Insolvency 2025

CANADA Trends and Developments

Trends and Developments Contributed by: Larry Ellis, Kyla Mahar, James Reid and Pavin Takhar Miller Thomson LLP

Miller Thomson LLP is a national business law firm with approximately 500 lawyers across five provinces in Canada, in offices in Vancouver, Calgary, Edmon - ton, Regina, Saskatoon, London, Waterloo Region, Toronto, Vaughan and Montréal. It offers the full range of services in litigation and disputes, and provides

business law expertise in mergers and acquisitions, corporate finance and securities, financial services, tax, restructuring and insolvency, trade, real estate, labour and employment, and a host of other specialty areas. Clients rely on Miller Thomson lawyers to pro - vide practical advice and exceptional value.

Authors

Larry Ellis is the leader of the restructuring and insolvency group at Miller Thomson. He has extensive experience in both the litigation and commercial aspects of corporate restructurings, bankruptcies,

James Reid is a partner at Miller Thomson whose practice involves all aspects of corporate restructuring and insolvency law. He regularly advises clients on reorganisations pursuant to Canadian insolvency

receiverships, workouts and enforcements of creditors’ rights and remedies. He represents a number of different parties, including purchasers, secured and unsecured creditors, receivers, debtors, monitors, trustees and lending syndicates.

statutes, corporate arrangements, receiverships, bankruptcies, security reviews and enforcement proceedings. He frequently represents debtor companies, secured and unsecured creditors, plan or proposal sponsors, purchasers and court officers in domestic and cross-border cases. James strives to work collaboratively with clients, stakeholders and other counsel to find practical, effective and positive solutions to difficult insolvency situations.

Kyla Mahar is a partner at Miller Thomson. Her practice focuses on corporate restructuring, insolvency, recapitalisations, refinancing, distressed acquisitions and the enforcement of creditors’ rights. Her

Pavin Takhar is a senior associate at Miller Thomson. She has a practice that focuses on corporate restructuring, insolvency law and enforcement of creditors’ rights. She has acted as counsel for debtor

roles include acting as counsel for debtors, monitors, receivers, trustees, DIP lenders, bondholders, financial institutions and other creditors. Kyla is a creative thinker and her experience spans a wide range of industries, including banking and financial services, technology, energy, steel, mining, maritime, automotive, media and publishing.

companies, secured and other creditors, and court officers in CCAAs, BIA proposals and receiverships. Pavin has been involved in significant restructurings spanning a wide range of industries, including oil and gas, transportation and logistics, retail and automotive.

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