Canada - Canada

Torys

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Torys stands out for its Pan-North American projects practice, with the team routinely engaged to advised on transactions in the US, as well as in Canada. The multidisciplinary group draws on infrastructure, energy, Indigenous law, real estate and project finance specialists, among others, which equips it to handle the full projects life cycle — from procurement issues through to development and secondary market transactions. Toronto-based department co-head Mark Bain is sought after for his specialist infrastructure expertise; he recently teamed up with Josh Van Deurzen, also in Toronto, to advise Infrastructure Ontario on the Accelerated High Speed Internet Program. The department is additionally co-led by Toronto-based power expert Krista Hill and New York-based Tara Mackay, who is noted for cross-border work. Other recommended names in Toronto include project finance specialist Scott Kraag; projects and infrastructure partner Daniel Ford; and talented senior associate, Jessica Ho-Wo-Cheong.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Torys offers top-shelf legal services for the areas our firm requires, and performs with exceptional professionalism, transparency on billing (with no surprises), and supports negotiations with third parties in a highly effective manner and provides straightforward and practical legal advice.'
  • 'Tara Mackay is a standout partner at Torys. She is thorough, practical, commercial and highly effective.'

Key clients

  • Infrastructure Ontario
  • Ontario Power Generation
  • Canada Infrastructure Bank
  • the lenders to Meridiam Infrastructure North America Corporation
  • Wataynikaneyap Power
  • Norddeutsche Landesbank Girozentrale, New York Branch
  • Canadian Imperial Bank of Commerce
  • Oneida Energy Storage
  • ONLineLinx (ALSTOM/John Laing)
  • CarbonFree Chile
  • First Nations Tax Commission and First Nations Infrastructure Institute
  • Enbridge
  • Canadian National Railway

Work highlights

  • Advised Infrastructure Ontario as the public authority for the Accelerated High Speed Internet Program.
  • Advised Ontario Power Generation on multiple matters, including on Canada’s first on-grid small modular reactor at the site of its Darlington New Nuclear Project.
  • Advised Canada Infrastructure Bank on multiple credit facilities to Bell Canada, Rogers Communications, XPlore and Telus Corporation in connection with the private financing components of broadband projects.

Lawyers

Rising Stars

Leading individuals

Mark Bain

Torys

Mark is consistently recognized as one of Canada’s leading infrastructure and project finance lawyers, providing clients with strategic counsel and deep technical insight on complex and first-of-kind infrastructure projects and PPP transactions across sectors and geographies.Head of Torys’ PPP practice and co-head of the firm’s Infrastructure and Energy practice, Mark has advised on major capital projects across Canada, including over 80 significant PPP projects. He has represented all principal stakeholders in such transactions, including sponsors, equity investors, lenders, arrangers and underwriters, contractors, service providers and public authorities, giving him a broad perspective to offer practical and effective solutions balancing public and private interests and risks to meet project goals.His experience spans all fields, including complex and innovative PPP and infrastructure transactions in healthcare, power, transit, telecom, education, justice, gaming, water and wastewater, pipelines, public records and urban redevelopment. His wide-ranging work includes recent award-winning projects such as the Tłı̨chǫ All-Season Road, Saint John Safe Clean Drinking Water, Calgary Stoney CNG Bus Storage and Transit Facility, Ottawa LRT, Rt. Hon. Herb Gray Parkway, Mosaic Stadium, Mackenzie Valley Fibre Link and Corner Book Acute Care Hospital.

Daniel Ford

Torys

Across a wide range of public infrastructure projects and financings, Dan brings holistic perspective and seasoned negotiation skills to help clients close projects.Dan has extensive experience representing lenders, sponsors, governmental authorities, borrowers and developers on a broad range of public infrastructure financing and development transactions, primarily in the area of public-private partnerships (PPP). In addition, Dan has acted in a number of commercial construction and project development transactions.His work regularly involves commercial lending matters, and Dan acts for both lenders and borrowers in large and medium structured finance transactions, syndicated/club loans, bond and note financings. He has also acted on the solicitor side of a number of high-profile insolvency and restructuring matters.Dan has also represented shareholders, partners, owners and managers in a number of corporate and partnership formation transactions and in the structuring, negotiation and preparation of asset and share purchase and sale agreements, joint venture agreements, servicing agreements, and leasing and licensing agreements.

Scott Kraag

Torys

One of Canada's leading project finance lawyers, Scott gives clients rigorous, solution-focused counsel to help them advance their objectives in lending matters of all levels of complexity.Head of Torys’ Project Finance practice and co-head of the Banking and Debt Finance practice, Scott has broad experience representing all of the principal parties on projects, including lenders, sponsors, equity investors, arrangers and underwriters, contractors, service providers and public authorities, on a variety of complex project finance transactions. His work regularly focuses on the energy, infrastructure and mining industries.Scott’s finance experience extends to corporate banking transactions and he frequently advises lenders and borrowers in transactions which include bank credit facilities, bond financings, structured finance transactions, mezzanine financings and derivatives.

Practice head

The lawyer(s) leading their teams.

Mark Bain, Krista Hill, Tara Mackay

Other key lawyers

Daniel Ford, Josh Van Deurzen, Milosz Zemanek, Huw Evans, Valerie Helbronner, Scott Kraag