
Restructuring/Insolvency
Canada Guide 2026 : Nationwide - Canada
Rankings

Ranked Individuals
Ranked Individuals
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
Industries (26)
- Aerospace & Defence
- Automobiles & Parts
- Banks
- Chemicals
- Commercial & Professional Services
- Construction & Materials
- Consumer Product Manufacturing
- Education
- Energy
- Financial Services
- Food & Drink Producers
- Forestry & Paper
- Government
- Healthcare
- Mining & Metals
- Pharmaceuticals & Life Sciences
- Private Client / Individuals
- Real Estate Finance
- Real Estate
- Retail
- Software & Computer Services
- Sports
- Technology, Hardware & Electronics
- Telecommunications
- Travel & Leisure
- Utilities
Chambers Review
Provided by Chambers
Work Highlights
Provided by Chambers
Gowling WLG represented Myra Falls Mine Ltd. in connection with its insolvency proceedings pursuant to the CCAA.
Strengths
Provided by Chambers
There is no question that Gowling can handle the most complex corporate restructuring matters.
Restructuring/Insolvency respondentCanadaGowling is highly experienced, innovative and offers creative recommendations during negotiations.
Restructuring/Insolvency respondentCanada
Notable Practitioners
Provided by Chambers
Band 4 
Band 4 
Clifton Prophet
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.
Restructuring/Insolvency respondentCanadaHe's a fantastic litigator.
Restructuring/Insolvency respondentCanadaClifton is very strategic and a great problem-solver.
Restructuring/Insolvency respondentCanada
Band 4 
Band 4 
Virginie Gauthier
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.
Restructuring/Insolvency respondentCanadaVirginie is always available, knows the market very well and is very pleasant to work with.
Restructuring/Insolvency respondentCanadaShe provides exceptional advice and is an effective communicator and strong advocate.
Restructuring/Insolvency respondentCanada
Band 5 
Band 5 
David F W Cohen
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.
Restructuring/Insolvency respondentCanadaDavid is a strong practitioner who is very creative in tough situations.
Restructuring/Insolvency respondentCanada
Band 6 
Band 6 
Thomas Cumming
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.
Restructuring/Insolvency respondentCanada
Ranked Individuals at Gowling WLG (Canada) LLP (4)
Members
Provided by Gowling WLG (Canada) LLP

Thomas Cumming
View profile of Thomas Cumming
David F W Cohen
View profile of David F W Cohen
Virginie Gauthier
View profile of Virginie Gauthier
Clifton Prophet
View profile of Clifton Prophet
Gowling WLG (Canada) LLP has rankings in the following guides
Band 4 Global 2026
Practice area: Restructuring/Insolvency
Location: Canada
View department profile for Global 2026
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