Financial Services
- Overview
- Who To Contact
- Representative Matters
- Recent Developments
The Aird & Berlis Financial Services Group is a dynamic and responsive team of lawyers who are able to help agents, lenders, borrowers, secured parties, investors and anyone with a financial interest through any financing transaction or insolvency, restructuring or recovery proceeding. Whether you require a simple and efficient path forward to get a deal done, or a complex and innovative solution to a problem, we have the right professionals to act as your trusted advisors.
With our Banking & Finance and Insolvency & Restructuring professionals working closely together, clients quickly see the value of our innovative approach and the results of working with us. The ability to work with creditors and debtors from the start of a financing transaction or case through to any recovery or enforcement proceedings allows us to deliver tailored, business-minded legal solutions that not only protect and preserve, but propel our clients’ interests forward.
We represent some of Canada’s largest financial institutions and companies in banking, financing, borrowing, insolvency and restructuring transactions of all sizes. The breadth and depth of our experience contributes to deeper insight into the dynamics, business realities and regulatory environments in which our clients operate. We have the experience to help clients recognize potential challenges early and identify solutions that avoid problems and risk, regardless of size and complexity. We pride ourselves on our commitment to our clients’ success by providing sophisticated advice, quick turnaround and responsive service.
Contacts
Group Members
Representative Matters
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Peoples Trust Company Initiates Companies’ Creditors Arrangement Act Proceedings for Crown Crest Entities
On November 9, 2023, Crown Crest Financial Corp., Simply Green Home Services Inc., Simply Green Home Services Corp., Crown Crest Capital Management Corp., Crown Crest Funding Corp. and Crown Crest Cap... -
Court Denies Motion to Strike Ontario Bankruptcy Application in Cross-Border Case Involving Delaware Corporation
On October 21, 2024, the Ontario Superior Court of Justice dismissed a motion by Winning Brands Corporation, a Delaware-based company, to strike or halt a bankruptcy application filed by creditor Char... -
Tokyo Smoke Enters CCAA Restructuring Amid Financial Challenges
On August 28, 2024, Tokyo Smoke initiated Companies' Creditors Arrangement Act proceedings to restructure due to financial difficulties. -
TD Bank Initiates Receivership for Buchh Holding Inc. and Affiliates
On July 31, 2024, Buchh Holding Inc. and its affiliates were placed into receivership following an application by TD Bank, which is owed $3.6 million. -
125 Ferris Inc. Files NOI Following Loss of Tenant
The filing came after its tenant, North Star Studios, suspended operations and Laurentian Bank formally demanded repayment of its loan. -
Allied Properties REIT Completes Acquisition of Ownership Interest in 400 West Georgia and Increased Ownership Interest in 19 Duncan
On April 1, 2024, Allied Properties REIT completed the acquisition from Westbank for an aggregate property value of $920.7 million. -
Phillips Foods Acquires Assets of Canadian Seafood Processor and Distributor
On March 7, 2024, Phillips Foods Inc., a U.S.-based global processor and distributor of branded seafood products, announced that it will acquire the assets of South Shore Seafoods Group of Companies, ... -
RBC Secures Receiver Appointment Amid Debtor’s Delays, Failure to Co-operate
Aird & Berlis successfully represented RBC in Royal Bank of Canada v. 2531961 Ontario Inc. et al., where the Court appointed a receiver over the Respondents’ assets due to repeated delays, lack of tra... -
Linamar Corporation Completes Acquisition of Bourgault Industries Ltd., Bolstering Its Leading Agriculture Business
Linamar Corporation completed its acquisition of Bourgault Industries Ltd. and its subsidiaries for $640 million. -
Canadian Frozen Foods Company BRR Logistics Files for Bankruptcy
BRR Logistics Limited, a Brampton, Ontario-based company that operates a frozen foods sale and logistics business, filed a Notice of Intention pursuant to subsection 50.4(6) of the Bankruptcy and Inso...
Recent Developments
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Firm News
Aird & Berlis Recognized in The Legal 500 Canada 2025
Aird & Berlis is proud to be recognized by The Legal 500 Canada as a leading firm across 13 different practice areas. -
Firm News
Aird & Berlis Named One of Canada’s Best Law Firms 2025 by The Globe and Mail
Aird & Berlis is pleased to announce its inclusion in The Globe and Mail’s Canada’s Best Law Firms 2025 list. For a fourth year, The Globe and Mail's Report on Business magazine partnered with Statist... -
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Top Class Action Decisions of Q3 2024
Q3 2024 saw the release of several significant class action decisions, including appellate rulings, that we consider especially relevant to our clients. -
Firm News
Aird & Berlis Welcomes New Partners John Munnis and Andrea Kroetch
We are pleased to welcome John Munnis and Andrea Kroetch as new partners of the firm. -
News Item
112 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2025
Aird & Berlis is proud to announce that 112 members of the firm were selected by their peers for inclusion in the 2025 edition of The Best Lawyers in Canada. We are also pleased to share that an addit... -
Article
Six Class Action Rulings That Shaped Q2 2024
This article summarizes key class action decisions from the second quarter of 2024, including rulings on cryptocurrency cases, residency rules for plaintiffs, and certification issues in Ontario and B... -
Article
It’s All Peakhill From Here: Appellate Confirmation of Courts’ Jurisdiction to Grant Reverse Vesting Orders in Receivership Proceedings
Peakhill marks the first opportunity for an appellate court to consider whether a court in a BIA receivership proceeding has the jurisdiction to grant an RVO solely for the purpose of achieving a tax ... -
Article
Bay Street Lawyers Beware: U.S. Court Finds Conflict of Interest Representing Debtor and One of Its Major Shareholders in Bankruptcy Proceedings
A large international law firm was recently disqualified from representing Enviva Inc. in its bankruptcy due to a conflict with its representation of Enviva's private equity sponsor. -
Article
Ontario Does Away With Registration on Title of PPSA Notices of Security Interest in Consumer Goods
Financiers of consumer goods will no longer be able to register their PPSA security interests on title to the properties where such consumer goods are installed as fixtures. -
Article
Creditors Rejoice: Ontario Court of Appeal Confirms Summary Judgment Is ‘Tailor-Made’ to Enforce Liquidated Claims
The Court of Appeal’s decision provides much-welcomed support in the jurisprudence for timely access to justice when creditors seek to enforce liquidated claims. -
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Recent Changes to Proceedings Before the Capital Markets Tribunal
On March 19, 2024, the Capital Markets Tribunal introduced substantial amendments to its Rules of Procedure. This bulletin summarizes the key amendments. -
Article
Top Class Action Decisions of Q1 2024
The first quarter of 2024 saw the release of a number of important class action decisions, summarized in this article. -
A&B In the News
Distressed Real Estate Team Featured in Canadian Property Management Article
Highlights from a recent complimentary webinar were summarized in an article by Canadian Property Management titled “Defaulted Real Estate Loans on the Upswing.” -
Event
Real Estate in Distress and the Search for Solutions
- 04:00 PMJoin members of the Aird & Berlis Distressed Real Estate Group as they discuss traditional mortgage remedies and provide insights into receivership options. Gain an understanding of the current crisis... -
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Key Takeaways From 2023 Appellate Decisions
This article includes our annual summary of key Supreme Court of Canada and Ontario appellate cases with commercial implications. -
Firm News
Aird & Berlis Welcomes New Associates Adrienne Ho and Shaun F. Parsons
We are pleased to announce that Adrienne Ho and Shaun F. Parsons have joined the firm as associates in our Financial Services Group.