Restructuring/Insolvency
Canada Guide 2025 : Nationwide - Canada
Band 1
Email address
[email protected]Contact number
+1 416 362 2111About
Provided by Osler, Hoskin & Harcourt LLP
Osler’s Insolvency & Restructuring Group is Canada’s leading multi-disciplinary practice offering top-tier legal expertise in all aspects required to resolve the most compelling business challenges. The team-based, multi-disciplinary approach delivers innovative and integrated solutions for complex business-critical matters.
The team is relied upon as tested and trusted advisors to corporations, purchasers of distressed assets and loans, bondholders, directors, senior executives, in-house counsel, credit and investment officers and fund managers, as well as other professional advisors, court-appointed officers and regulators. Osler is the first port-of-call among the top Canadian and US-based traditional lenders, bondholders and for major private equity players and investment funds seeking to protect their interests or make a play for distressed assets.
Chambers Review
Osler, Hoskin & Harcourt operates an outstanding restructuring and insolvency practice that is recognised for its consummate ability to manage a wide variety of complex restructuring and insolvency mandates on behalf of an impressive portfolio of financial advisers, private equity firms and major hedge funds. The group offers strong coverage across Canada, with highly praised restructuring and insolvency lawyers in its Calgary, Montréal, Vancouver and Toronto offices. It also has an impressive track record of acting for debtors and court-appointed monitors on CCAA filings, and is active on both high-end and mid-market transactions. The team has notable experience acting for lenders in high-profile insolvency proceedings, as well as handling bondholder mandates and retail insolvency matters.
Work Highlights
- Osler, Hoskin & Harcourt acted on behalf of Nordstrom Canada in connection with the company's proceedings under the CCAA.
Strengths
Provided by Chambers
"The team at Oslers is very strong and able to mobilise quicky in any situation."
"The team was phenomenal. They were timely, responsive, intelligent and excellent to work with. I found their analytical skills and advice to be highly commercial."
"The team at Oslers is very strong and able to mobilise quicky in any situation."
"The team was phenomenal. They were timely, responsive, intelligent and excellent to work with. I found their analytical skills and advice to be highly commercial."
Notable Practitioners
Marc Wasserman is consistently active on high-value and highly significant cross-border restructuring matters. He has acted on mandates arising in industries as diverse as cannabis, manufacturing, transportation and tobacco. Based in Toronto, Wasserman leads the national insolvency and restructuring group at Osler.
"Marc is Canada's most experienced and sophisticated restructuring and CCAA lawyer. He's thoughtful, creative and highly commercial."
"Mark is a phenomenal lawyer. He is hardworking, intelligent, responsive, creative and one of the best lawyers I have ever worked with in Canada."
"Marc Wasserman is the superstar of insolvency. He's a pre-eminent insolvency practitioner."
"Marc is 100% responsive. He outperformed any and all expectations."
"Marc understands what's important to the client and he makes sure the client's needs are his needs. He's got a creative mind and is highly collaborative."
Tracy Sandler represents numerous prominent companies in high-profile CCAA proceedings and also acts for receivers. She is based in Toronto.
"I think Tracy Sandler is absolutely excellent."
"Tracy Sandler is focused on delivering client service. She's very smart and organised, focused and highly collaborative."
Mary Buttery KC is based in Vancouver and has a respected practice representing clients in the mining and real estate spaces in CCAA proceedings and advising on receiverships.
"Mary Buttery is an outstanding practitioner."
"Mary Buttery is great and she's very solutions-oriented."
Osler's Montréal managing partner Sandra Abitan is noted for the wealth of her experience in relation to retail insolvency matters. She is widely acknowledged as one of the leading lawyers in this field in Québec.
"Sandra is a seasoned veteran. Her strengths are that she is a top negotiator and always provides me with sound legal advice."
Jeremy Dacks is a respected litigator who often acts in major CCAA proceedings. He is based in Toronto, where he has a wealth of experience assisting with litigation matters up to the Ontario Superior Court and Ontario Court of Appeal.
Michael De Lellis handles a variety of work which includes acting for distressed companies in CCAA proceedings. He is based in Toronto.
"Michael De Lellis impressed me a lot."
Martino Calvaruso practises from the Toronto office and acts for clients in both CCAA and Chapter 11 proceedings.
"Martino delivers top-of-the-line responsiveness and attention to detail, and is very thoughtful. He's a go-to guy for me."
"Martino Calvaruso knows how to get things done. He is very business-minded and responsive. I have nothing but the highest respect for him."
Calgary-based Emily Paplawski has a growing presence in the restructuring and insolvency market, frequently acting for clients in CCAA proceedings.
Ranked Lawyers at
Osler, Hoskin & Harcourt LLP
Nationwide - Canada
Members
Provided by Osler, Hoskin & Harcourt LLP