Q3 | Torys Quarterly
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Summer 2025
Doing business in the United States
Our New York office provides mid-year commentary on the business environment in the United States, the current broad changes in flight—and how organizations are adapting.
Venture financing report 2025
What was the state of play in Canadian venture capital in 2024? We break down the deal terms that shaped the ecosystem.
Read our report
Tariffs and trade: Canada-U.S. brief
What foreign trade developments are on the horizon? Torys’ cross-border team provides coverage as new policies emerge.
Read our briefs
Latest News & Insights
News
Arif Virani joins Torys as Senior Counsel
Torys is pleased to announce that the Honourable Arif Virani, P.C., K.C., has joined the firm’s Litigation and Dispute Resolution Practice as Senior Counsel.
Jun 26, 2025
Insight
Don’t just do it—justify it! Supreme Court confirms that justification is key in administrative decision-making
The decision is the latest signal from the courts that administrative decision-makers cannot simply assert their preferred interpretation of a statutory provision.
Jul 2, 2025
News
Krista Hill honoured with Rainbow Railroad’s Freedom Award
Jun 13, 2025
Insight
Government re-introduces cybersecurity bill for “vital” federal industries
Bill C-8 aims to strengthen cybersecurity protocols for “vital” services.
Jun 26, 2025
News
Torys’ Family Enterprises practice ranked in the Chambers 2025 High Net Worth Guide
Jul 24, 2025
Podcast
BWA: All about interjurisdictional immunity
The BWA panel discusses the division of powers between provincial and federal governments.
Jul 10, 2025
Recent Work Highlights
- Proposed US$9.1 billion sale of ParklandTorys is acting as counsel to the special committee of Parkland Corporation in its proposed US$9.1 billion sale to Sunoco LPRead more
- Rogers C$7 billion innovative equity investmentTorys acted as counsel to Rogers Communications in an innovative C$7 billion equity financing transaction with an investor group led by Blackstone to finance a portion of its wireless network and materially reduce its leverageRead More
- One of the largest acquisitions in the LP-led private funds secondaries market in 2024Torys acted for Mastercard Foundation Asset Management Corporation in a US$540.6 million bespoke LP-led secondary transaction to acquire private equity ownership interests and certain other illiquid assets held by Kodak Retirement Income Plan Trust, the U.S. pension arm of the Eastman Kodak CompanyRead more
- Precedent setting Supreme Court decision, redefining corporate attribution doctrine and the first decision in Canada to apply it in the insolvency context
Torys acted as counsel to KSV Kofman as trustee in bankruptcy for FormaCon Construction (an affiliate of Bondfield Construction) at the Supreme Court of Canada upholding one of the largest “transfer-at-undervalue” (fraudulent conveyance) applications in Canada and creating new precedent on the “contextual” application of corporate attribution doctrine
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We are proud of our reputation for legal excellence. 81% of our Canadian partners are ranked by Chambers Canada, the highest percentage among Chambers’ Elite-ranked firms.
Exceptional collaboration.
We enjoy working with each other and view all our clients as clients of the firm. That is why 85% of our work involves cross-practice collaboration and over two thirds of our top 100 clients are served by 5 or more of our practices.
81%
Chambers-ranked Canadian partners
85%
Cross-practice work
> 2/3
clients working with 5+ practices
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