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 & 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 restructuring and insolvency matters. Liz’s restructuring and insolvency practice involves Ontario-based restructurings, Companies’ Creditors Arrangement Act (CCAA), Receivership and Bankruptcy proceedings, as well as cross-border insolvency proceedings. She has represented debtors, monitors, receivers, trustees in bankruptcy, secured creditors, and purchasers of assets from insolvent estates, and has been appointed by the Court to act as representative and independent counsel in restructuring proceedings. Liz frequently appears before the Ontario Superior Court (Commercial List) as well as the Ontario Court of Appeal. She has also appeared before the Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, and Québec Courts in restructuring matters.
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.
