Paul Olfert

• Local counsel to BDO Canada Limited in effecting the transfer of several thousand bankruptcy estate files following BDO’s purchase of the consumer insolvency practice of Deloitte Restructuring.
• Co-counsel to a secured lender to Phenomenome Discoveries (“PDI”), a Saskatchewan biotechnology company, in obtaining an Order appointing a receiver of PDI (the “Receiver”). An application by the Receiver for an Order approving the sale of the assets of PDI was granted in September of 2016: Golden Opportunities Fund Inc v Phenomenome Discoveries Inc, 2016 SKQB 306.
• Co-counsel to Golden Band Resources Inc. (“Golden Band”), a publicly-traded Saskatchewan corporation that previously owned and operated a gold mine near La Ronge, Saskatchewan. Golden Band filed a Notice of Intention to Make a Proposal under Division I of Part III of the Obtained an Order of the Saskatchewan Court of Queen’s Bench approving the sale by Golden Band of its shares to its principal secured creditor, vesting title to its shares in the name of the principal secured creditor and cancelling the extant shares previously issued by Golden Band to its shareholders.
• Co-counsel to a secured lender, successfully obtaining a receivership order respecting a Saskatchewan drilling company, and opposing that company’s application for relief pursuant to The Companies’ Creditors Arrangements Act.
• Co-counsel to Humboldt Broncos Memorial Fund Inc.(“HBMFI”), a Canada not-for-profit corporation established in the aftermath of the April 6, 2018, accident involving the Humboldt Broncos team bus in which 16 people lost their lives and 13 people were injured. HBMFI sought, obtained and implemented orders under Saskatchewan’s Informal Public Appeals Act to allocate approximately $15 million donated through the GoFundMe online fundraising platform in response to the accident. MLT Aikins provided all legal services to HBMFI on a pro bono basis.
• Counsel to the Receiver of a mixed farming operation near Duck Lake, Saskatchewan, in which the Receiver’s successful application to disclaim a contract became a leading case in Saskatchewan regarding the disclaimer of contracts in Saskatchewan receivership proceedings: Bank of Montreal v Smith, 2021 SKQB 47
• Counsel in 2022 to the senior secured lender of T&C Steel and T&C Reinforcing, two Saskatoon-based manufacturing companies, in relation to Notices of Intention to Make a Proposal under section 50.4 of the BIA filed by those two companies, as well as a related Notice of Intention filed on behalf of Under the Sun Groweries Inc., a cannabis company related to the two manufacturing companies. T&C and UTSG subsequently filed Proposals under Division I of Part III of the BIA as well.
• Counsel to MNP Ltd., Court-appointed Receiver of The Lighthouse Supported Living Inc., a non-profit corporation providing affordable housing, supportive living services and programming to vulnerable populations, as well as Interim Receiver of Blue Mountain Adventure Park Inc., a non-profit corporation which operated an outdoor adventure park. The initial Interim Receivership Order was granted in February of 2023, and the Receivership Order appointing MNP as Receiver of the Lighthouse was granted in April of 2023.
• Counsel to a secured creditor which obtained a Receivership Order in September of 2023 over Croft Aggregates Limited, which owns and formerly operated an aggregate extraction operation near Regina, Saskatchewan.
• Counsel in 2024–2025 to a Saskatchewan-based logistics company in relation to the Ontario proceedings pursuant to the Companies’ Creditors Arrangement Act in respect of the Pride Group of trucking, logistics, rental and related companies based in Mississauga, Ontario.
• Counsel to the Receiver of Apex Nutri-Solutions Ltd. appointed by Order of the Court of King’s Bench for Alberta in April of 2025.
• Counsel to a discharged bankrupt who successfully resisted an application to have a judgment in the amount of $3.6 million survive his discharge from bankruptcy: Wild Rose Meats Inc v Andres, 2025 ABKB 487.
• Counsel to the Interim Receiver of Regent Aircraft Services Inc. appointed by Order of the Court of King’s Bench for Alberta in November of 2025.
• Counsel in 2025 to counsel to a creditor and lien claimant in the CCAA proceedings in the Ontario Superior Court of Justice respecting QM GP Inc. and Highpoint Environmental Services Inc.

