Max is an insolvency lawyer and commercial litigator: he manages clients’ problems, so that their problems don’t manage them. He starts by identifying client objectives and issues, and develops a strategy for success based upon the identification of allies in the case, building consensus, and realistic litigation objectives.
Having spent nearly 20 years working on insolvency cases, he is keenly aware of the issues raised by real-time, multi-stakeholder litigation, and that while fights are often necessary, a court judgment is not always a complete solution.
Education
- University of Toronto, LL.B., 1996
- Concordia University, B.A. (Hons.) Economics, 1993
Professional Affiliations
- Ontario Bar Association, Insolvency Section
- Turnaround Management Association
Representative Work
Max has acted in a wide variety of restructuring and insolvency cases, including cross-border, private and court-supervised debt workouts and restructurings, receiverships, bankruptcies, winding-ups, secured transaction and priority disputes. Max has also represented participants in more generalized civil and commercial litigation, including shareholder and partnership disputes and securities related litigation.
Recent engagements of note include:
- representing the Superintendent of Financial Services of Ontario in the Companies’ Creditors Arrangement Act (“CCAA”) restructuring of Nortel Networks Corporation and its subsidiaries;
- representing an ad hoc committee of securities holders, including a number of representative plaintiffs having claims against Sino-Forest Corporation and its directors, officers, auditors and underwriters, in connection with the CCAA restructuring of that company;
- representing the administrator of the pension plans of NewPage Port Hawkesbury Corporation, in connection with the CCAA restructuring of that company;
- representing a number of dissident note-holders opposed to the restructuring of Canada’s non-bank asset backed commercial paper market;
- representing the United Steelworkers in insolvency proceedings in respect of, among others, Terrace Bay Pulp Inc., Marathon Pulp Inc., Amcan Consolidated Technologies Corp, Collins & Aikman Automotive Inc. and Hamilton Specialty Bar Corporation;
- appearing before the Supreme Court of Canada on behalf of the Canadian Federation of Pensioners, in connection with the insolvency of Indalex Limited;
- representing the proposed representative plaintiffs in a franchise class action against Shoppers Drug Mart; and,
- appearing before the Supreme Court of Canada in the Canadian Securities Act reference, on behalf of the Canadian Foundation for the Advancement of Investor Rights.
Awards and Honours
Recognized Best Lawyers in Canada - Insolvency and Financial Restructuring Law
Recognized by the 2020 Canadian Legal Lexpert Directory as Repeatedly Recommended - Insolvency & Financial Restructuring - Insolvency Litigation
Recognized by Benchmark Litigation as 2020 Litigation Star
Recognized in the 2019 Canadian Legal Lexpert Directory as Repeatedly Recommended - Insolvency & Financial Restructuring - Insolvency Litigation
Recognized by Benchmark Litigation as 2019 Litigation Star
Publications and Presentations
Max is a former co-editor of the Restructuring Chapter of Canadian Forms and Precedents and has spoken and authored a number of articles for publication and for clients. His recent substantive articles include:
- M. Starnino and M. Picard, Freedom 55 Lost? The Recent Treatment of Pensions in Insolvency Proceedings, National Creditor Debtor Review, Volume 25, No. 3 October 2010.
- M. Starnino, J-C. Killey and C. Prophet, The Intersection of Labour and Restructuring Law in Ontario: A Survey of the Current Law, Ontario Bar Association, Building Bridges: Discussing Labour Issues in Restructuring Proceedings, cited and relied upon by the court in the case of Fraser Papers Inc., 2009 CanLll 39776 (Ont. S.C.).
- L. Wittlin and M. Starnino, Risk Management for Directors and Officers in CCAA Restructuring, The Canadian Institute’s 10th Annual Conference on Directors’ & Officers’ Liability, October 2006.