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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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 C$640 million. -
Court Appoints Receiver for Trans Emerge Transport Inc. in Debt Case With RBC
On January 22, 2024, Trans Emerge Transport Inc. was placed into receivership by the Ontario Superior Court of Justice (Commercial List) due to $10.7 million in debt owed to the Royal Bank of Canada. -
BZAM Completes Acquisition of Final Bell's Canadian Operation
On January 8, 2024, BZAM Ltd. (“BZAM”), a leading Canadian cannabis producer, completed the acquisition of Final Bell Canada Inc. (“FBC”), an end-to-end supply chain system for cannabis brands, from F... -
Kaladar Gas Group Placed In Receivership on Application by Tandia Financial Credit Union Limited
On December 1, 2023, the Kaladar Gas Group was placed in receivership on application by Tandia Financial Credit Union Limited, which was owed approximately $12.8 million. BDO Canada Limited was named ... -
Linamar Completes Acquisition of Mobex Propulsion-Agnostic Business
On November 1, 2023, Linamar Corporation (TSX: LNR) ("Linamar") announced that it has completed its acquisition of a substantial portion of the U.S.-based assets of Mobex Fourth and 1, LLC and certain... -
RBC Succeeds in Appointment of Receiver in Disputed Asset Transfer Case
On October 23, 2023, the Ontario Superior Court of Justice (Commercial List) appointed msi Spergel inc. as receiver over the assets, undertaking and properties of Express GT Parts Serve Inc. -
Metroland Media Group Seeks Bankruptcy Protection
On September 15, 2023, Metroland Media Group, an Ontario-based media corporation and the sister company of the Toronto Star, announced that it will restructure its operations and seek protection under... -
Stalking Horse Bid Entered As Datatax Business Services Limited Enters Sale Solicitation Process
On August 14, 2023, Datatax Business Services Limited, an income tax and accounting company based in Calgary, filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy ... -
Lorne Park Completes Loan Facility for Up to $15 Million With CWB Maxium Financial Inc.
Lorne Park Capital Partners Inc. (TSXV:LPC) entered into a secured loan facility, through its wholly-owned subsidiary, for up to $15 million with CWB Maxium Financial Inc. -
Stonebridge Financial Corporation Closes Financing for Crown Ridge Health Care Services
On June 29, 2023, Stonebridge Financial Corporation closed a long-term, fixed rate debt financing for Crown Ridge Health Care Services Inc.
Recent Developments
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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... -
Article
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. -
Publication
Issues With Issuance in the Event of Default
Can a notice of sale under the Mortgages Act be issued concurrently with a notice of intention to enforce security under section 244 of the Bankruptcy and Insolvency Act? -
Article
In re: The Hacienda Company, LLC – The Budding Change in U.S. Bankruptcy Law Starts to Flower
While gaining recognition of Canadian insolvency proceedings south of the border used to be wishful thinking for an insolvent Canadian entity having involvement in the cannabis industry, such proceedi... -
Firm News
Aird & Berlis Recognized in The Legal 500 Canada 2024
Aird & Berlis is proud to be recognized by The Legal 500 Canada as a leading firm across 12 different practice areas. -
Firm News
Aird & Berlis Named One of Canada’s Best Law Firms 2024 by The Globe and Mail
Aird & Berlis is pleased to announce its inclusion in The Globe and Mail’s Canada’s Best Law Firms 2024 list. For a third year, The Globe and Mail's Report on Business magazine partnered with Statista... -
Article
This Could Be ‘The One’: Considerations for When a Property Developer Faces Insolvency
On October 18, 2023, many were surprised to hear that The One, a monster development at 1 Bloor St. West in Toronto, had been placed into receivership. -
Article
Ontario Government Introduces New Consumer Protection Act
On October 23, 2023, the Ontario government introduced Bill 142, the Better for Consumers, Better for Businesses Act, 2023 that will repeal the existing Consumer Protection Act, 2002 and enact the Con... -
Firm News
2023 Edition of Doing Business in Canada Now Available!
Aird & Berlis is pleased to present the 2023 edition of Doing Business in Canada. This publication was developed to provide a general overview of Canadian federal and Ontario law, and is intended for ... -
Article
Crypto-Collateral Disputes Within Receiverships: Do Bitcoin Mining Proceeds Fall Under Collateral Equipment Pledges?
A recent ruling from the British Columbia Supreme Court is a key Canadian determination on the extent to which security interests extend to bitcoin where it is mined using equipment pledged as collate... -
Article
Analyzing COVID-19’s Impact on Asset-Based Lending in Canada: Current Landscape and Future Outlook
This article explores the impact of the COVID-19 pandemic on the asset-based lending market in Canada, focusing on shifting trends, challenges faced by lenders and borrowers, and the outlook for the f... -
Article
BioSteel Files for Creditor Protection: Will the Budding Change in U.S. Bankruptcy Law Bloom?
A recent Canadian insolvency filing could provide insight into how U.S. courts will approach Chapter 15 applications from foreign cannabis-related entities. -
Article
Recent Changes to Civil and Commercial List Appearances in the Toronto Region
This bulletin summarizes the key changes affecting Commercial List proceedings and civil proceedings in Toronto. -
Article
Asserting Limitation Period Defences in the Bankruptcy Context
The appellate decision in AssessNet Inc. v. Ferro Estate serves as a reminder that the bankruptcy context from which an action originates must inform any analysis regarding whether such action is stat... -
Article
End-of-Summer Brief on Canadian Overnight Repo Rate Average
The transition to CORRA will bring Canada’s lending practices into better alignment with current global practices and will ensure that we have a more reliable and robust benchmark interest rate in the...