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Dylan Chochla Toronto Lawyer

Dylan A. Chochla *

Partner Fasken
Jurisdiction Ontario, 2012
Language(s) English, French
Office(s) Toronto
Contact
*practising through a professional corporation
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Overview

Dylan Chochla is a partner in the Toronto Insolvency and Restructuring group. His practice focuses on corporate bankruptcy, insolvency and restructurings under the Bankruptcy and Insolvency Act, the Companies' Creditors Arrangement Act, and under provincial and federal corporate statutes. He regularly represents clients in court and has appeared before the Ontario Superior Court of Justice, the Ontario Court of Appeal and the Supreme Court of British Columbia.

Dylan is involved in a wide variety of insolvency files, and represents debtor companies, court-appointed officers, lenders, secured creditors and other third parties engaged in corporate restructurings. He also frequently acts for purchasers of distressed assets. Dylan has extensive experience in all aspects of insolvency and restructuring law, including matters under the Personal Property Security Act and the Repair and Storage Lien Act. He advises creditors in enforcing their rights under those statutes, and has successfully defended a number of claims asserted by creditors against our clients.
 
Dylan is well known within the insolvency and restructuring industry, and is frequently invited to speak at conferences. Dylan is ranked in the current edition of  "The Best Lawyers in Canada" for his work in insolvency and restructuring, and by IFLR1000 in the "rising star, partner" category for insolvency and restructuring.
 
Dylan is also a board member of the Turnaround Management Association’s Toronto Chapter, and a Council member of the Ontario Bar Association.

Achievements

  • Recognized nationwide in Canada in Restructuring/Insolvency, Chambers Global 2026
  • Recognized nationwide in Restructuring/Insolvency, Chambers Canada 2024 to 2026
  • Recognized in the Canadian Legal Lexpert Directory as Repeatedly Recommended in Insolvency & Financial Restructuring, Canadian Legal Lexpert Directory 2023 to 2026
  • Recognized in Insolvency and Financial Restructuring Law in Toronto, The Best Lawyers in Canada 2022 to 2026
  • Recognized nationwide as a Rising Star Partner in Restructuring and Insolvency, IFLR 1000 2021 to 2025
  • Allard and Company Prize in Corporations, University of British Columbia (2010) , University of British Columbia 2010
  • Davis LLP Prize in Torts, University of British Columbia (2009) , University of British Columbia 2009
  • Arthur Close, Q.C. Prize in Advanced Legal Research, University of British Columbia (2009) , University of British Columbia 2009
University of British Columbia Allard and Company Prize in Corporations, University of British Columbia (2010)
University of British Columbia Davis LLP Prize in Torts, University of British Columbia (2009)
University of British Columbia Arthur Close, Q.C. Prize in Advanced Legal Research, University of British Columbia (2009)

