Restructuring and insolvency

Torys

Torys' practice group is routinely called upon by boards of directors and senior management to act on restructuring and insolvency mandates across a range of sectors, among them financial services, retail, pharmaceuticals and mining. The practice is jointly directed by David Bish, who has experience handling bankruptcy proceedings, proposals, wind-ups, liquidations, reorganizations, restructurings and receiverships; and Tony DeMarinis, who focuses on negotiated workouts, recapitalizations, distressed investments and acquisitions, and court proceedings under the federal CCAA. Also noted are Scott Bomhof; litigator Jeremy Opolsky; and Adam Slavens, who is lauded by one client as ‘practical, experienced and technically sound’. All lawyers mentioned are based at the Toronto office.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Well-rounded team that has the depth across all areas of law that could be required in a complex restructuring scenario. Restructuring team is well-respected for being both practical dealmakers as well as technical insolvency specialists.’
‘Adam Slavens is an up-and-coming restructuring lawyer who is the future leader of the Torys restructuring team. Adam is practical, experienced and technically sound - the qualities of a high-performing restructuring lawyer for companies, as well as other stakeholders in restructuring scenarios.’
‘Adam Slavens is a pleasure to deal with. He is responsive and knowledgeable about complex insolvency matters.’

Key clients

Bank of Montreal
JT Canada
Ernst & Young
Sheldon Libfeld and Jay Libfeld, co-owners of The Conservatory Group
Jenny Coco and Rocky Coco / Coco Paving
Mallinckrodt Pharmaceuticals
Telus Health (formerly LifeWorks)
Arctic Canadian Diamond Company
The Cadillac Fairview Corporation
KSV Kofman
Tarion Warranty Corporation
Medical Pharmacies Group
PricewaterhouseCoopers
FTI Consulting Canada
Board of Directors of Great Panther Mining
NFI Group
KPMG
Alvarez & Marsal Canada
Macquarie Capital
Orion Mine Finance

Work highlights

Assisted Bank of Montreal with its acquisition of the AIR MILES Reward business of LoyaltyOne as part of its restructuring proceedings under the Companies' Creditors Arrangement Act.
Advised Telus Health in respect of the ongoing administration of Stelco's defined benefit pension plans following its insolvency and CCAA restructuring.
Acted for JT Canada as the lender in the receivership proceedings of JTI-MacDonald, a Canadian division of Japan Tobacco International.