About

Provided by Gowling WLG (Canada) LLP

Whether a company needs early- or late-stage restructuring advice or a secured or unsecured creditor needs immediate counsel, Gowling WLG works to resolve issues quickly, pragmatically and cost-effectively.

As one of the largest groups of its kind in Canada, we've developed a significant practice for creditors and debtors alike, with a high level of expertise in cross-border insolvencies and restructurings.

Gowling WLG expertly represents creditors, debtors, receivers, trustees, monitors, acquirers, suppliers, customers and other restructuring professionals and stakeholders.

Our services include:

·       Advising on early stage financial and operational restructurings

·       CCAA and BIA proposal proceedings

·       Bankruptcy and liquidation proceedings

·       Enforcing guarantees and security

·       Negotiating forbearance and accommodation arrangements

·       Advising on insolvency risks in structured transactions

·       Mitigating lender liability issues

·       Assessing directors’ liability

·       Advising regulatory agencies on regulatory compliance

·       Distressed M&A

·       Structuring and executing sales process 

·       Creditor, supplier and customer negotiations

·       Retaining investment bankers and advisers to assist in the distressed M&A process

·       Sourcing, negotiating and documenting interim and permanent financing solutions

·       Corporate restructuring, including cross-border and multi-jurisdictional restructurings

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Nationwide - Canada

4
Band 4

What the Team is Known For

Gowling WLG provides comprehensive restructuring and insolvency expertise across its Canadian offices, including substantial insolvency litigation capabilities. The group fields a strong national practice, with significant strength in Toronto complemented by its Calgary, Montréal and Vancouver offices, and has notable cross-border experience handling mandates that concern the US Bankruptcy Code. The team advises debtors, receivers and court-appointed monitors on bankruptcies and receiverships across various industries, including oil and gas, retail, agriculture and financial services. It also regularly acts as counsel to several major Canadian banks.

Work Highlights

  • Gowling WLG represented Myra Falls Mine Ltd. in connection with its insolvency proceedings pursuant to the CCAA.

Strengths

Provided by Chambers

Notable Practitioners

Provided by Chambers

Clifton Prophet
4
Clifton Prophet
4
Band 4
Clifton Prophet heads the firm's financial institutions litigation group. He has a broad range of experience in major insolvency proceedings.

Clifton is a strong practitioner who is very practical and easy to work with.

He's a fantastic litigator.

Clifton is very strategic and a great problem-solver.

Virginie Gauthier
4
Virginie Gauthier
4
Band 4
Toronto-based Virginie Gauthier has a broad practice which includes offering advice to information officers, debtors and financial institutions on an array of high-stakes insolvency matters.

She is very personable, knows her stuff and has good experience.

Virginie is always available, knows the market very well and is very pleasant to work with.

She provides exceptional advice and is an effective communicator and strong advocate.

David F W Cohen
5
David F W Cohen
5
Band 5

David Cohen has a financial sector focus, leading the financial institutions and services practice within Gowling, and regularly acts for lenders on restructuring and insolvency matters.

He is very creative and understands our business and what we want to achieve. He is able to provide extensive options for solutions we are trying to pursue.

David is a strong practitioner who is very creative in tough situations.

Thomas Cumming
6
Thomas Cumming
6
Band 6
Thomas Cumming leads the Gowling WLG restructuring and insolvency group in Calgary. He assists creditors and debtors, among others, with CCAA proceedings.

Thomas is brilliant and technically strong.

Ranked Lawyers at
Gowling WLG (Canada) LLP

Provided by Chambers
Filter by
Band

Nationwide - Canada

Restructuring/Insolvency

Clifton Prophet
4
Clifton Prophet
4
Band 4
Virginie Gauthier
4
Virginie Gauthier
4
Band 4
David F W Cohen
5
David F W Cohen
5
Band 5
Thomas Cumming
6
Thomas Cumming
6
Band 6

Members

Provided by Gowling WLG (Canada) LLP

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Provided by Gowling WLG (Canada) LLP

Aerospace & Defence

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