LEXPERT • June 2014 | www.lexpert.ca | 97
INSOLVENCY & FINANCIAL RESTRUCTURING
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Partner practicing corporate restructuring insolvency, private equity funds and
investments, private company acquisitions, banking, structured and project fi nance.
Lead counsel in Canadian and cross-border insolvencies. Experienced in the formation
of private investment funds, regulation of banks and fi nancial institutions, and corporate
governance. Named Toronto Insolvency and Financial Restructuring Lawyer of the
Year 2013 by Best Lawyers. Included in Chambers Global: ! e World's Leading Lawyers
for Business, ! e Best Lawyers in Canada 2014, Law Business Research's International
Who's Who of Business Lawyers; Global Counsel 3000; PLC Which Lawyer?; Legal
Media Group's Guide to the World's Leading Insolvency and Restructuring Lawyers and
Guide to the World's Leading Banking Lawyers; ! e 2006 Lexpert® Guide to the 100 Most
Creative Lawyers in Canada; ! e Canadian Legal Lexpert® Directory; and ! e Lexpert®/
American Lawyer Guide to the Leading 500 Lawyers in Canada. Fellow of both the
Insolvency Institute of Canada and the American College of Commercial Finance
Lawyers. Called in Ontario in 1975.
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Immediate past Chair of Osler's Insolvency & Restructuring Practice Group.
Provides mission-critical advice to major corporations, fi nancial institutions, capital
markets participants and public-sector clients on commercial matters, with an emphasis
on fi nancial and organizational restructurings, acquisitions, divestitures, fi nancings and
governance. Frequently involved in major cross-border cases. Has served as counsel to the
debtor in Canwest, Circuit City, Magna Entertainment, Parmalat, CPI Plastics, Tower
Automotive, My Travel, Mirant, Atlas Cold Storage, AT&T Canada and PSINet; to
the Boards of Directors in Nortel, Sino Forest, Azure Dynamics and Maudore Minerals;
to equity sponsors in Quebecor World, Saan Stores, MAAX Corporation, Stelco and
Air Canada; to senior lenders in Arclin, Lear Corporation, Collins & Aikman, St.
Anne-Nackawic Pulp, RNG Group, Philip Services and Laidlaw; and to the Crown in
NewPage, Meadow Lake Pulp, Anvil Range and Curragh.
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Derrick Tay leads the fi rm's corporate restructuring practice. His primary focus is
on the restructuring and reorganization of complex debtor corporations, and he has
deep experience in cross-border and multi-jurisdictional transactions, including being
debtor's counsel for Nortel Networks Limited and counsel to the Monitor in the
Sino-Forest proceedings. He and his Québec partners are also debtor's counsel in the
proceedings of Montréal, Maine & Atlantic Canada Co, whose trains were involved
in the Lac Mégantic train disaster. He has also written and spoken extensively and has
taught courses at several law schools.
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Bob ornton is a founding partner of TGF and is widely acknowledged as one
of the foremost insolvency practitioners in Canada. Euromoney's ! e Best of the Best
2012 listed ornton as one of the top three insolvency and restructuring lawyers
in Canada and has described him as "exceptional" and "the most innovative in the
fi eld." He is recognized as a band 1 leading individual in restructuring/insolvency
by Chambers Global, and has been lauded as "a leading light" and "pound for pound
one of the top lawyers in town." He is listed as most frequently recommended in
Insolvency & Financial Restructuring in ! e 2014 Lexpert®/American Lawyer Guide
to the Leading 500 Lawyers in Canada. ornton is currently playing leading roles or
was recently involved in the restructurings of Mobilicity, Hollinger, AbitibiBowater,
Fraser Papers, Calpine, Stelco and Air Canada and the reorganization of BCE.
ornton is a member of the Insolvency Institute of Canada, INSOL International,
American Bankruptcy Institute, and Canadian Insolvency Foundation. He was
called to the Ontario Bar in 1984.
Jay A.
Swartz
Davies Ward
Phillips &
Vineberg LLP
Tel: (416) 863-5520
Fax: (416) 863-0871
Toronto
Edward A.
Sellers
Osler, Hoskin &
Harcourt LLP
Tel: (416) 862-5959
Fax: (416) 862-6666
Toronto
Derrick
C. Tay
Gowling Lafl eur
Henderson LLP
Tel: (416) 369-7330
Fax: (416) 862-7661
Toronto
Robert I.
Thornton
Thornton Grout
Finnigan LLP
Tel: (416) 304-0560
Fax: (416) 304-1313
Toronto
jswartz@dwpv.com
esellers@osler.com
derrick.tay@gowlings.com
rthornton@tgf.ca
