proceedings, defamation actions and employment disputes.

Irwin Nathanson, Stephen Schachter and Ardella Thompson created the firm with one purpose in mind—to focus on trying difficult cases and arguing complicated appeals. Over the years, the firm has carefully added lawyers, and now boasts six King’s Counsel and several former law clerks, including two former clerks to the Chief Justice of British Columbia. However, the firm’s goal has never been growth for its own sake. It maintains Irwin Nathanson’s vision of a select group of lawyers with the depth of talent and breadth of expertise to efficiently and effectively handle commercial disputes of all sizes and kinds.

In addition to its work for clients, the firm’s lawyers regularly contribute to legal scholarship, including: serving as adjunct professors at UBC Law School; writing chapters in texts on Business Torts, Government Liability, and the Annual Review of Law and Practice; frequently speaking at continuing legal education events on civil litigation law and practice; and authoring one of the province’s main litigation texts, the annual British Columbia Supreme Court Rules Annotated.

Your future is our focus.

Ogilvie was built in 1920 on a tradition of building relationships and working alongside our clients, and that is still our philosophy an entire century later. We’re proud to celebrate 100 years together with our specialized teams of lawyers who will work beside you and your business to ensure your issues are resolved.

Our proud beginning.

James Harwood Ogilvie, Q.C., left a mark on our great city that still lives on today. He began studying law at the University of Alberta in Edmonton in 1914. With the advent of World War I, Edmonton men enlisted by the thousands to serve their country, the young James Ogilvie among them. He returned home safely to complete his articles and was admitted to the Alberta Bar in 1920, and started Ogilvie soon after. In his many years providing legal and professional guidance to Edmontonians, he supported the communities around him and demonstrated the importance of building meaningful relationships with the people he helped. The City of Edmonton recognized his significant contributions, including serving 16 years as a city alderman, by naming a residential subdivision “Ogilvie Ridge". Our team is proud to carry on Mr. Ogilvie’s legacy by continuing to create meaningful relationships with our clients and supporting the businesses and communities that make our city great.

Our community support.

James Ogilvie believed that if you were going to work in a community, you also had to work for your community. We are committed to preserving this tradition of community support believing that corporate support is an investment in our community. On our 75th anniversary, the Ogilvie Fund was created by lawyers and staff of the firm and managed by the Edmonton Community Foundation. Every year the Ogilvie Fund provides financial assistance to a variety of causes including organizations representing single mothers, underprivileged children and youth. The Ogilvie Fund is one of our avenues for giving back to the city we work in by providing assistance to the people who need it most.

Founded over 100 years ago, Robinson Sheppard Shapiro is an independent medium-sized law firm providing legal services and strategic advice to local, national, and international clients, including entrepreneurs, SMEs, insurers, corporations, private and public institutions, and individuals.

Our services include business law, civil and commercial litigation, insurance law, labour and employment law, transportation law, family law, municipal law as well as estates, wills and trusts.

From our office in Montréal, our diverse team of lawyers adapts to the business realities of each client, offering high-level legal services while promoting a personalized approach.