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About Aryo

Aryo's practice encompasses all aspects of commercial reorganizations, financial restructurings, distressed mergers and acquisitions, secured debt enforcement and insolvency matters, with a particular focus on complex and multifaceted cross-border restructuring mandates.

Aryo regularly acts as counsel and trusted advisor to secured creditors, debtors, court officers and other key stakeholders in some of Canada's most complex and high-profile domestic and cross-border restructurings, distressed acquisitions and insolvency litigation.

Select Experience

Recent engagements on the public record include acting on behalf of:

  • The representative of the initial purchasers in connection with the US$3.85-billion note offering by Ligado Networks, done in furtherance of a financial restructuring (telecommunications)

  • The UK incorporated All Saints USA in the multi-jurisdictional restructuring of its lease portfolio (retail)

  • The court-appointed monitor in the insolvency proceedings of JTI-Macdonald Corp. involving over C$600-billion of claims asserted against the tobacco industry (manufacturing)

  • syncreon Group B.V. and its Canadian affiliates in the cross-border balance sheet restructuring of C$1.1-billion of funded debt (logistics)

  • The debtors in the plenary Companies' Creditors Arrangement Act (Canada) ("CCAA") proceedings of Carillion Canada Inc., Carillion Construction Inc., Canada Holdings Inc., Carillion Canada Finance Corp. and Carillion Pacific Construction Inc. (construction and services)

  • The agent for a syndicate of senior secured creditors in the US$4.1-billion balance sheet restructuring proceedings of Concordia International (pharmaceutical)

  • A significant group of suppliers and service providers holding millions of dollars of claims in the CCAA proceedings of Sears Canada Inc., et al. (retail)

  • The court-appointed monitor in the CCAA proceedings of Express Fashion Apparel Canada Inc., et al. (retail)

  • The largest group of unsecured trade suppliers in the insolvency proceedings of Target Canada Co., et al. (retail)

  • The debtors in the CCAA proceedings of Lightstream Resources Ltd., 1863359 Alberta Ltd., LTS Resources Partnership, 1863360 Alberta Ltd. and Bakken Resources Partnership (oil and gas)

  • The lending syndicate in the CCAA proceedings of Endurance Energy Ltd. (oil and gas)

  • The court-appointed monitor in the CCAA proceedings of Primus Telecommunications Canada, Inc., et al. (telecommunications)

  • The court-appointed receiver of Phenomenome Discoveries Inc. and Phenomenome Laboratory Services Inc. (health sciences)

  • The debtors in the CCAA proceedings of Bloom Lake General Partner Limited, Quinto Mining Corporation, 8568391 Canada Limited, Cliffs Québec Iron Mining ULC (formerly, Cliffs Québec Iron Mining Limited), Bloom Lake Railway Company Limited, The Bloom Lake Iron Ore Mine Limited Partnership, Wabush Resources Inc., Wabush Iron Co. Limited, Wabush Mines, Arnaud Railway Company and Wabush Lake Railway Company Limited (mining)

  • The court-appointed monitor in the CCAA proceedings of Universal Settlements International Inc. (life settlements and insurance)

  • The debtor-in-possession lender in the restructuring of Colossus Minerals Inc. (mining)
Awards & Recognition

Aryo has been recognized for his restructuring and insolvency practice in the following publications:

  • Chambers Canada: Canada's Leading Lawyers for Business – 2023–2024 (Restructuring/Insolvency)

  • The Best Lawyers in Canada – 2021–2024 (Insolvency and Financial Restructuring Law)

  • The Canadian Legal Lexpert Directory (2023–2024: Insolvency & Financial Restructuring – Insolvency Litigation; 2022: Insolvency & Financial Restructuring)

  • IFLR1000: The Guide to the World's Leading Financial and Corporate Law Firms – 2022–2023 (Restructuring and Insolvency)

  • Who’s Who Legal: Canada 2023 (Restructuring & Insolvency)

Professional Activities

Aryo is an inductee in the International Insolvency Institute's prestigious NextGen Leadership Program and a member of the Turnaround Management Association, The Advocates' Society, the Canadian Bar Association, the Ontario Bar Association and Ascend Leadership.

Professional Appearances
  • Speaker : Corporate Law Basics
    Ontario Bar Association, Webinar, May 23, 2023.

Admitted to the Ontario Bar – 2013
JD, Dalhousie University – 2012
BA, Simon Fraser University – 2009

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