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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Receiver Appointed for Gas Station Operator Following Tandia Financial Application
Aird & Berlis acted for Tandia Financial Credit Union Limited in the application with a team led by Kyle Plunkett and including Shaun Parsons and Roxana Manea (Financial Services). -
RBC Secures Appointment of Receiver for J&R Transport Inc.
Aird & Berlis acted as counsel to RBC with a team consisting of Sanjeev Mitra, Jeremy Nemers and Calvin Horsten (Financial Services). -
AirBoss Secures US$180-Million Senior Credit Facilities With TD Bank, CIBC
On December 2, 2024, AirBoss of America Corp. (TSX: BOS) (OTCQX: ABSSF), a manufacturing company focused on advanced rubber compounding and related markets, entered into new senior secured credit faci... -
IDC Technologies (Canada) Inc. Placed Into Receivership Following TD Bank Application
Aird & Berlis represented TD Bank, with a team led by Kyle Plunkett and including Miranda Spence and Cristian Delfino (Financial Services). -
Abraxas Power Enters Loan and Royalty Agreement With RE Royalties
On November 21, 2024, Abraxas Power Corp., a leading energy transition developer, announced that its subsidiary Abraxas Power Maldinvest Ltd. entered into a loan agreement with RE Royalties Ltd., a gl... -
Aird & Berlis Concludes Mandate as Representative Counsel in Lion’s Share Proceedings
Aird & Berlis represented the noteholders with a team led by Kyle Plunkett (Financial Services) and Mark van Zandvoort (Litigation & Dispute Resolution) and including Shaun Parsons and Cristian Delfin... -
Nautilus Fitness Canada Enters Receivership After Parent Company’s Bankruptcy
Aird & Berlis represented Nautilus Fitness Canada, Inc. in the application for the appointment of a receiver. -
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.
Recent Developments
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Article
Alberta and Ontario Courts Reaffirm Enforceability of Consents to Receiverships
This article highlights recent court decisions reaffirming the enforceability of consents to receiverships, emphasizing the importance of commercial certainty and upholding negotiated agreements in in... -
Firm News
14th Annual IBA Finance & Capital Markets Tax Conference
Jack Bernstein will chair the 14th Annual IBA Finance & Capital Markets Tax Conference in London on January 20-21, 2025, with Francesco Gucciardo and Christopher Slade as panellists. -
Firm News
Jacqueline Goslett Recognized as a 2024 Lexpert Rising Star: Leading Lawyers 40 and Under
Aird & Berlis is proud to announce that Jacqueline (Jack) Goslett has been recognized as a 2024 Lexpert Rising Star: Leading Lawyers 40 and Under. -
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... -
Article
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. -
Article
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.”