Tony DeMarinis

Tony DeMarinis

Toronto: 416.865.8162
Fax 416.865.7380


BComm (Accounting and Finance), 1983
McMaster University
LLB, 1987
University of Ottawa
MBA (Finance), 1987
University of Ottawa

Bar Admissions

Ontario, 1989


Tony is the Chair of Torys’ Canadian Corporate Restructuring and Advisory Practice. He specializes in all aspects of corporate financial restructuring or insolvency, 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 is widely recognized as a leader in his field, and has had substantial roles in many of Canada’s largest and most complex restructurings and insolvencies over the last three decades. His clients have included public companies seeking to re-finance or restructure debt, lenders and lending syndicates, ad hoc bondholder groups, bridge and debtor-in-possession lenders, distressed business purchasers, exit lenders and investors, and receivers. His industry experience includes oil and gas, mining, retail, manufacturing, financial services, real estate, media, energy, tobacco, forestry, agriculture, telecommunications and technology.

Representative Work

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Chambers Canada—Leading lawyer in restructuring/insolvency (“a very seasoned insolvency lawyer”; “spectacular judgement”; “he was the best resource and guide that I could have asked for”) (2016-2021)

Chambers Global—Leading lawyer in restructuring/insolvency (2008-2021)

The Legal 500 Canada—Leading lawyer in restructuring & insolvency (reviewed as an “all-star”) (2017-2021)

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Highly regarded in restructuring & insolvency (2008-2021)

Best Lawyers in Canada—Leading lawyer in insolvency and financial restructuring law (2006-2021)

The Canadian Legal Lexpert Directory—Leading lawyer in insolvency & financial restructuring (2013-2021)

Legal Media Group’s Expert Guides—Leading expert in restructuring and insolvency (2020)

Who’s Who Legal—Leading Canadian lawyer in insolvency and restructuring (2011-2019) and investigations (2017-2019)

Turnaround Management Association's—Transaction Turnaround of the Year (2013)

Practical Law Company’s Restructuring and Insolvency Handbook—Recommended Canadian lawyer in restructuring and insolvency (2008-2012)

Report on Business Magazine's restructuring and insolvency law feature—Leading lawyer (2012)



Professional Involvement

Tony is a member of Canada's leading restructuring & insolvency organizations, including the Insolvency Institute of Canada, the Turnaround Management Association, and the Insolvency Section of the Ontario Bar Association. He is also a member of the American Bankruptcy Institute and INSOL.

He has spoken and lectured on a variety of topics in his field, including the following:

  • the Canadian Institute's 11th annual forum on Advanced Commercial Insolvency & Restructuring, on the topic of financing restructurings, January 2011
  • the Insolvency Institute of Canada's Annual Conference and Meeting, November 2010, on the topic of alternative restructuring arrangements
  • the Canadian Institute's conference on Enforcing Creditors' Rights, June 2009, on the topic of overcoming critical challenges in cross-border recoveries and restructurings
  • the Canadian Institute's conference on Advanced Insolvency & Restructuring Law, January 2009 , on the topic of successfully managing cross-border insolvencies & restructurings

Tony has also been a guest lecturer on restructurings for the University of Toronto and Osgoode Hall Law School.

Memberships and Affiliations

Tony is a member of the Insolvency Institute of Canada, the Insolvency Section of the Ontario Bar Association and the American Bankruptcy Institute.