President's Message

I want to thank all of you who participated in our recent survey on CAIRP’s new strategic plan. Your views are essential in making the changes we need to make CAIRP more relevant and stronger than ever.

We need the best ideas we can in order to renew the Association for the future. That is why we are consulting more widely than ever in developing our new plan. We have already held consultations with all of the provincial associations, with representatives of both consumer and corporate trustees, with other professional associations and academics, as well with insolvency associations in other countries.

We are going to every effort to make sure our new strategic plan charts a bright future for CAIRP.

- Mark Yakabuski, CAIRP President and Chief Operating Officer

CAIRP Annual Conference: Let’s Celebrate Montréal!

On the eve of its 375th anniversary celebrations, Montréal is excited to welcome you this summer. In this cultural metropolis, which is also Canada’s second-largest financial centre, you will be able to reconnect with the past. As you wind your way through the streets of Old Montréal, history will come alive through projections on buildings and trees, showing how Montréal shaped its unique character as the largest Francophone city in North America.

The agenda for the most enjoyable and educational three days in insolvency and restructuring is available on the CAIRP website.

Book your hotel room at the Hyatt Regency Montréal. To register for the Annual Conference, please click HERE.

CAIRP Educational Forums 2016

By Bea Casey, Director, CAIRP Education Programs

In April and May, CAIRP hit the road for the annual Insolvency and Restructuring Forums as part of our continuing education program.

We made this year’s program more interactive by using live polling technology during the entertaining Mock Creditors Meeting, the consumer breakout titled “Silence of the Act” and the Unique Asset sessions.

Attendees were asked to answer a series of multiple-choice questions posed by our panelists, and with responses calculated “live”, were then able to debate and discuss with their peers.

We also took great care to ensure that the program was tailored to each province. The corporate breakout sessions dealt with “hot topics” relevant to our members, and each Forum also had its own keynote speaker. From Mrs. Elaine Zakaïb, who spoke in Montreal on April 11 about her experience as Chief Financial Officer for a company experiencing financial difficulties, to Don White, Executive Vice-President at Colliers International, who provided a lively real estate leasing and investment market review at our Winnipeg Forum, we received positive feedback from members who appreciated the engaging presentations on topics that were important to them and their practices.

As always, the Forums remain a great opportunity to obtain relevant PD hours and to keep in touch with CAIRP members and the Association.

“The CAIRP annual forums were held in 5 cities this year along with the new initiative, the CAIRP Exchange which was held in Toronto in Mid-May,” said Kim Burke, Chair of the Continuing Education Committee.

“All events were well attended, with some cities having record registrations. In order to make the sessions more interactive, polling devices were introduced for the first time and this proved to be a successful venture,” she added.

“Attendees were treated to a session involving a mock creditors meeting as well as a session asking for points of view on best practices along with the annual legal technical update. Thanks to all involved.”

The Commercial Program and Toronto Forum were combined to provide a brand new addition to the continuing education program – CAIRP’s Insolvency and Restructuring Exchange on May 19.

Inspired by the evolving landscape of the insolvency industry, the Commercial Program Committee and members from the Continuing Education Committee set out to develop an ambitious program that would revolve around three learning streams: large corporate, mid-market and consumer.

As Brad Newton, Chair of the Commercial Program Committee notes, the organizers set out to ensure that there was a variety for the attendants in providing the different break-out sessions and that topics were current and informative.

The event featured three outstanding keynote speakers. Benjamin Tal, Deputy Chief Economist at CIBC World Markets Inc., captured the audience’s attention as our first keynote speaker of the day with his informative and entertaining insight into the current and future major economic trends around the globe and their impact on the Canadian economy. After lunch, Scott Stewart, CEO of IBI Group Inc., provided his perspective on what happened at IBI and how the company came back from the brink. Lastly, Paul Beeston, former President and CEO of the Toronto Blue Jays, ended the day with tales of what it took to turn the baseball team into World Series champions in 1992 and 1993 and brought a unique and interesting insight into the Blue Jays back office and Major League Baseball.

As always, the annual Insolvency and Restructuring Forums, and now, the CAIRP Exchange, mark a busy time for the Association. We continue to work hard to provide interesting and relevant educational sessions for our members. See you next year!

Education Updates

ICQC Registration

The registration for the Insolvency Counsellor’s Qualification Course (ICQC) started July 4 and will continue until September 30. The exam will be held on January 19, 2017. The ICQC information package with details on registration can be found here.

CQP Dates

August 29
 - Assignment marks submission deadline, for candidates writing the Core Knowledge Exam in September 2016
September 21 to 26 - 2016 CNIE Insolvency Tutorial Session
September 29 - Core Knowledge Exam (2nd session)
September 30 - Assignment marks submission deadline, for candidates writing the CNIE in October 2016


2015 Jack Biddell Gold Medal Winner

Kristi Stuart, CIRP, of Grant Thornton Ltd. in Saint John, NB, was named recipient of the 2015 Jack Biddell Gold Medal. This medal is awarded in recognition of achievement in obtaining the highest level of competence in the country on the 2015 National Insolvency Exam.

