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 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.

Publications

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,

News

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

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 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.

February 2017
Pre-Packs under the Companies' Creditors Arrangement Act: Has the Push for Efficiency Undermined Fairness

Annual Review of Insolvency Law
Authorized by Tushara Weerasooriya, Adam Maerov, Kourtney Rylands and Caireen Hanert

February 2017
Broken Break Fee: Investor's Claim for a Break Fee Denied in CCAA Proceeding

Litigation Insolvency and Restructuring Bulletin

August 2016
Insolvency: Canada Law & Practice,

Chambers Practice Guides