Experience

  • Joe Mimran's Unity Acquisitions Inc. acquires the Mastermind Toys Business subsequent to a CCAA proceeding, [Deal - Unity Acquisitions Inc.], Purchase by Canadian retail pioneer Joe Mimran and partners of Canadian toy retailers Mastermind Toys
  • Voyager Digital Ltd. files for chapter 11 proceedings under the Companies’ Creditors Arrangement Act, [Deal - Voyager Digital Ltd.], Publicly traded cryptocurrency platform commences CCCA proceedings.
  • BNP Paribas hedges CCCA Proceedings of Harte Gold Corp., [Deal - BNP Paribas], International bank completes assignment of rights and obligations for independent Canadian gold producer.
  • Richter Advisory Group Inc. completes responsibilities as Proposal Trustee in Geox Canada Inc.’s Bankruptcy and Insolvency Act proceedings, [Deal - Richter Advisory Group Inc.], Shoe and clothing manufacturer’s restructuring receives vote of approval from creditors.
  • Kingswood Capital Management in its acquisition of MEC through CCAA proceedings, [Deal - Kingswood Capital Management, LP], On October 30, 2020, Kingswood Capital Management, LP (Kingswood) completed its acquisition of substantially all of Mountain Equipment Co-op (MEC)'s assets through the Companies' Creditiors Arrangement Act (CCAA). MEC is Canada's go-to retailer for rock solid outdoor gear, expert advice and endle...
  • Advised CCAA Proceeding of Beleave Inc. and certain of its subsidiaries licensed under the Cannabis Act (Canada), [Deal - Grant Thornton, Limited], Acting for Grant Thornton Limited, as Court-appointed Monitor of the Beleave Group in its restructuring proceedings under the Companies’ Creditors Arrangement Act. Beleave Group is a licensed cannabis producer in Canada. Fasken advised Grant Thornton Limited with a team led by Dylan Chochla and ...
  • Acted for Forest Ridge Inc., a Successful Purchaser of Real Property out of a Receivership Proceeding, [Deal - Forest Ridge Inc.], Represented Forest Ridge Inc., a successful purchaser of real estate property through TamTan Inc.’s Court-appointed receivership proceedings.
  • Advised Richter Advisory Group Inc., as Court-appointed receiver of Davids Footwear, [Deal - Richter Advisory Group Inc.], Represented Richter Advisory Group Inc., as Court-appointed receiver of Davids Footwear. Davids Footwear is an iconic Toronto shoe store. We acted for the receiver in the high profile liquidation of four Davids locations in Ontario. Our role involved extensive negotiations with landlords, supplie...
  • Sirron Systems Inc. v. Scott, Pichelli & Easter Limited, [Case - Chubb Insurance Company of Canada], Defended Scott, Pichelli & Easter Limited in a claim commenced by Sirron Systems Inc. in connection with the administration of the bankruptcy estate of Insight Engineering Inc.  Fasken advised Scott, Pichelli & Easter Limited (correct) with a team led by Aubrey Kauffman and included Dylan Chochla

Career & Education

Education

  • LLB University of British Columbia
  • BA (Honours), Political Science, French University of Western Ontario

Community involvement

  • Volunteer, Duty Counsel Pro Bono Ontario, Toronto Small Claims Court Law Help Ontario Clinic 2012 to present

Memberships & Affiliations

Knowledge

  • Drafting and Diligence Matter in M&A: Lessons From Save Mart, 10/1/2024
  • Drafting and Diligence Matter in M&A: Lessons from “Save Mart”, 9/13/2024
  • Fasken 2023 Insolvency Insights, 1/31/2024
  • Dianor Resolved – Jurisdiction to Vest Off Interests in Land Upheld, but GORs Hard to Impair, 6/19/2019

Events

  • Cannabis Law Webinar Series: Restructuring Cannabis Companies, 11/30/2021
  • The Impact of COVID-19 on the Real Estate Industry (Part 2), 6/18/2020

News

Publications

  • Strange Fascinations - Changes and a Lender’s Recourse under MAC Clauses and Guarantees, 1/5/2019
  • Desperate Times Call for Desperate Measures: A Review of Notable Developments in Recent Retail Insolvencies, 12/31/2018
  • What’s the ‘‘Deference’’? Sale of Assets by Receivers 2014 in Review, 1/4/2015
  • What’s the ‘‘Deference’’? Sale of Assets by Receivers 2014 in Review, 1/1/2015
  • Proceed With Caution: Indemnified Auditors and Underwriters Left Exposed in Insolvency, 12/31/2013
Article, Co-Author Strange Fascinations - Changes and a Lender’s Recourse under MAC Clauses and Guarantees Journal Of Insolvency In Canada, VOL. 8 [2019 J.I.I.C.]
Article, Co-Author Desperate Times Call for Desperate Measures: A Review of Notable Developments in Recent Retail Insolvencies Annual Review of Insolvency Law, 2018
Article, Co-Author What’s the ‘‘Deference’’? Sale of Assets by Receivers 2014 in Review Annual Review of Insolvency Law, 2014

Speaking Engagements

  • Operational Restructurings - Investor Perspectives, 8/25/2020
  • TMA NextGen Talk with the Titans, 2/20/2020
  • Is it Really a Material Adverse Change?, 2/7/2020
  • TMA NextGen Leadership Conference, 11/15/2019
  • Setting it Right, 2/9/2018
Moderator Operational Restructurings - Investor Perspectives TMA Toronto Turnaround Boot Camp
Moderator TMA NextGen Talk with the Titans
Commentator Is it Really a Material Adverse Change? Annual Review of Insolvency Law, 2020