"91 Goodmans lawyers across 37 practice areas ranked as among the best lawyers in Canada." - Best Lawyers in Canada 2020
Goodmans Directory

Jay A. Carfagnini


Bay Adelaide Centre - West Tower
333 Bay Street, Suite 3400
Toronto, ON M5H 2S7

Tel:   416.597.4107
Fax:   416.979.1234

Jay Carfagnini serves as counsel in the Corporate Restructuring Group at Goodmans, which is consistently and widely regarded as the best and leading restructuring practice in Canada.

Jay’s practice focuses on banking and financing law, corporate reorganizations, bankruptcy and insolvency law. He also has extensive expertise in cross-border and international transactions, particularly in the interplay of Canadian restructuring proceedings with U.S. Chapter 11 proceedings and U.K. administration proceedings.

Jay has been an active participant and advisor in most of the major restructurings in Canada over the past several years.


Jay’s representative work includes acting for:

  • Ernst & Young Inc. as court-appointed Monitor of Nortel Networks
  • Alvarez & Marsal as court-appointed Monitor of Target Canada
  • Toys “R” Us Canada in its restructuring
  • Canadian Investor Protection Fund in respect of MF Global’s Canadian proceedings
  • North Star Manufacturing/Atrium in respect of its Canadian proceedings
  • Calpine Canada in respect of its CCAA proceedings
  • Alvarez & Marsal as court-appointed Monitor of InterTAN/Circuit City
  • MuscleTech Inc. in respect of its CCAA proceedings
  • Cadillac Fairview Inc. in respect of the restructuring of Eaton’s Department Store chain
  • PricewaterhouseCoopers Inc. as Liquidator of Canadian Commerical Bank


Jay has been consistently identified as a leading practitioner of insolvency and restructuring law by several international legal publications.  Representative acknowledgements include:

  • Lexpert/American Lawyer Media Guide to the Leading 500 Lawyers in Canada Most Frequently Recommended
  • The Canadian Legal Lexpert Directory of Leading Lawyers in Canada
  • Lexpert Leading US/Canada Cross-Border Litigation Lawyers in Canada
  • Lexpert Leading US/Canada Cross-Border Corporate Lawyers in Canada
  • Who’s Who International - ranked Jay as one of the foremost restructuring lawyers worldwide
  • Chambers Global – Ranked Band 1
  • The Legal 500 Canada
  • Euromoney’s Best of the Best as one of the World’s Leading Insolvency and Restructuring Lawyers worldwide
  • IFLR 1000 Market Leader
  • Best Lawyers in Canada (2011 and 2019 Toronto Insolvency and Financial Restructuring Lawyer of the Year)
  • “Most Highly Regarded Individuals – Worldwide” for insolvency and restructuring by Law Business Research’s An International Who’s Who of Business Lawyers
  • Euromoney’s Best of the Best as one of the top 30 restructuring lawyers worldwide


Jay is the Past Chair of the Canadian Insolvency Foundation. He is an adjunct professor at Western University, where he teaches Advanced Retructuring and Insolvency Law. He is also an occasional lecturer and author of several published articles on banking, securitization and corporate reorganization law.

Education Western University (JD/LL.B., 1980)
Professional Affiliations

Law Society of Ontario
Insolvency Institute of Canada
International Insolvency Institute
INSOL International

Year of Call