Alec Zimmerman is a partner in the Toronto office of Borden Ladner Gervais LLP (BLG), and a member of BLG's Financial Services, Insolvency and Restructuring, and Financial Services Regulatory Groups. Alec has extensive experience in advising Canadian and foreign banks and other lenders, as well as large corporate borrowers, in relation to acquisition, project and operating credit facilities featuring multiple borrowers, lenders, currencies, jurisdictions and tiered interests. Alec is also widely known for his experience and expertise in connection with insolvency and restructuring matters, principally acting on behalf of creditors or court-appointed officers. In addition, Alec has also provided regulatory advice and counsel to various foreign-controlled financial institutions conducting business in Canada.
Between 2003 and 2006, Alec was engaged in the initiative to incorporate a Canadian chartered Schedule I bank to serve the charitable sector. He also cofounded and served as the Chief Operating Officer and general counsel to NexgenRx Inc., an employee health benefit plan manager. Throughout his career, Alec has been recognized in various national and international publications as a leading lawyer in Canada in Banking, Financial Institutions, and Insolvency and Restructuring.
•Director and Chair, Governance and Nominating Committee, Hope Air
•Founding Member, Board of CanadaHelps
•Former Core Team Member, the Charity Bank initiative
•Former Governor, Canadian Olympic Foundation
•Former Member, Advisory Panel on Information and Information Technology, Ministry of Government Services, Government of Ontario
Publications & Presentations
Alec has spoken extensively, at numerous public and private seminars, and published papers on various lending, insolvency and financial institutions regulatory matters including cross-border financing, security in intellectual property, DIP lending, the co-ordination of cross-border insolvencies, the liquidation of a federally regulated financial institution, principles-based regulation and reputation risk, including:
•Panellist, Liquidating CCAA Proceedings, Annual Review of Insolvency Law, February 2008.
•Speaker, Reputation Risk Management, The Canadian Institute's 14th Annual Regulatory Compliance for Financial Institutions, November 13-14, 2008.
•Speaker, Reputation Risk Management, 2008 Joint Annual Conference of the Compliance Section and Consumer Complaints Section of the Canadian Life and Health Insurance Association Inc., May 2008.
Rankings & Recognitions
•Selected by peers for inclusion in the 2014 edition (and since 2010) of The Best Lawyers in Canada (Banking and Finance).
•Recognized in the 2012 edition of The Canadian Legal Lexpert Directory (Banking and Financial Institutions).
•Martindale-Hubbell AV Preeminent 5 out of 5 Peer Review Rated.