Lawyer Profile
Tony DeMarinis
Toronto, Ontario
Overview
Tony is a widely recognized leader in his field, with decades of experience playing pivotal roles in prominent and successful Canadian and cross-border restructurings and insolvencies. Clients call upon his leading corporate and insolvency experience to drive many of this field’s most demanding transactions and proceedings.
As Chair of Torys’ Canadian Corporate Restructuring and Advisory Practice, Tony advises a wide range of leading clients on all aspects of corporate financial restructurings or insolvencies, including transactions and proceedings involving negotiated workouts, recapitalizations, debt exchanges, re-financings, distressed investments and acquisitions, court proceedings under the federal Companies’ Creditors Arrangement Act or Bankruptcy and Insolvency Act, plans of arrangement under the Canada Business Corporations Act, sales auctions, bridge and debtor-in-possession loans, and receiverships.
Tony’s clients include public companies seeking to re-finance or restructure debt, lenders and lending syndicates, ad hoc bondholder groups, bridge and debtor-in-possession lenders, financial sponsors, distressed business purchasers, exit lenders, receivers, monitors and information officers. He has deep expertise across many industry sectors, including energy, mining, oil and gas, retail, entertainment, manufacturing, financial services, real estate, media, tobacco, forestry, agriculture, telecommunications and technology.
Tony is terrific at bringing partners together to get a solution in a practical way.’
Torys acted as counsel to an ad hoc group of bondholders, owed more than C$800 million, in the restructuring proceedings of Dominion Diamond Mines ULC and certain affiliates under the Companies’ Creditors Arrangement Act, including the initial proposed US$186 million stalking horse bid by an affiliate of Dominion’s equity owner, The Washington Companies
Arctic Canadian Diamond Company in its acquisition of substantially all assets of Dominion Diamond Mines ULC and certain affiliates relating to the Ekati Mine, Canada’s oldest diamond mine
Sagard Credit Partners in a US$175 million five-year senior unsecured loan agreement with Dorel Industries Inc., a leading manufacturer of juvenile products, home products and sports products
KPMG, as the investigative receiver for the Dream Corporation group of companies, in the ongoing proceedings relating to Michael DeGroote Sr.'s fraud allegations in respect of more than C$100 million invested in Caribbean casino operations
Practice Areas
Bar Information
Called to the bar: 1989 (ON)