
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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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... -
Wynnchurch Capital Acquires Majority Ownership in FloWorks
On January 20, 2023, Wynnchurch Capital, L.P., a leading middle market private equity firm, acquired a majority ownership in FloWorks International, LLC from Clearlake Capital Group, L.P. FloWorks is ... -
Allied Properties REIT Acquires Urban Office Portfolio for $794 Million
On March 31, 2022, Allied Properties Real Estate Investment Trust, a leading operator of distinctive urban workspace in Canada’s major cities and network-dense urban data centres in Toronto, completed... -
SQI Diagnostics Acquires Precision Biomonitoring’s Human Diagnostic Testing Business
On February 14, 2022, SQI Diagnostics Inc., a leader in the science of lung health that develops and manufactures respiratory health and precision medical tests, completed the acquisition of the asset... -
Waygar Capital Completes $30 Million Financing
Waygar Capital, as agent for Ninepoint Canadian Senior Debt Fund, completed its $30,000,000 financing of Enterprise Group Inc., a specialized equipment rental and services organization to Canada's ene... -
Ontario Superior Court of Justice Approves CannTrust’s CCAA Plan
On July 16, 2021, CannTrust announced that its plan of compromise, arrangement and reorganization was sanctioned by the Ontario Superior Court of Justice as part of CannTrust’s restructuring proceedin... -
goeasy Ltd. Acquires LendCare for $320 Million
On April 30, 2021, goeasy Ltd. (TSX: GSY), a full-service provider of goods and alternative financial services, completed its acquisition of LendCare Holdings Inc., a Canadian point-of-sale consumer f... -
Feronia Inc. Completes Restructuring Transaction
Feronia Inc. recently completed a third party sale and restructuring transaction, resulting in the sale of substantially all of the Company’s assets, including its direct and indirect equity interests... -
Energy+ Closes $55 Million Offering of Unsecured Debentures
On August 10, 2020, Energy+ Inc. closed a $55 million offering of 2.968% senior unsecured debentures due August 10, 2060. -
MediPharm Labs Completes $37.8 Million Private Placement
MediPharm Labs Corp., a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, recently completed a private placement with an i...
Recent Developments
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Article
CARR Confirms Development of Term CORRA Benchmark
On January 11, 2023, in a highly anticipated development, the Canadian Alternative Reference Rate working group (“CARR”) announced that efforts are underway to develop a one- and three-month Term CORR... -
Firm News
Aird & Berlis Welcomes Rachel Silber
Aird & Berlis is pleased to announce that Rachel Silber has joined the firm as counsel in our Financial Services Group. -
Firm News
Aird & Berlis Welcomes New Partner Evonne E. Finnegan
We are pleased to announce that Evonne E. Finnegan has joined the firm as a partner and member of our Financial Services Group. -
Firm News
2022 Edition of Doing Business in Canada Now Available!
Aird & Berlis is pleased to present the 2022 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
What's Fair When Terminating a Commercial Lease? The Court of Appeal's Diverging Views in Bennett Law Chambers Professional Corporation v. Camcentre Holdings Inc., 2022 ONCA 658
On September 22, 2022, the Ontario Court of Appeal revisited the interpretation of termination notice provisions under commercial leases. The case highlights the importance for commercial leasing part... -
Article
Can a Mortgagee Receive Accelerated Interest Upon the Repayment of a Closed Mortgage That Is in Default?
The Court of Appeal for Ontario recently confirmed that there is no standalone “established common law entitlement” allowing a mortgagee to claim accelerated interest on a closed mortgage when the mor... -
Firm News
88 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2023
Aird & Berlis is proud to announce that 88 members of the firm were selected by their peers for inclusion in the 2023 edition of The Best Lawyers in Canada. The firm is recognized across 43 practice ... -
Article
British Columbia High-Cost Credit Rules Come Into Effect on May 1, 2022
On May 1, 2022, British Columbia will become the fourth Canadian province to regulate high-cost credit products. After that date, there will be additional disclosure requirements and consumer rights f... -
Firm News
Jill Fraser Featured in Women in Secured Finance 2022
Jill Fraser was profiled in The Secured Lender’s Annual Women in Secured Finance issue. -
Article
Ontario Court of Appeal: A Debtor’s Assurances May Postpone the ‘Discovery’ of a Claim
In its recent decision, Thermal Exchange Service Inc. v. Metropolitan Toronto Condominium Corporation No. 1289, 2022 ONCA 186, (“Thermal Exchange Services”) the Ontario Court of Appeal ruled that, und... -
Firm News
Aird & Berlis Recognized in 2022 Canadian Legal Lexpert Directory
51 members of Aird & Berlis have been recognized in the 2022 Canadian Legal Lexpert Directory. -
Firm News
Miranda Spence Recognized as 2021 Lexpert Rising Star: Leading Lawyer Under 40
Aird & Berlis is proud to announce that Miranda Spence has been recognized as a 2021 Lexpert Rising Star: Leading Lawyer Under 40. -
Firm News
84 Aird & Berlis Lawyers Recognized in The Best Lawyers in Canada 2022
Aird & Berlis is proud to announce that 84 members of the firm were selected by their peers for inclusion in the 2022 edition of The Best Lawyers in Canada. The firm is recognized across 43 practice ... -
Publication
OBCA Amendments to Come Into Force on July 5
Highly anticipated amendments to the Business Corporations Act (Ontario) (OBCA) will take effect on July 5, 2021. -
Firm News
Aird & Berlis Recognized in 2021 Canadian Legal Lexpert Directory
43 members of Aird & Berlis have been recognized in the 2021 Canadian Legal Lexpert Directory. -
Article
Are You Prepared for the Changes Coming to Ontario’s Corporate Law Requirements?
On December 8, 2020, the Ontario legislature enacted the Better for People, Smarter for Business Act, 2020, which includes several significant amendments to the Ontario Business Corporations Act.