David A. Steele
David A. Steele
Partner at Torys LLP
(416) 865-8150
(416) 865-7380
79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 1993 (ON); 1993 (New York)
Practises in the area of domestic and international family trusts, estate planning and administration, charities and business trusts. Regularly advises domestic and international financial institutions and others acting as trustees and custodians. Adjunct Professor in trusts law at Osgoode Hall Law School, York University from 1991 to 2005; Director of the LLM program in trusts at Osgoode Hall Law School from 2002 to present. Has published numerous articles on trust law issues, including in the areas of business trusts and the rights of beneficiaries to information. Academician of the International Academy of Estate and Trust Law. Ontario Bar, 1993. New York Bar, 1993. LLM, 1991, Cornell University. LLB, 1990, Osgoode Hall Law School, York University. BA (Honours), 1987, McGill University.
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On November 5, 2015, Hydro One Limited, the largest electricity transmission and distribution company in Ontario, announced the closing of its initial public offering by way of secondary sale pursuant to which the Province of Ontario offered 81,100,000 common shares at $20.50 per share for total gross proceeds to the Province of approximately $1.66 billion. This was the biggest Canadian IPO in the last 15 years.