Stikeman Elliott
Bankruptcy, Insolvency & Restructuring
Bankruptcy, Insolvency & Restructuring
Stikeman Elliott has the depth and breadth of experience to handle the most complex insolvencies and corporate restructurings for businesses of all sizes in multiple industry sectors. Our bankruptcy, insolvency and restructuring team draws its significant depth from practitioners who are experienced not just in insolvency law, but also in the insolvency-related issues that arise in other areas, including litigation, banking, securities, tax, M&A, pensions, employment and regulatory law.

Our reputation as a leader in the sector has been acquired by guiding many of Canada's most complex commercial restructurings to a successful conclusion. In a practice area noted for tight deadlines, conflicting agendas and complex business and legal issues, our ability to respond quickly, negotiate effectively and craft workable solutions greatly benefits our clients.

In addition to working on some of the highest profile restructuring transactions in Canadian history, including the C$32B Asset-Backed Commercial Paper restructuring, the largest ever in Canada, and the Air Canada debtor-in-possession financing and restructuring, the largest in Canadian history at that time, our lawyers have assisted management teams across Canada, in businesses of all sizes, in protecting their interests, overcoming business challenges and seizing new strategic opportunities. Our experience includes advising both public and private companies in corporate reorganizations and restructuring, acting for debtors, creditors, accounting firms, trustees under indentures and other stakeholders, negotiating and structuring debtor-in-possession financing arrangements, advising on enforcement of security and acquisition or divestiture of insolvent or distressed assets.


Recognition for Our Work

Stikeman Elliott's experience in major insolvencies is reflected in leading reputational surveys and the Group and its members are cited as Canadian leaders in global legal directories and publications such as Chambers Global, IFLR1000, the Lexpert/American Lawyer Media Guide to the Leading 500 Lawyers in Canada, and Euromoney's Guide to the World's Leading Insolvency and Restructuring Lawyers.

  • IFLR1000 notes that "They come up with constructive workable solutions to problems. There is never a problem they don't seem to be able to find some fix or solution to."

  • Chambers Global ranks Toronto partners David ByersLiz Pillon and Ashley Taylor and Montréal partners Jean Fontaine and Guy Martel as leading Canadian lawyers in this field. 

  • The Best Lawyers guide ranks Toronto partners David Byers and Liz Pillon and Montréal partner Jean Fontaine as Canadian leaders.

  • The International Who's Who of Insolvency & Restructuring Lawyers lists David ByersJean Fontaine and Ashley Taylor as leading lawyers.

  • The Canadian Legal Lexpert Directory ranks David Byers as among the "most frequently recommended" insolvency litigators in the Toronto market, and Liz Pillon and Ashley Taylor as "repeatedly recommended". Jean Fontaine is listed as a "consistently recommended" insolvency practitioner in the Montréal market.

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada lists Toronto partners David ByersLiz Pillon and Montréal partner Jean Fontaine in the Insolvency and Financial Restructuring practice area. 

  • Ashley Taylor awarded Insolvency Litigator of the Year by Benchmark Litigation Canada.

  • David Byers and Ashley Taylor are ranked in Euromoney's Guide to the World's Leading Insolvency and Restructuring Lawyers.

  • Liz Pillon awarded Turnaround Management's first annual Women of Excellence Award for her skill and success as an advocate, contribution to the profession and mentoring of junior female lawyers.

Key Contacts

C. Jean Fontaine 
Guy P. Martel
Claire Zikovsky

Elizabeth Pillon
Ashley John Taylor 

Justine M. Whitehead 

Michael Mestinsek 

Hein P. Poulus