Ilia Kravtsov

Associate, Insolvency and Restructuring | Disputes

Montréal

(514) 904-5385 

[email protected]

Bar Admission: Québec, 2016 | Ontario, 2021 |

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Areas of Expertise

Ilia is cross-appointed to the Insolvency & Restructuring and the Disputes Departments. His practice involves corporate, commercial and civil litigation, with a particular focus and expertise on restructuring and insolvency and extraordinary proceedings. Ilia regularly represents debtors, creditors and appointed court officers in restructuring and insolvency matters before the courts. He is regularly called upon to enforce and provide advice regarding rights of lenders and other secured creditors. Ilia also represents a wide range of national and foreign clients in disputes involving complex commercial and contractual issues, including in the field of commercial real estate.

He has appeared before every level of court in Québec, and before the Commercial List in Ontario. Ilia is recognized by his clients for his leadership and his practical and strategic advice. Ilia’s strong vulgarization skills led him to speak at numerous insolvency and restructuring conferences and to teach civil evidence at the École du Barreau du Québec. He is fluent in English, French and Russian (view Ilia’s Russian LinkedIn profile). Ilia is heavily involved in the restructuring community and the legal community generally, through his active participation in several associations and committees, including the Canadian Bar Association, the Turnaround Management Association, the Advocates’ Society and the Equivalence committe of the Barreau du Québec. Ilia is also committed to helping the immigrant community through his pro-bono work with the Centre d'appui aux communautés immigrantes (CACI). Before his legal studies, Ilia worked in a molecular mycology research laboratory, where he co-authored several publications in high-impact peer-reviewed journals. His experience in science helps Ilia to resolve the most complex legal issues with a logical and cartesian approach.

Areas of Expertise

Representative Work

  • Aviation Starlink Inc.

    Aviation Starlink Inc. and its affiliates in the acquisition of certain assets of affiliates of Chrono Aviation Inc., and related equity investment and debt financing

  • The Just for Laughs Group

    The Just for Laughs Group and its affiliates in their restructuring proceedings and successful sale under the Companies’ Creditors Arrangement Act

  • Xebec Adsorption Group

    The Xebec Group in its cross-border restructuring and eleven plans of arrangement under the Companies’ Creditors Arrangement Act

  • Ernst & Young

    Ernst & Young as court-appointed Monitor of the Zenabis group and its sale to SNDL

  • TELUS Health Solutions Inc.

    TELUS Health Solutions Inc. in connection with the restructuring of ChronoMétriq Inc. and Health Myself Innovations Inc.

  • Frank and Oak

    Modasuite Inc., doing business as Frank and Oak completes sale transaction

  • Veolia Health Operating Services

    Veolia Health Operating Services in the design-build defect claims against the constructors of the new Centre Hospitalier de l’Université de Montréal

  • Deloitte Restructuring Inc.

    Deloitte Restructuring Inc. in the CCAA Proceedings of Stornoway Diamond Corporation and affiliated entities (in 2013 and 2023)

  • Ernst & Young as court-appointed Monitor of IntelGenx Corp. and IntelGenx Technologies Corp
  • PricewaterhouseCoopers Inc. in its capacity as trustee in bankruptcy and receiver of the assets of Résidences Floralie in the sale of their assets under the Bankruptcy and Insolvency Act
  • The Bank of Montréal, in its capacity as agent for the lending syndicate of senior lenders of Goli Nutrition Inc. and its affiliate in their restructuring proceedings under the Companies’ Creditors Arrangement Act and Chapter 15 proceedings under the US Bankruptcy Code
  • Groupe Airmédic Inc. and its affiliates in their restructuring proceedings under the Companies’ Creditors Arrangement Act
  • Xebec Adsorption Inc. and its US and Canadian affiliates in their restructuring proceedings under the Companies’ Creditors Arrangement Act and Chapter 15 proceedings under the US Bankruptcy Code
  • TELUS Health Solutions Inc. in connection with the restructuring of ChronoMétriq Inc. and Health Myself Innovations Inc.
  • Veolia Health Operating Services in the design-build defect claims against the constructors of the new Centre Hospitalier de l’Université de Montréal
  • Reitmans (Canada) Limited, acting for Ernst & Young Inc. in its capacity as CCAA Monitor
  • Le Château Inc., acting for PricewaterhouseCoopers Inc. in its capacity as CCAA Monitor
  • Stokes Inc. in its restructuring in the context of a Notice of Intention to make a Proposal under the Bankruptcy and Insolvency Act
  • Deloitte Restructuring Inc. in its capacity as proposal trustee in the proceedings of the Bouclair Inc. and Bouclair International Inc. under the Bankruptcy and Insolvency Act
  • The Laurentian Bank of Canada in various restructuring matters
  • Bloom Lake General Partner Limited and various affiliates in their insolvency proceedings under the Companies’ Creditors Arrangement Act in respect of the closures of two of the largest iron ore mines in Canada
  • Restaurants Girorgio (Amérique) ltée in the sale of their assets and assignment of franchise agreements in the context of a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act
  • Komatsu International (Canada) Inc. in the enforcement of security and product liability actions in the Superior Court of Québec
  • Bioamber Canada Inc. and various affiliates in their insolvency proceedings under the Companies’ Creditors Arrangement Act
  • KPMG Inc. in its capacity as Monitor in the proceedings of Gestion Maison Éthier inc. under the Companies’ Creditors Arrangement Act
  • Deloitte Restructuring Inc. in its capacity as Receiver to the assets of Transport Médicar
  • Station Mont-Tremblant, Société en commandite, in a litigation involving characterization of contracts before the Superior Court of Québec and the Québec Court of Appeal
View all Representative Work

Awards and Recognition

  • Best Lawyers: Recognized as “One to Watch” in Corporate and Commercial Litigation; Insolvency and Financial Restructuring Law
  • Runner-up: category “Implication sociale et pro-bono,” Gala les Leaders de Demain, Young Bar of Montreal, 2018
  • Finalist of the International Commercial Arbitration Paris Moot, École de droit SciencesPo, Paris, 2015

Community Involvement

  • Corporate Secretary and president of the Governance Committee of Centre d’appui aux communautés immigrantes (CACI), a not-for-profit organization with a mission to accompany newly arrived immigrants with their settlement process and integration into the host society.
  • Member of the Statutory Equivalence Committee of the Québec Bar.
  • Ilia regularly gives legal workshops to high-school students within the Éducaloi program

Credentials

Education

  • University of Oxford, MJur
  • Université Laval, LL.B. (Dean’s Honour List)
  • LSE, Intellectual Property and Cyberlaw Courses
  • McGill University, B.Sc. (Microbiology & Immunology)

Languages

  • Russian
  • French
  • English

Professional Affiliations

  • The Montréal Bar
  • The Young Bar Association of Montréal
  • Canadian Bar Association, member of the Quebec Bankruptcy and Insolvency Executive Committee and Vice-Chair of the National Bankruptcy and Insolvency executive committee
  • The Turnaround Management Association, member of the NexGen board in Montreal
  • The Advocates’ Society

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