R. Paul Steep

R. Paul Steep

(416) 601-7998
(416) 868-0673
66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1982 (ON)
Litigation counsel based in Toronto, with a broad commercial litigation practice that focuses on securities litigation including class actions. Has appeared before all levels of the courts of Ontario, including the Supreme Court of Canada. Acts in major commercial disputes, including contractual disputes, all forms of securities litigation, directors’ and officers’ liability cases, banking litigation, and class actions. Regularly appears before the OSC on a variety of regulatory and enforcement matters, and acts on behalf of corporations and individuals subject to OSC investigations. He is a Fellow of the American College of Trial Lawyers.
R. Paul Steep is a featured Leading Lawyer in:
Canadian Legal Lexpert Directory
Canadian Legal Lexpert Directory
Most Frequently Recommended
Canadian Legal Lexpert Directory
Most Frequently Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Read more about R. Paul Steep in ...
Toronto’s best securities litigation lawyers in 2021
Get to know Toronto’s best securities litigation lawyers based on Lexpert’s latest peer review
Nortel Networks Corporation (Nortel Canada) is the Canadian parent company of what was one of the largest telecommunications businesses in the world. In early 2009, formal insolvency proceedings were commenced in Canada, the United States and England, among other places. Nortel’s worldwide business was liquidated through a number of Court-approved sales of its business units and a US$4.5-billion sale of its residual patents, resulting in US$7.3 billion of global sale proceeds to be allocated amongst the Nortel debtor companies in Canada, the United States and Europe.
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.