Tushara is a partner in the firm's Restructuring group. She is a passionate advocate for her clients and takes a client-first approach to service. She is known for crafting timely, creative and practical solutions for her clients.
After practicing law at McMillan for 8 years, Tushara took a brief sabbatical in 2013 to travel the world, learn new skills and to rejuvenate. She followed her sabbatical with a year-long engagement as in-house derivatives counsel at a prominent financial institution. Tushara rejoined McMillan at the end of 2015 energized and excited to return to the restructuring practice.
Her practice involves all aspects of insolvency law including reorganizations, bankruptcies, receiverships, workouts, the purchase and sale of distressed businesses, lending transactions and DIP financing.
Recent examples of Tushara’s work include: acting for a major Canadian financial institution in the recovery of a $100 million swap claim from a foreign bank in liquidation, acting for a Canadian public oil and gas company, with properties in South America, the Caribbean, India and South Asia, in the out-of-court restructuring of ~$400 million of debt and acting for a British private equity firm in the acquisition of mining assets in northern Ontario.
Tushara is an active promoter of diversity initiatives both inside and outside of the firm. In particular, she is a dedicated advocate for the advancement of women and visible minorities in the legal field.
Pre-Packs under the Companies' Creditors Arrangement Act: Has the Push for Efficiency Undermined Fairness
Broken Break Fee: Investor's Claim for a Break Fee Denied in CCAA Proceeding
Insolvency: Canada Law & Practice,
Recent Development in Insolvency & Financial Restructuring
Tushara Weerasooriya discusses mentorship in the legal profession with Canadian Lawyer
McMillan lawyers are well represented in the 2013 Chambers Global Directory
McMillan Lawyers are well represented in the 2012 Chambers Global Directory
- Osgoode Hall Law School, LL.B. - 2004
- Queen's University, B.Sc. (Hons.) - 2000
Year Of Call
- Called to the Ontario bar - 2005
challenged companies/debtor mandates
court officer representations
investments and acquisitions
lending syndicates/secured creditors
restructuring and insolvency
structured finance, securitization and derivatives
private equity - buyouts & venture capital investment
- Board of Directors and Chair of the Mentorship Committee, Federation of Asian Canadian Lawyers
- Board of Directors and Programs Committee Co-Chair, International Women’s Insolvency & Restructuring Confederation (Ontario Network)
Awards & Rankings
- Recognized in Chambers Global 2012 as a leading lawyer in the area of Restructuring/Insolvency.