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Michael S. Shakra

Partner

Partner | Email

T: 416.777.6236

Email

Toronto

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Shakra Mike
 
  • Recent Experience
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T: 416.777.6236


Email

Toronto

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  • Education
  • Bar Admissions
  • Recent Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services
  • Recent Experience
  • Recent Recognition
  • Insights, News & Events
  • Related Services

Michael Shakra practices commercial law with an emphasis on insolvency, restructuring, recapitalizations, private workouts, secured transactions and enforcement of debtor and creditor rights. He has significant experience in complex cross-border matters across a number of industries, including oil and gas, cannabis, construction, investment funds, retail and manufacturing. Michael also provides strategic and risk mitigation advice on corporate lending transactions.

Chambers Canada

"Michael Shakra is a rising star in the insolvency market. His practice exhibits strength in domestic and cross-border restructurings across a number of industries."

Prior to his call to the Bar, Michael spent time as a Short-Term Consultant with Debt Resolution and Business Exit Group of the International Finance Corporation and the World Bank Group in Washington D.C.

Michael's public mandates have included:

For Debtors: Sears Canada, Stoneway Capital Corporation; Calfrac Well Services; MPX International Corporation; FIGR Brands Inc.; Stone Investment Group; Bonavista Energy Corporation; Bumble Bee/Clover Leaf Seafoods; JWC Cannabis; PharmHouse Inc.; Muskoka Grown Inc.; Tervita Corporation; Payless ShoeSource Canada; BCBG Max Azria Canada Inc., Atlas Global Healthcare; Express Fashion Apparel Canada; Bondfield Construction Company; Coopers & Lybrand Chartered Accountants; and Coupgon Inc.

For Lenders / Bondholders: Jack Cooper Transport; Bellatrix Exploration; Connacher Oil and Gas; NCSG Crane & Heavy Haul; Entrec Corporation; U.S. Steel Canada Inc.; Natural Energy Systems Inc.; Stuart Olson Inc.; Concordia International Corp.; and Curative Cannabis.

For Estate Fiduciaries / Court Appointed Trustees and Monitors: Bridging Finance (Representative Counsel to Unitholders); Nortel Networks (counsel to UK Pension Claimants); Superette Inc.; Wayland Group; Golf Town Canada; and Payless ShoeSource Canada.

Education

York University, BA Western University, JD, 2012

Bar Admissions

Ontario, 2013

Recent Experience

The initial consenting senior unsecured noteholders in Bellatrix's recapitalization pursuant to the CBCA.
Atlas Global Healthcare Ltd., in its receivership proceedings and various financing related matters.
Sears Canada Inc., in its insolvency proceedings and liquidation under the CCAA.
Express Fashion Apparel Canada, in its insolvency proceedings and liquidation under the CCAA.
Insolvency counsel to the City of Toronto in Carillion Canada's CCAA proceedings.
The stalking horse bidder in the BIA proposal proceedings of VersAccounts Limited.
Bondfield Construction Company, in various insolvency and financing related matters.
Tervita Corporation, completes $3.5-billion recapitalization transaction under the Canada Business Corporations Act.
FTI in its role as Monitor in the CCAA proceedings of Golf Town.
Payless ShoeSource Canada, in its Chapter 11 recognition proceedings under the CCAA.
Nortel Networks UK Pension Trust Limited and the Board of the Pension Protection Fund as the largest aggregate creditor in the global insolvency proceedings of Nortel Networks Corporation.
United States Steel Corporation, the global parent and largest secured and unsecured creditor of U. S. Steel Canada Inc. in U. S. Steel Canada Inc.’s CCAA proceedings.
Coopers & Lybrand Chartered Accountants and related corporations and partnerships in their CCAA proceedings.
Coupgon Inc. in its proposal and restructuring proceedings under the BIA and the CBCA.

Recent Recognition

Chambers Canada
Ranked Up & Coming, Restructuring/Insolvency
Best Lawyers in Canada
Ones to Watch, Insolvency and Financial Restructuring Law

Insights, News & Events

Blog

Stoneway: Use of the CBCA as a Cross-Border Restructuring Tool

May 30, 2022
       

Announcements

Bennett Jones' Best Lawyers in Canada 2022

August 26, 2021
       

Announcements

Bennett Jones Welcomes Nine New Partners

March 08, 2021
       

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Commercial Transactions
Restructuring & Insolvency
Banks & Financial Institutions
Capital Markets
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