199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1994 (ON)
Elizabeth (Liz) Pillon is a partner in the litigation and dispute resolution group and head of the restructuring and insolvency group in the Toronto office. Her practice focuses on commercial litigation with an emphasis on complex and contentious restructuring and insolvency matters. She brings over 20 years’ experience to her restructuring and insolvency practice, which includes corporate statutory restructurings, Companies’ Creditors Arrangement Act (CCAA), receivership, and bankruptcy proceedings, as well as cross-border and global insolvency and restructuring proceedings. She has played a role in many of the most high-profile restructuring and insolvency matters and is highly regarded by clients and peers as an advisor who can devise optimal solutions for clients in complex domestic and international situations. She has advised on precedent-setting matters while representing debtors, monitors, receivers, trustees, secured creditors, and purchasers of assets from insolvent estates, across multiple industries, including automotive, cryptocurrency, education, energy, healthcare, insurance, manufacturing, mining, pulp and paper, real estate, retail, telecommunications, and transportation.
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.
In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.
Stikeman Elliott is acting as Canadian counsel to Castings Acquisition Corp., an affiliate company of The Carlyle Group, a major private investment fund based in Washington, D.C., in its proposed acquisition (by way of plan of arrangement), of all of the outstanding common shares of Tritech Precision Inc. and all of the outstanding Class A common shares of Trimin Enterprises Inc.
