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Steven L.
Graff

Partner
  • sgraff@airdberlis.com
  • 416.865.7726
Office:
  • Toronto Office
Call to Bar:
Admitted to the Ontario Bar: 1991
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  7. Steven L. Graff

Steve’s practice has been built on his ability to think clearly in a crisis and communicate effectively with clients. A dynamic corporate lawyer and litigator, he thrives on the immediacy of the financial services sector and revels in the high-pressure environment in which he practises. Steve’s clients appreciate his no-nonsense approach, his ability to simplify complex situations and his personal touch on each file.

Steve is Co-Leader of the firm's Financial Services and Restructuring & Insolvency Groups and a member of the Litigation & Dispute Resolution Group. His practice focuses on restructuring and insolvency, lending, and corporate acquisitions and divestitures, often in the context of distress. He also advises on a wide range of financing transactions and manages a commercial litigation practice.

Steve has strong ties in the financial sector and acts as counsel for many of the Canadian Schedule I banks and other financial institutions on restructuring, security enforcement and recovery. He has also been engaged on behalf of various stakeholder groups, including bond holders, unsecured creditors and even shareholders in the context of corporate restructurings. He has represented lenders, landlords, municipalities, trade suppliers and debtors in all aspects of insolvency law, including bankruptcy, proposals, reorganizations, enforcement of security and in protecting rights outside of insolvency proceedings. Steve has also represented several private debt and equity investors concerning their positions in various Canadian insolvencies and restructurings. He acts on behalf of many of the well-known professional advisory firms in their roles as monitor, trustee in bankruptcy and receiver.

On the finance side, Steve is active in both asset-based lending as well as traditional cash flow lending on behalf of several institutional lenders.

Expertise

  • Cannabis
  • Restructuring & Insolvency
  • Banking & Finance
  • Litigation & Dispute Resolution
  • Projects & Infrastructure
  • Financial Services

Representative Matters

Representative Matter

Indie Alehouse Brewing Co. Seeks Creditor Protection

Aird & Berlis is acting for the proposal trustee with a team of Steven Graff, Shaun Parsons and Cristian Delfino (Financial Services).

July 07, 2025

Representative Matter

RBC Secures Receiver Appointment for Trucking Logistics Business

Aird & Berlis acted as counsel to RBC with a team consisting of Steven Graff, Shaun Parsons and Alex Bernicchia-Freeman (Financial Services).

April 14, 2025

Representative Matter

FloWorks International Acquires CAC Industrial Equipment for $49.25 Million

Aird & Berlis acted as Canadian counsel to FloWorks International with a team led by Steven Graff (Financial Services) and Gary Volman (Capital Markets/M&A).

March 05, 2025

Representative Matter

Peoples Trust Company Initiates Companies’ Creditors Arrangement Act Proceedings for Crown Crest Entities

On November 9, 2023, Crown Crest Financial Corp., Simply Green Home Services Inc., Simply Green Home Services Corp., Crown Crest Capital Management Corp., Crown Crest Funding Corp. and Crown Crest Capital Trust (collectively the "Crown Crest Entities") entered into proceedings under the Companies’ Creditors Arrangement Act pursuant to an urgent application brought by Peoples Trust Company ("PTC").

October 30, 2024

Representative Matter

Tokyo Smoke Enters CCAA Restructuring Amid Financial Challenges

On August 28, 2024, Tokyo Smoke initiated Companies' Creditors Arrangement Act proceedings to restructure due to financial difficulties.

August 28, 2024

Representative Matter

Metroland Media Group Seeks Bankruptcy Protection

On September 15, 2023, Metroland Media Group, an Ontario-based media corporation and the sister company of the Toronto Star, announced that it will restructure its operations and seek protection under the Bankruptcy and Insolvency Act.

September 15, 2023

View More Representative Matters

Professional Involvement

Memberships

  • Turnaround Management Association

Teaching Engagements

  • Instructor, Ontario Bar Admission Course Insolvency Section for nine years
  • Guest Lecturer, University of Toronto, Negotiations in Insolvency Matters 
  • Regularly delivers presentations to clients on a wide range of financing, insolvency and restructuring matters.

Speaker, "Real Estate in Distress and a Taste of Current Issues," BMO Seminar, April 22, 2024.

Co-Author, "Bay Street Lawyers Beware: U.S. Court Finds Conflict of Interest Representing Debtor and One of Its Major Shareholders in Bankruptcy Proceedings," Aird & Berlis LLP Financial Services Flash, June 20, 2024 (Included in the National Insolvency Review, April 2025, Vol.42, No.2).

Co-Author, "In re: The Hacienda Company, LLC – The Budding Change in U.S. Bankruptcy Law Starts to Flower," Aird & Berlis LLP Financial Services Flash, November 22, 2023.

Co-Author, "This Could Be ‘The One’: Considerations for When a Property Developer Faces Insolvency," Aird & Berlis LLP Financial Services Flash, November 14, 2023.

Co-Author, "BioSteel Files for Creditor Protection: Will the Budding Change in U.S. Bankruptcy Law Bloom?" Aird & Berlis LLP Financial Services Flash, September 21, 2023.

Co-Author, "In re: The Hacienda Company, LLC – A Budding Change in Bankruptcy Law for Cannabis Companies?" Aird & Berlis LLP Financial Services Flash, June 12, 2023.

Co-Author, “Clarity in Appeal Procedures Part II: The BIA Prevails – or Does It?” Aird & Berlis LLP, April 10, 2019. Republished in Banking & Finance Law Review, July 2019.

Related Publications

Article

Bay Street Lawyers Beware: U.S. Court Finds Conflict of Interest Representing Debtor and One of Its Major Shareholders in Bankruptcy Proceedings

June 20, 2024

Article

In re: The Hacienda Company, LLC – The Budding Change in U.S. Bankruptcy Law Starts to Flower

November 22, 2023

Article

This Could Be ‘The One’: Considerations for When a Property Developer Faces Insolvency

November 14, 2023

Article

BioSteel Files for Creditor Protection: Will the Budding Change in U.S. Bankruptcy Law Bloom?

September 21, 2023

Read More Publications

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Education

  • LLB, University of Western Ontario, 1989
  • Faculty of Arts & Sciences, University of Toronto
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