The Jack Biddell Gold Medal is graciously donated by Ernst & Young Inc.

10th Annual Lloyd Houlden Fellowship

The 10th Annual Lloyd Houlden Fellowship has been awarded to Isabel Langlois, an associate at the Calgary office of Norton Rose Fulbright Canada LLP. She was called to the Bar in the Province of Alberta in 2015 and holds a Master of Laws from the University of Toronto, a Bachelor of Laws (Hons.) from the University of Leicester, England, and a Bachelor of Arts from Memorial University.

Ms. Langlois’ research paper will provide an overview of the origin of common law trusts, outline the historical evolution of statutory trusts, and identify current inconsistencies and issues in the jurisprudence.

Member Updates

New Life Associates since February 2015

William Assini, David M. Bromwich, Bernard Brunet, Bradley Butcher, Bob Chapman, Michael Cheevers, Brian Deazeley, Jerry Gaertner, Bruce Gandossi, Claude Gilbert, Dan Girardi, Paul Goodman, George Gutfreund, Richard Harris, David Alan Harwood, Chee-Kong Leong, Timothy Ludwig, Greg MacKenzie, Donald MacLean, Philip Manel, Uwe Manski, Alexander Gordon May, Darryl McConnell, Jeff Meilach, Franklin Clifford Miller, Leonard (Leon) Miller, Richard Morawetz, Ronald Nordstrom, Valerie Norrish, Norman Kenneth Peake, Karen Marie Rideout, Jennifer Rorison, Robert Sanderson, Sylvain Vincent, Yves Vincent, Norma Ilene Yau, Clyde Yorke

New Members since February 2015

Krista Asher, Bromwich & Smith Inc.; Michael Basso, FTI Consulting Canada Inc.; Benoit Beauséjour, Desjardins; Joshua Beaver, Grant Thornton Ltd.; Mathieu Bergeron, Ernst & Young Inc.; Nirmala Bhaskar, Farber Financial Group; Brian Blanchard, Exelby & Partners Ltd.; Patrick Bloomfield, Rusinek & Associates Inc.; Yannick Bourassa-Milot, Raymond Chabot Grant Thornton Inc.; Chris Bowra, The Bowra Group Inc.; Olivier Boyd, Blumer Lapointe Tull & Associés Syndics; Valérie Bruneau, Ginsberg, Gingras & Associés Inc.; Jasmin Calyniuk, Deloitte Restructuring Inc.; Garrett Chan, Deloitte Restructuring Inc.; Vicki Chan, Alvarez & Marsal Canada ULC; Shannon Desaulniers, Surgeson Carson Associates Inc.; Raheman Dhanani - A. Farber & Partners Inc; Pierre-Olivier Dubois, Ginsberg, Gingras & Associés Inc.; Stefan DuChene, Hudson & Company Insolvency Trustees Inc; Gillian Goldblatt, msi Spergel inc.; YiFei (Fiona) Han, Ernst & Young Inc.; Adam Hutchens, CIBC; Karen Johnson, MNP Ltd.; Julie Kennedy, MNP Ltd.; Augustine Kwok, MNP Ltd.; Kiu Lau, Grant Thornton, Ltd.; Piu Lam Law, KPMG Inc.; Na (Jenna) Li, Kunjar Sharma & Associates Inc.; Vanessa Blaire MacNeil, Grant Thornton Ltd.; Dana MacRae;  Patricia Marshall, Pwc Inc.;  Samuel Masse-Gignac, Lemieux Nolet; Harry Ouaknin, MNP Ltd.; Holly Palmer, Grant Thornton UK LLP; Nadia Paradis, Raymond Chabot Inc.; Cassie Poon, Faber Inc.; Colin Prentice; Jeffrey Price, Hudson & Company Insolvency Trustees Inc.; Colleen Prieur, BDO Canada Ltd.; Tanya Reynolds, MNP Ltd.; Frédéric Richard, Raymond Chabot Inc.; Christopher Rowan, Ken Rowan & Associates Inc.; Richard Sklar, David Sklar & Associates Inc.; Sherry Lynn Solomon, Rumanek & Company Ltd; Kristi Stuart, Grant Thornton Ltd.; Eric Tadros, PricewaterhouseCoopers Inc.; Dawn Walby-Parchoma, PricewaterhouseCoopers; Igal Wizman, Ernst & Young Inc.; Chad Zizzo, A. Farber and Partners Inc.


Don’t forget to check out the latest articles on a range of insolvency and restructuring topics on CAIRPblog! You can access it at:

Canadian Association of Insolvency and Restructuring Professionals
277 Wellington Street West, Toronto, ON M5V 3H2
Phone 416.204.3242 | Fax 416.204.3410 | Email: