Q2 | Torys Quarterly
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Spring 2025
Canada’s defining moment for energy
Torys looks at the imperative to invest in Canadian energy, resources and infrastructure in service of broad economic growth, spurring opportunity amid a turbulent business environment.
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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.
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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.
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Latest News & Insights

News
Seizing opportunities to strengthen Canada’s economic resilience
Apr 15, 2025
Insight
Advertising during the federal election
Companies will want to review the Canada Elections Act, noting restrictions on regulated activities ahead of the general election.
Mar 24, 2025
News
Torys wins Merger Control Matter of the Year at the 2025 GCR Awards
This award recognizes Torys’ work in the strategic merger of Viterra Limited and Bunge Limited.
Apr 2, 2025
Insight
Acquiring AI: considerations for representations and warranties in transaction documents
How can companies navigate the risks in transactions involving companies that leverage AI?
Mar 13, 2025
John Tobin
News
John Tobin receives the 2025 OBA Award of Excellence in Taxation Law
Apr 10, 2025
Insight
Federal government limits NSF fees
Amendments limiting NSF fees to $10 reflect the federal government's intention to crack down on “junk fees”.
Apr 1, 2025
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Recent Work Highlights

  • Rogers C$7 billion innovative equity financing
    Torys is acting as counsel to Rogers Communications in a proposed 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 leverage
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  • Creation of a Canadian banking leader with growth priorities across Canada
    Torys acted as counsel to Canadian Western Bank in its C$5.3 billion sale to National Bank of Canada, one of the six largest banks in Canada
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  • One of the largest acquisitions in the LP-led private funds secondaries market in 2024
    Torys 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 Company
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  • 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.
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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.
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81%
Chambers-ranked Canadian partners
85%
Cross-practice work
> 2/3
clients working with 5+ practices

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