Steven  Golick

Steven Golick, Partner, Insolvency & Restructuring

Contact Information

  • tel: 416.862.6704
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Areas of Expertise

Bar Admission

Ontario, 1985 ; New York, 1983

Education

  • McGill University, B.C.L.
  • McGill University, LL.B.
  • Concordia University, B. Comm.

Office

Toronto

Language(s)

English

Biography

Steven Golick is a senior partner in the insolvency and restructuring group of Osler, Hoskin & Harcourt. He practises in the areas of bankruptcy, insolvency, debtor/creditor, secured transactions, workouts and restructurings. He advises financial institutions, trustees/receivers, secured and unsecured creditors, debtors and purchasers. He acted as adviser to the federal government on amendments to the Bankruptcy and Insolvency Act enacted in 1992 and 1997.

Notable Matters

  • General Motors Canada Limited – acted for lead insolvency counsel for General Motors Canada Limited in its successful out of court restructuring in coordination with US Chapter 11 restructuring of General Motors Corp.
  • Ashton Wood Homes – Advisor to equity holders in successful out of court restructuring of largest private home builder in the U.S.
  • SEM Group of Companies – represented the senior lender and facility provider in successful cross-border CCAA restructuring.
  • ABCP – engaged regarding various interests in restructuring of $32 billion asset backed commercial paper industry in Canada.
  • Air Canada – acted for General Electric Capital Corporation in connection with $650 million US DIP facility and successful CCAA restructuring of Air Canada.
  • Quebecor World– acted for purchaser of significant overseas interests.
  • Ottawa Senators – acted for senior lender in connection with successful restructuring of Ottawa Senators hockey franchise.
  • Pope & Talbot – acted for senior secured lender in connection with cross-border insolvency of a series of mills.

Affiliations

  • Globalinsolvency.com, Editor-In-Chief
  • INSOL International, member of the editorial board of Electronic Newsletter, past Member of the Board of Directors, past Chair of Web Committee
  • American Bankruptcy Institute, past Director, past Vice President - International, past Member of the Executive Committee, past Co-Chair of the International Committee and past Chair of the Commercial Fraud Task Force
  • Insolvency Institute of Canada
  • Canadian Bar Association - Ontario, Past Chair of the Insolvency section, past Managing Editor of the section’s newsletter, past member of the Executive

Industry Recognition

  • Chambers Global: The World’s Leading Business Lawyers 2014: Restructuring/Insolvency
  • The Best Lawyers in Canada 2014: Insolvency & Financial Restructuring
  • IFLR 1000: Guide to the World’s Leading Insolvency & Restructuring Lawyers
  • International Who’s Who Legal 2012:  Insolvency & Restructuring
  • The Canadian Legal Lexpert Directory 2014: Insolvency & Financial Restructuring
  • Expert Guides: The Legal Media Group Guides to the World’s Leading Lawyers 2010: Insolvency & Restructuring

Publications/Events/Education

Steven is the co-author of several publications, including Guide to Ontario Personal Property Security (a looseleaf service published by Carswell), The Canadian Credit Handbook (published by McGraw-Hill Ryerson Limited), a chapter in Canadian Bankruptcy and Insolvency Law – Bill C-55, Statute c. 47 and Beyond (published by Lexis NexisButterworths), a chapter in Cross-Border Insolvency: A Commentary on the UNCITRAL Model Law (published by Globe Law and Business), Business Bankruptcy Acquisitions (published by ABI) and course handbooks for the Canadian Credit Institute.  Steven is a regular contributor to numerous publications, and is a speaker and panellist at conferences and seminars.

Pro Bono/Community Work

  • Kids Help Phone, Director, Secretary and Co-Founder – Kids Help Phone is Canada’s only toll-free, 24-hour, free, bilingual and anonymous phone counselling, referral and Internet service for children and youth. Every day, professional counsellors provide immediate, caring support to young people in urban and rural communities across the country.
  • Kids Help Foundation, Director and Secretary