Restructuring/Insolvency
Canada Guide 2025 : Nationwide - Canada
Band 2
Email address
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+1 416 865 0040About
Provided by Torys LLP
Clients look to our team’s experience and guidance whenever restructuring risks and opportunities arise. Commercial and practicable, we apply an outcome-oriented approach to restructuring and insolvency matters both in the boardroom and the courtroom.
We bridge differences and move proceedings and transactions forward strategically and effectively, across client types and market segments.
Directors and senior leadership of prominent Canadian and international companies, industry-leading investors, lenders, private equity firms and pension funds, court-appointed monitors, receivers and trustees look to us for counsel in high-profile and cross-border engagements. This diverse client base informs our experience, resulting in creative, constructive and effective strategies for our clients.
We play a lead role in insolvency and restructuring work in every economic sector. Our broad experience includes traditional bankruptcy, receivership, restructuring and insolvency matters—as well as cross-border mandates and negotiated debt modifications, re-financings, recapitalizations, bridge loans, exit financing, equity issuances/subscriptions, debt-to-equity exchanges, and all forms of distressed M&A transactions. We also have comprehensive experience with specialized proceedings for financial institutions under the Winding-up and Restructuring Act.
Chambers Review
Torys is a highly regarded law firm with impressive competencies in the restructuring and insolvency space. The team assists a prestigious portfolio of corporate clients with debt restructuring, exit financing and recapitalisation transactions. It often represents leading financial institutions and banks, as well as businesses in the manufacturing and retail sectors. The restructuring and insolvency group is well placed to advise on cross-border files, including Chapter 11 and Chapter 15 proceedings. It offers impressive expertise out of Toronto and an expanding practice in Calgary.
Work Highlights
- The team at Torys acted for the Bank of Montreal on its acquisition of the AIR MILES Reward business of LoyaltyOne, in conjunction with the latter's restructuring proceedings under the CCAA and Chapter 11 of the US Bankruptcy Code.
Strengths
Provided by Chambers
"The team at Torys is very diligent and responsive. They are good at taking initiative and ensuring all the details are properly executed."
"Torys has a very strong technical team with deep insolvency experience across Canada. They work well as a team."
"The team at Torys has been exceptional at handing complex and sophisticated matters with short timelines in a responsive and organised manner, providing creative yet practical solutions."
"Torys are very client-oriented and responsive, I'd work with them again in a flash."
"Torys are very good at handling complex and sophisticated matters. Their service levels are strong, with exceptional advice and guidance given."
"The team at Torys is very diligent and responsive. They are good at taking initiative and ensuring all the details are properly executed."
"Torys has a very strong technical team with deep insolvency experience across Canada. They work well as a team."
"The team at Torys has been exceptional at handing complex and sophisticated matters with short timelines in a responsive and organised manner, providing creative yet practical solutions."
"Torys are very client-oriented and responsive, I'd work with them again in a flash."
"Torys are very good at handling complex and sophisticated matters. Their service levels are strong, with exceptional advice and guidance given."
Notable Practitioners
David Bish has experience acting for information officers in major CCAA proceedings and also represents monitors and creditors. He heads the restructuring and insolvency team and is based in Toronto.
"David Bish is an exceptional legal professional who not only provides excellent legal advice on complex matters but does so in a responsive manner."
Respected insolvency practitioner Scott Bomhof has experience acting for lenders, court officers and real estate companies. He has advised on high-value matters occurring in sectors such as tobacco and construction. He is based in Toronto.
"Scott is a very strong practitioner with good vision on key issues."
Toronto-based Tony DeMarinis has noteworthy experience as special counsel on high-value matters. He serves as chair of Torys' corporate restructuring and advisory practice.
"Tony DeMarinis is a top-drawer strategic thinker."
Adam Slavens frequently advises clients on high-value CCAA and receivership proceedings from his base in Toronto.
"Adam is a very good technical lawyer and a pleasure to work with."
"Adam Slavens is a very practical practitioner; he can be flexible and adjust to the circumstances. He's looking at what's best for the client."
"Adam is an excellent practitioner and thoughtful adviser."
Kyle Kashuba offers particularly strong expertise in restructuring and insolvency issues arising in the oil and gas and mining sectors.
"Kyle is one of the premier insolvency lawyers in Calgary. He is an excellent lawyer who is knowledgeable and pragmatic."
"Kyle is responsive, attentive to detail and practical."
"Kyle understands the material issues, is very thorough and is great at deal making."
Jessie Mann is a Calgary-based associate with impressive experience acting for clients on a broad array of complex restructuring and insolvency mandates.
Ranked Lawyers at
Torys LLP
Nationwide - Canada
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Provided by Torys LLP
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