
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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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. -
Linamar Corporation Completes $550-Million Private Placement of Senior Unsecured Notes
On June 22, 2023, Linamar Corporation announced that it has executed and closed a note purchase agreement pursuant to which it sold $550-million aggregate principal amount of 5.96% senior unsecured no... -
Stonebridge Financial Corporation Welcomes New Officers to Executive Leadership Team
Stonebridge Financial Corporation, a Toronto-based financial services firm with a focus on environmental, social and governance sectors, welcomed new officers to its executive leadership team. -
Aird & Berlis Acts for the Ontario Ministry of Economic Development in its Winning Bid for Volkswagen Gigafactory
The Ontario Ministry of Economic Development, Job Creation and Trade successfully bid for Volkswagen’s first overseas gigafactory, which will be built in St. Thomas. -
Canada Infrastructure Bank Closes $100 Million Financing With Ameresco for Energy Efficiency and Renewable Energy Projects in Canada
On March 31, 2023, Canada Infrastructure Bank closed a $100 million credit facility with Ameresco BRI Carbon Reduction LP (a wholly owned subsidiary of Ameresco, Inc.). Ameresco provides energy effici... -
KeyBanc Capital Markets Inc. Closes US$285 Million Financing for Hard Rock Hotel & Casino Redevelopment
KeyBanc Capital Markets Inc. facilitated a US$285 million senior secured notes financing for HR Ottawa, L.P. in connection with the redevelopment of the Hard Rock Hotel & Casino. -
Zoeller Company Acquires the Burke Group
Aird & Berlis successfully represented Zoeller Company in the acquisition of all the issued and outstanding shares of the Burke Group. -
Inscape Group Granted CCAA Protection by Ontario Court
On January 12, 2023, Inscape Corporation, Inscape (New York) Inc. and Inscape Inc. (collectively the “Inscape Group”), manufacturers and distributors of office furniture to customers located in the Un...
Recent Developments
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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... -
Firm News
91 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2024
Aird & Berlis is proud to announce that 91 members of the firm were selected by their peers for inclusion in the 2024 edition of The Best Lawyers in Canada. The firm is recognized across 44 practice ... -
Article
Recent Developments in Canadian Crypto-Litigation Orders Provide Cause for Concern
Kirshenberg v. Schneider again raises significant questions about the effectiveness of the Canadian courts and the civil asset recovery system in enabling the timely preservation of stolen or misappro... -
Article
Appellate Guidance on Appealing Receivership Orders
The recent British Columbia Court of Appeal decision in Creative Wealth Media Lending LP 2016 v. Access Road Capital, LLC, 2023 BCCA 208 clarifies how courts determine the merits of applications for l... -
Event
Benchmark Replacement and Other Interest-ing Matters
- 01:00 PMBeyond the headlines on rising central bank rates, there is an unusual number of changes occurring to the lending interest rate landscape. Lenders are adjusting to the replacement of the London Interb... -
Article
A Closer Look at OSFI Guideline B-15: Climate Risk Management
More than 350 federally regulated financial institutions in Canada are required to comply with the new Guideline B-15 developed by the Office of the Superintendent of Financial Institutions. -
Article
In re: The Hacienda Company, LLC – A Budding Change in Bankruptcy Law for Cannabis Companies?
There may be hope on the horizon for insolvent Canadian cannabis companies who wish to seek recognition proceedings south of the border. -
Article
Enforcing Crypto-Litigation Orders: Practical Difficulties Seen in Cicada 137 LLC v. Medjedovic
This case comment both summarizes the factual background present in Cicada and provides readers with helpful tips for insolvency and civil litigators on how to actually enforce and recover against sto... -
Article
ESG and Capital Raising: An Overview of the Unique Sustainable Finance Tools Available to Canadian Businesses
This article seeks to provide a high-level overview of the key sustainable finance options that are available for both public and private businesses in Canada. Choosing the right option will depend on... -
Article
The Rise of Fraudulent Insolvencies of NFT Projects: What to Do When You Are Rug Pulled?
This article aims to summarize recent North American jurisprudence and news regarding recent rug pulls and concludes with steps that creditors or investors can take to recoup their funds if they have ... -
Article
Virtual Collateral 101: How to Take and Enforce Security Over Cryptocurrencies, Crypto-Assets and Central Bank Digital Currencies
This article aims to break down issues of categorization to propose answers to the questions of how security over cryptocurrencies, other crypto-assets and CBDCs can best be attached, perfected, prote... -
Article
Looking a Stalking Horse in the Mouth: Sale Process Approval Criteria Across Canadian Jurisdictions
Stalking horse bid procedures have been a feature of the Canadian insolvency and restructuring landscape for almost two decades, but there is no national consensus on what criteria courts should consi... -
Article
ESG Initiatives Take Hold in Banking Sector
In recent years, environmental, social and governance (“ESG”) initiatives have become a driving force in many industries, and the banking sector is no different.