Clifton Prophet

PartnerGowling WLGInsolvency & Restructuring; Commercial; In-House Counsel

Clifton Prophet is a partner and head of the Financial Services Practice Group at Gowling WLG's Toronto office, practising in the areas of insolvency, pensions and employment benefits. Clifton advises and represents creditors, debtors, insolvency practitioners and other stakeholders in all types of reorganization, liquidation and realization proceedings. Clifton has specialized "nuts and bolts" experience in insolvency disputes. Clifton also provides advice with respect to pensions and employment issues arising on the purchase and sale of businesses.

Clifton Prophet is a partner and head of the Financial Services Practice Group at Gowling WLG's Toronto office, practising in the areas of insolvency, pensions and employment benefits.

Clifton advises and represents creditors, debtors, insolvency practitioners and other stakeholders in all types of reorganization, liquidation and realization proceedings. Clifton has specialized "nuts and bolts" experience in insolvency disputes.

Clifton also provides advice with respect to pensions and employment issues arising on the purchase and sale of businesses. Other aspects of his advisory practice include acting for the trustees and administrators of pension plans in connection with investment management and custody arrangements, insurance arrangements, plan mergers and transfers, surplus entitlement and the drafting of plan documentation.

Clifton appears on behalf of his clients before the Superior Court of Justice - Ontario, the Divisional Court, the Court of Appeal, the Supreme Court of Canada and various administrative tribunals, including the Financial Services Tribunal.

Clifton's experience includes almost two years of practice in London with one of the city's pre-eminent firms. During his time abroad, Clifton advised a range of clients on pensions and employment matters arising on substantial multi-jurisdictional M&A transactions.

Clifton is qualified as a solicitor in England and Wales.

Education

  • University of Toronto (LL.B.)

Bar Admission

  • Ontario, 1993

Experience

  • MProjects completes purchase of assets of Parlay Entertainment
  • $32-billion Restructuring of Canadian Third-Party Structures ABCP
  • Menu Foods completes agreements with Bank of Montreal
  • Lenders provide $125 million senior term loan credit facility to help finance Glacier Ventures' acquisition of the Canadian operations of Hollinger International
  • Sino-Forest completes CCAA restructuring
  • Allied Systems initiates Chapter 11 proceedings

Associations

  • Association of Pension Lawyers (U.K.)
  • CBAO Pension and Benefits Section Executive
  • Legal Advisory Committee to the Financial Services Commission of Ontario

Awards & Honours

  • Starbucks International Excellence in Diversity Award