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.
"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.