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Former Supreme Court justice named honorary member of insolvency institute

Wednesday, February 10, 2021 @ 12:54 PM | By John Chunn

Woods announced that senior counsel Clément Gascon has been named an honorary member of the Insolvency Institute of Canada (ICC).

According to the firm’s press release, only three others have been given this rare recognition: James Farley, Frank Newbould and Jan Fralick. The honorary membership is granted by the ICC to individuals who have tremendously contributed to the profession.

Former Supreme Court justice Gascon’s expertise in insolvency and restructuring matters stretches back to his days as the co-ordinating judge of the Quebec Superior Court’s Commercial Division (which hears all matters under the Companies’ Creditors Arrangement Act (CCAA), Bankruptcy and Insolvency Act (BIA) and business corporation acts). Throughout his 17-year career in the Canadian judiciary, culminating at the Supreme Court, Gascon has rendered a vast number of judgments in numerous complex restructuring matters, notably in the extensive restructuring of Abitibi-Bowater.