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Restructuring & Insolvency

Widely acknowledged for its impressive track record assisting clients from the financial services, mining and natural resources sectors with large CCAA and cross-border Chapter 11 proceedings. The firm is well placed to advise lenders, receivers and troubled businesses, and fields additional expertise in litigation, which includes experience before the Supreme Court of Canada.

Chambers Canada: Canada’s Leading Lawyers for Business 2022

The Blakes Restructuring & Insolvency group is recognized as one of Canada’s leading domestic and cross-border restructuring practices. We combine our unmatched experience and depth to meet the immediate and critical needs of our clients with expert practitioners in each of Canada’s four main business centres. Collaborating with our colleagues in Financial Services, Capital Markets, Competition, Antitrust & Foreign Investment, Employment & Labour, Commercial Real Estate, Tax, Environmental and Intellectual Property, as needed for each engagement, our Restructuring & Insolvency lawyers provide top-quality coordinated service and effective solutions to the unique and complex challenges our clients face wherever the parties are located or the insolvency proceedings are commenced.

We represent all parties impacted by insolvencies and restructurings, including Canadian and U.S. banks and financial institutions, corporate debtors in domestic and cross-border insolvency proceedings, restructuring financial advisory firms that act as court officers, debtor-in-possession (DIP) lenders, and investors in distressed M&A opportunities.
Our insolvency lawyers engage in a broad variety of insolvency litigation and assist clients in a wide range of industries through workouts and restructurings including under:

  • The Companies’ Creditors Arrangement Act (CCAA)
  • The Bankruptcy and Insolvency Act (BIA)
  • Cross-border recognition proceedings, including in the U.S. and U.K.
  • The Canada Business Corporations Act (CBCA)

Our team has deep expertise particularly in distressed mining, distressed oil and gas, distressed real estate and construction, and distressed retail situations.
Some of our most significant recent retainers on the public record are described here:


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