Lawyer Profile
Tushara Weerasooriya
Toronto, Ontario
Overview
Tushara Weerasooriya is a leading restructuring and insolvency lawyer. Her practice is focused on the transactional aspects of reorganizations under the Companies’ Creditors Arrangement Act, receiverships, workouts, and distressed M&A transactions. She acts for a wide range of clients, including debtors, secured lenders, hedge funds, private equity firms, purchasers and court officers.
Recognized in Best Lawyers in Canada (2021) as a leading lawyer in the area of insolvency and financial restructuring law, Tushara has advised on numerous high-profile and complex domestic, cross-border and international restructuring proceedings. In 2020, she became the automotive industry officer for the Insolvency Section of the International Bar Association and currently heads McMillan’s India country desk.
An experienced deal lawyer, Tushara also frequently represents private equity firms and financial institutions in a variety of financing transactions, including secured lending, sponsored finance and debtor-in-possession (DIP) financing.
A dedicated promoter of diversity initiatives both inside and outside the firm, Tushara chairs McMillan’s Inclusion and Diversity Council. She is also a past director of the Federation of Asian Canadian Lawyers.
Exploring the implications for owners, financiers, and contractors of an Ontario court's recent CCAA order staying calls on performance bonds
An Ontario court has clarified the basis on which reasonable notice should be calculated following a court-approved plan of arrangement under the CCAA.
The iAnthus decision affirmed by the Court of Appeal holds that a British Columbia company can use the BCBCA to restructure and obtain 3rd party releases.
The authors discussion of the Supreme Court of Canada's decision in Chandos Construction affirming the anti-deprivation rule and consider its implications
Practice Areas
Bar Information
Called to the bar: 2005 (ON)