Asim Iqbal Partner


Speaks:  English, Urdu

Year of Call: 2012 - Ontario


Primary office:  Toronto




Asim Iqbal

Asim is a Toronto-based partner in Gowling WLG's Corporate Restructuring, Insolvency and Advisory Group. He has substantial experience guiding clients through complex restructurings and special situations, particularly where successful outcomes require a high degree of creativity, business acumen or consensus building among multiple stakeholder groups.

He regularly assists distressed companies in navigating both formal and informal restructuring processes by using a results-driven and cost-effective approach. He advises boards of directors of public and private distressed corporations assess strategic options and alternatives, including conflicts of interest and directors’ liability issues.

With an extensive background in both domestic and cross-border matters, Asim frequently represents foreign representatives and multinational corporations in cross-border insolvency proceedings, particularly in US-Canadian cross-border engagements.  

Additionally, Asim supports purchasers and distressed investors in acquiring distressed assets and businesses. He aids senior and subordinate secured creditors in enforcing and protecting their rights during insolvency proceedings and informal workouts. He also advises financial institutions and ad hoc creditor committees through complex and/or unique creditor-enforcement situations.

Asim has been recognized by multiple legal publications, including being named a Lexpert Rising Star in 2023 and a Stand-out Lawyer by Thomson Reuters in 2024. He has also been featured in the Canadian Legal Lexpert Directory for Insolvency and Financial Restructuring from 2022 to 2024.

Career & Recognition

Filter timeline:
  • 2024

    • Rankings & Awards
       2024
      The Canadian Legal Lexpert Directory - Insolvency and Financial Restructuring, 2024
    • Rankings & Awards
       2024
      Thomson Reuters Stand-out Lawyer 2024
  • 2023

    • Rankings & Awards
       2023
      The Canadian Legal Lexpert Directory - Insolvency and Financial Restructuring, 2023
    • Rankings & Awards
       2023
      Lexpert Rising Star, Canada’s Leading Lawyers Under 40, 2023
  • 2022

    • Rankings & Awards
       2022
      The Canadian Legal Lexpert Directory - Insolvency and Financial Restructuring, 2022
  • 2012

    • Qualifications (Year of Call/Admission, etc.)
       2012
      Year of Call, Ontario
  • 2011

    • Education
       2011
      J.D., University of Toronto, Faculty of Law
  • 2007

    • Education
       2007
      Bach. Business Administration (Hons.), University of Guelph-Humber

Memberships

Turnaround Management Association

Ontario Bar Association

South Asian Bar Association

International Insolvency Institute

Positions

  • Co-Chair of the Turnaround Management Association (Toronto Chapter) NextGen Committee
  • Member (Class VII) of the International Insolvency Institute NextGen Leadership Program

Presentations

  • Panellist, Diverse Perspectives on the Turnaround Profession, TMA (Toronto Chapter) Speaking Series, November 13, 2018

Publications

  • "Making Priority a Priority in Construction Lien Disputes", Breaking Ground: MT Construction Law Ontario Edition Newsletter June 17, 2021
  • "Amendments to the Construction Lien Act Trust Provisions - Will They Accomplish Their Goal?", Commercial Insolvency Reporter, Volume 30, Number 6, August 2018
  • "So You Think You're Insured? Think Again, Receivers: The Vacancy Exclusion in Insurance Contracts", Rebuilding Success, Volume 16, Issue 2, September 9, 2016

Representative Work

  • Canadian counsel for the Official Committee of Talc Claimants in the landmark cross border bankruptcy proceedings of LTL Management LLC, a division of Johnson and Johnson Inc., under Chapter 11 in the United States and recognition proceedings in Canada under Part 4 of the Companies’ Creditors Arrangement Act.
  • Counsel to the debtor, BRON Media Corp. and its affiliates, in its cross-border proceedings under the Companies’ Creditors Arrangement Act in Canada and under Chapter 15 in the United States.
  • Court- appointed Representative Counsel to certain unit holders in the receivership proceedings of Bridging Finance Inc.
  • Court-appointed Representative Counsel to the Affected Users in the bankruptcy proceedings of the cryptocurrency exchange, QuadrigaCX.
  • Counsel to the debtor, Swarmio Inc. and its affiliates, in its restructuring proceedings under the Companies’ Creditors Arrangements Act in Canada.
  • Counsel to the debtor, ENTREC Corporation, in its cross-border restructuring proceedings under the Companies’ Creditors Arrangement Act in Canada and under Chapter 15 in the United States.
  • Counsel to the debtor, Organic Garage Canada Ltd. and its affiliates, in its restructuring proceedings under the Bankruptcy and Insolvency Act in Canada.