Cassels Brock & Blackwell LLP

Restructuring/Insolvency Department

Nationwide - Canada
Current View:

This content is provided by Chambers. Learn more about our methodology

What the team is known for A solid presence in the restructuring and insolvency market, offering significant multi-jurisdictional expertise, with a focus on Canada-US cross-border restructurings. Acts for a variety of clients in the mining and energy sectors, with notable experience working on behalf of both creditors and distressed companies. Recent expansion into both Calgary and Vancouver underscores the firm's commitment to the development of a national practice. Strong established practice in Toronto.

Strengths"As a group they have a wonderful panoply of talented practitioners at the very high end of the marketplace," commented a source, continuing: "The team brings business acumen to the table understanding the nuances of the complex multiparty dynamic in a restructuring very well." 

Clients praise their balanced and pragmatic approach: "First and foremost they're pragmatic, a big believer that it's important to balance the cost and time of litigation against the benefits and come to a pragmatic solution to solve the company's problem."

Work highlights Counsel to Grant Thornton, the court-appointed monitor in the CCAA and Chapter 11 restructuring of Toys R Us.

Represented Century Services, the interim financier, negotiating a CAD5.5 million interim financing facility in the CCAA restructuring of the Walton Group.

Notable practitioners

Jane Dietrich "hits the ball down the middle" with her balanced and fair counsel and "her ability to negotiate resolutions with the other parties of interest in a case."  Her recent experience includes acting for the court-appointed monitor in Grafton-Fraser's CCAA proceedings. "Calm when she presents to court," clients describe her as the "voice of reason."

Larry Ellis provides strong litigation support for commercial insolvencies. Market sources earmark him as "very dedicated to serving the client and going above and beyond to get things done." His practice includes considerable multi-jurisdictional experience.

Mary Buttery is "extremely well regarded" in the Vancouver market, where she is referred to as a "top practitioner." She is a "great advocate for her clients," said a market source, who added: "She's a great litigator and a very technically sound lawyer."

According to interviewees, Ryan Jacobs is a valuable player in strategy negotiations as a passionate "big-picture thinker." Sources praise his ability to "use leverage to get the outcome you desire," labelling him "a real asset."

Shayne Kukulowicz heads the firm's restructuring and insolvency group and is considered a "brilliant guy." He is recognised for his strategic and measured approach, with an observer commenting: "He has a very commanding presence and is at the top end of his game."