August 29th, 2024
Langlois Celebrates Stellar Success in 2025 Best Lawyers in Canada
60 colleagues in the spotlight this year!
Éric Savard
Partner
Key practice areas
Insolvency and Restructuring, Financial Institutions and Financial Services Law, Litigation and Dispute Resolution, Extraordinary Remedies
Éric Savard is a commercial litigator focusing his practice on banking law and restructuring. He is particularly interested in issues involving insolvency and security interests, as well as banking matters, in which he mainly represents financial institutions, trustees in bankruptcy and medium-sized and large businesses. Éric is a proactive lawyer who leverages his strong business acumen and creativity to offer his clients practical and pragmatic solutions in both informal and formal reorganization processes, such as the Companies’ Creditors Arrangement Act (CCAA or C-36) and the Bankruptcy and Insolvency Act (notice of intention and Division I proposals). He also takes part in commercial litigation and extraordinary remedies, and has developed banking fraud expertise.
He defends the rights and interests of an array of institutional and private lenders. His experience and knowledge are regularly sought in a wide range of receivership and restructuring cases. He is also engaged for his insolvency expertise to assist and support trustees and receivers in fulfilling their mandates. Éric has completed numerous business restructuring engagements for a wide range of corporate clients.
In addition, he has delivered seminars on a host of restructuring and insolvency topics, such as deemed trusts, enforcing security interests and the various stages of a restructuring process. He is regularly consulted on complex issues involving banking law, security interests, and bankruptcy and insolvency.
Éric also has a hand in the firm’s internal affairs, serving on the Board of Directors.
- Served as a strategic advisor on real estate asset acquisitions involving a series of residential properties in receivership cases, a transaction worth over $500 million.
- Represented a group of creditors in a process under the Companies’ Creditors Arrangement Act (CCAA), which constituted a court-recognized creditors’ committee and assisted the monitor in his decisions, under which claims totalled over $26 million.
- Represented the secured creditor providing temporary financing to support the debtor’s day-to-day operations in connection with a CCAA process.
- Assisted secured creditors on multiple occasions in appointing a receiver and setting up a solicitation process for the sale of operating assets.
- Represented and supported three related entities in the process of filing a notice of intention to make a proposal, their financial restructuring and obtaining interim financing (debtor-in-possession financing).
- Represented the interests of an unpaid vendor that no longer had access to the goods sold in order to obtain a writ of seizure in revendication allowing the vendor to repossess the goods, regardless of their location.
- Guided a real estate investor in acquiring a real estate corporation that owns over fifty rental units, in particular by setting up the necessary financing for the acquisition, negotiating and closing the sale of all shares of the real estate corporation, including the rights to all leases.
- Canadian Legal Lexpert Directory:
- Insolvency & Financial Restructuring, 2022-2024
- Insolvency Litigation, 2021
- Best Lawyers in Canada – Insolvency and Financial Restructuring Law, 2020-2025
- Chamber of Commerce and Industry of Québec City (CCIQ), Member
- Co-author: “Appointment of receiver and notice of exercise: will the Court of Appeal settle the controversy?”, May 21, 2020.
- Co-author: “Limiting the economic impact of COVID-19 on your business: planning for recovery”, March 23, 2020.
- Co-author: “The Supreme Court Unanimously Overturns the Decision of the Federal Court of Appeal in Callidus Capital Corporation v. Canada”, November 12, 2018.
- Author: “Interruption of Prescription When Enforcing Hypothecary Security”, June 1, 2018.
- Co-author: “La superpriorité du prêteur temporaire est-elle à risque?” [Is temporary lender superpriority at risk?], March 1, 2018.
- Author: “Leave Must Be Obtained From the Superior Court Before Issuing a Notice of Assessment After a Bankruptcy”, October 23, 2014.
- Speaker: Les réclamations relatives à des capitaux propres et les effets sur l’ordre de collocation [Equity claims and their impact on the order of priority], Langlois Knowledge, Montréal, December 10, 2024.
- Co-speaker: Formation 101 sur le droit bancaire : des concepts à garder en mémoire [Banking Law 101: Key concepts to keep in mind], Langlois Knowledge, Montréal, September 18, 2024.
- Co-speaker: Insolvency and restructuring – the year 2020 in full swing, Langlois Knowledge, webinar, February 23, 2021.
- Speaker: Quatrième symphonie | Prêts, injections de fonds et investissements dans une société devenue insolvable : êtes-vous prêteur ou investisseur? [Fourth Symphony | Loans, Cash Injections and Investments in an Insolvent Corporation: Are You a Lender or an Investor?], as part of the Symphonie d’affaires workshop series, Langlois Knowledge, Québec City, November 22, 2018, and Montréal, November 28, 2018.
- Co-speaker: Quatrième nuance en droit des affaires | Fiducie présumée et derniers développements jurisprudentiels en matière fiscale [Finer Points of Business Law | Deemed Trusts and Recent Case-Law Developments in Tax Law], Langlois Knowledge, Québec City, April 20, 2017, Lévis, April 24, 2017, and Montréal, April 28, 2017.
- Co-speaker: Les fiducies présumées : les surprises que réserve le fisc aux entrepreneurs [Deemed trusts: tax surprises for entrepreneurs], 2e édition − Construire un avenir rempli d’espoir, organized by Langlois Lawyers in collaboration with Les Constructions Béland & Lapointe inc., Québec City, November 25, 2014.
LL.B., Université Laval, 1998