Tushara Weerasooriya 

Tushara Weerasooriya

Toronto
Brookfield Place, Suite 4400
181 Bay Street
Toronto, Ontario M5J 2T3

t: 416.865.7890
e: tushara.weerasooriya@mcmillan.ca

overview

Tushara is a Counsel 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.

Publications

Insolvency: Canada Law & Practice,
Recent Development in Insolvency & Financial Restructuring
The Use of Releases in CCAA Restructuring Proceedings: How Wide is the Net?

Education

  • Osgoode Hall Law School, LL.B. - 2004
  • Queen's University, B.Sc. (Hons.) - 2000

Year Of Call

  • Called to the Ontario bar - 2005

Practices

challenged companies/debtor mandates
court officer representations
cross-border restructuring
financial services
investments and acquisitions
lending syndicates/secured creditors
restructuring and insolvency
security enforcement
structured finance, securitization and derivatives
fintech

Industries

automotive
banking
private equity - buyouts & venture capital investment

Community Involvement

  • 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.

Media Mentions

vcard

Tushara is a Counsel 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.

August 2016
Insolvency: Canada Law & Practice,

Chambers Practice Guides

June 2011
Recent Development in Insolvency & Financial Restructuring
The Canadian Legal Lexpert Directory 2011
February 2011
The Use of Releases in CCAA Restructuring Proceedings: How Wide is the Net?
Co-Authored: Adam C. Maerov, Tushara Weerasooriya and Ahsan Mirza
Developments in Insolvency and Restructuring Law and Practice Over the Past Year and Emerging Trends, Ontario Bar Association