Isabel Langlois awarded 10th annual Lloyd Houlden Fellowship

TORONTO, March 8, 2016 /CNW/ - The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) is pleased to announce that the 10th Annual Lloyd Houlden Fellowship has been awarded to Isabel Langlois.

Ms. Langlois is an associate at the Calgary office of Norton Rose Fulbright Canada LLP. She practices primarily in the areas of commercial and corporate litigation and insolvency law.  She was called to the Bar in the Province of Alberta in 2015. Ms. Langlois holds a Master of Laws from the University of Toronto, a Bachelor of Laws (Hons.) from the University of Leicester in the United Kingdom, and a Bachelor of Arts from Memorial University.

Ms. Langlois' research paper will provide an overview of the origin of common law trusts, outline the historical evolution of statutory trusts, and identify current inconsistencies and issues in the jurisprudence. Her research will address the following question: Can statutory trusts and deemed trusts be considered common law trusts? This review of the basic principles of common law trusts and statutory trusts will provide insolvency professionals with a better understanding of the trust mechanism and how this mechanism interacts with the Bankruptcy and Insolvency Act in bankruptcy proceedings.

The Lloyd Houlden Fellowship is administered by a distinguished Advisory Council established by CAIRP, the members of which are:

Sharon Hamilton CPA, CA, CIRP (Chair) - Ernst & Young Inc.
Professor Stephanie Ben-Ishai - Osgoode Hall Law School, York University
Kelly Bourassa - Blake, Cassels & Graydon LLP
Neil Bunker CA, CIRP - PricewaterhouseCoopers Inc.
Hon. Justice Mark Schrager - Quebec Court of Appeal

The $20,000 Fellowship is named after the late Hon. Lloyd Houlden, Q.C., a distinguished former Justice of the Ontario Court of Appeal. It is awarded annually to support "an original analysis of innovative ways to improve the insolvency system, a historical analysis of particular features of the system or an exploration of any other insolvency-related idea." Authors from any part of the insolvency community – practicing trustees and lawyers, as well as academics and students – are eligible to apply.

SOURCE Canadian Association of Insolvency and Restructuring Professionals (CAIRP)

Image with caption: "Canadian Association of Insolvency and Restructuring Professionals (CNW Group/Canadian Association of Insolvency and Restructuring Professionals (CAIRP))". Image available at:

For further information: Mark Yakabuski, CAIRP President and Chief Operating Officer, Tel: 416-204-3243,


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