Ilia Kravtsov

Ilia Kravtsov

Associate, Insolvency and Restructuring | Litigation

Contact Information

ikravtsov@osler.com

tel: 514.904.5385

Office

Montréal

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Areas of Expertise

Bar Admission

Québec, 2016

Ontario, 2021

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)

Language(s)

Russian, French, English

Ilia is cross-appointed to the Insolvency & Restructuring Group and the Litigation Department. 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.

    • The Just For Laughs Groups and its affiliates in their restructuring proceedings under the Companies’ Creditors Arrangement Act
    • 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
    • Ernst & Young as court-appointed Monitor of the Zenabis group and its sale to SNDL
    • 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
    • Modasuite Inc., in the sale of its assets under the Bankruptcy and Insolvency Act and the successful restructuring of the Frank and Oak brand
    • 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
    • Deloitte Restructuring Inc. in the proceedings of Stornoway Diamond Corporation and affiliated entities under the Companies' Creditors Arrangement Act
    • 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

  • 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

  • Canadian Association of Insolvency and Restructuring Professionals Montreal 2024 Forum

    Speaker, La responsabilité des administrateurs à l’aune de l’insolvabilité, April 8, 2024

  • 17th Annual CBA National Insolvency Law Conference

    Conference Chair, Montréal, September 29, 2023

  • Financement et Sûretés : Financement de la propriété intellectuelle : tendances du marché et enjeux juridiques

    Speaker, Open Forum Ouvert – Journée stratégique, January 26, 2022

  • Bilan annuel en matière de faillite et insolvabilité

    Speaker, "Conférence-phare annuelle : revue des décisions marquantes de la dernière année", Montréal and Québec City, November 18 (Mtl) and 27 (Québec City), 2019

  • CBA Insolvency Law Conference

    Speaker, Mid-market commercial insolvency update and cross-country report, Banff, November 8, 2019

  • Luncheon presented by TMA-Montréal: Sautez sur la prochaine courbe

    Moderator, Interview with Jean-Marc de Jonghe, VP Digital Products, La Presse, Montréal, October 15, 2019

  • Turnaround Management Association: Recent Jurisprudence Review

    Speaker, Montréal, June 13, 2019

  • 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

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

  • “Court of Queen’s Bench of Alberta concurrently approves a sales process and the transaction proposed by the stalking horse bidder”, National Creditor Debtor Review, Vol. 37, No. 2, June 2022 (with Randal Van de Mosselaer and Emily Paplawski).

  • ““Hello, Bonjour”: Analysis of the Use of French in CCAA Proceedings”, 19th Annual Review of Insolvency Law - December 2021 (with Julien Morissette). 

  • “Being a Good Sport – A Comparative Analysis of Good Faith as a Statutory Obligation in Insolvency Proceedings”, 18th Annual Review of Insolvency Law 254, 2020 (with Julien Morissette and Cristina Cosneanu).

  • “Pre- and Post- Set-Off in Insolvency Proceedings: Québec Court of Appeal Extends the Set-Off Limitations to Debt Resulting from Fraud”, National Creditor Debtor Review, Vol. 35, No. 3, September 2020.

  • “Two-Year Anniversary of the Bloom Lake / Wabush CCAA Filing: Challenges and Lessons”,  Journal of Insolvency in Canada, Vol. 6, p. 43, 2017 (with Bernard Boucher).

  • “Deemed Trusts under the Excise Tax Act: Secured Creditors Beware”,  National Creditor Debtor Review, Vol. 32, No. 3, September 2017.