Robert I. Thornton
Robert I. Thornton
Founding Partner at Thornton Grout Finnigan LLP
(416) 304-0560
(416) 304-1313
100 Wellington St W, Suite 3200, PO Box 329, Toronto-Dominion Ctr, Toronto, ON
Year called to bar: 1984 (ON)
Known for his creativity and energy, Bob is widely acknowledged as one of the foremost insolvency practitioners in Canada. Bob is recognized as a Band 1 Leading Individual in Restructuring/Insolvency by both Chambers Global and Chambers Canada in 2022 and prior, and has been lauded as "a leading light" and "the most innovative in the field." Bob is recognized in the 2023 edition of Best Lawyers in Canada as a leading lawyer in Insolvency and Financial Restructuring Law. Bob has acted in leading roles in the restructurings of JTI-Macdonald Corp., Just Energy Group Inc., Carillion Group in Canada, Performance Sports Group Ltd., Stelco Inc., Pacific Exploration, GuestLogix Inc., Coopers & Lybrand, Mobilicity, Hollinger, AbitibiBowater, Fraser Papers, Calpine, Air Canada, and the reorganization of BCE. Bob is the President of the Insolvency Institute of Canada and a Fellow of both the American College of Bankruptcy and the Insolvency Institute of Canada. He was called to the Ontario Bar in 1984.
Robert I. Thornton is a featured Leading Lawyer in:
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Ontario’s leading insolvency and financial restructuring lawyers in 2021
Lexpert puts the spotlight on Ontario’s leading insolvency and financial restructuring lawyers
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.
In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.