Paul’s experience includes commercial insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada) and the Bankruptcy and Insolvency Act (Canada), as well as receivership proceedings and commercial foreclosures. His focus on agricultural insolvency proceedings in Saskatchewan has given him detailed knowledge of the special realization procedures in The Saskatchewan Farm Security Act relating to Saskatchewan farm land and other agricultural assets.

Paul also has broad experience in the field of commercial litigation including contractual disputes, intracorporate and shareholder disputes, and oppression proceedings under corporations legislation. He appears regularly before the Saskatchewan Court of King’s Bench and has argued matters before the Saskatchewan Court of Appeal, the Alberta Court of King’s Bench, the Supreme Court of British Columbia, the Saskatchewan Director of Corporations and the Saskatchewan Registrar of Titles.

Prior to joining the firm, Paul clerked at the Saskatchewan Court of Appeal.

• Member, Template Orders Subcommittee, Bankruptcy and Insolvency, Canadian Bar Association (Saskatchewan, 2017–present)

• Recognized in the Lexpert Special Edition: Insolvency and Restructuring 2025 (and 2024)
• Recognized in the 2026 edition (and since 2023) of the Best Lawyers in Canada (Insolvency and Financial Restructuring Law)
• Recognized in the 2025 edition (and since 2024) of the Canadian Legal Lexpert Directory (Insolvency & Financial Restructuring, Insolvency Litigation)

• Presenter, “The Intersection of Finality Doctrines and Insolvency Law in the Custom Ag Decision,” CBA Saskatchewan Insolvency Section (October 2025)
• Presenter, “Insolvency Proceedings and Receiverships,” Credit Institute of Canada Rehabilitation and Recovery Training Day (September 2025)
• Presenter, “When Time Runs Out – A Refresher on Statute Barred Claims and Discussion of the Amended Proof of Claim Form,” CAIRP Insolvency and Restructuring Calgary Forum (May 2025; co-presented with Eric Sirrs of MNP Ltd.)
• Panellist, “Statute Barred Claims: Implications and Consequences,” Annual Review of Insolvency Law conference (Montreal, February 7, 2025)
• Author, “Legal Opinions in Insolvency Law Practice,” 2024 22 Annual Review of Insolvency Law, 2024 CanLIIDocs 3044
• Presenter, “Topics in Business Law and Insolvency Law in Saskatchewan,” CBA Saskatchewan Business Law Section (May 2023)
• Panellist, “Bankruptcy, Insolvency & Foreclosure: The Expert’s Advice to the General Practitioner,” Mid-Winter Meeting of the Canadian Bar Association – Saskatchewan Branch (January 2023)
• Presenter, “Receiverships – The Why and The How,” Law Society of Saskatchewan “Debtor-Creditor Update and Refresher” session (Saskatoon, November 24, 2022)
• Presenter, “Notable Issues Raised by the Smith Northern Ranching Receivership,” Canadian Bar Association Saskatchewan Branch Insolvency Section (November 2021; co-presented with Jeff Lee)
• Presenter, “Topics in Insolvency Law and Employment Law,” Canadian Bar Association Saskatchewan Branch Labour and Employment Section (April 2019)
• Presenter, “The Effects of Insolvency Proceedings on Employment Relationships,” Canadian Bar Association Saskatchewan Branch Insolvency Section (December 5, 2018; co-presented with Jeff Lee)
• Presenter, “Identifying & Managing Risks in Your Business or Professional Practice,” Institute of Chartered Accountants of Saskatchewan (November 2017 and November  2018; co-presented with Jeff Lee)