Scott A. Bomhof
Scott A. Bomhof
Partner at Torys LLP
(416) 865-7370
(416) 865-7380
79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 1995 (ON)
Specializes in all aspects of corporate restructuring and insolvency, including court proceedings under the Companies’ Creditors Arrangement Act and the Bankruptcy and Insolvency Act, plans of arrangement under the Canada Business Corporations Act, sales proceedings, debtor-in-possession/interim financing loans, and receiverships, as well as out-of-court transactions involving negotiated workouts, recapitalizations, debt exchanges, refinancings, distressed investments and acquisitions. Recognized as a leader in the field of insolvency and restructuring and has been lead counsel on a number of complex Canadian and cross-border proceedings. Has published articles on restructuring and insolvency issues in Canadian Bankruptcy Reports, Credit and Banking Litigation Quarterly and Commercial Insolvency Reporter. Member of Insolvency Institute of Canada, OBA’s Insolvency Section, Turnaround Management Association, INSOL International, Canadian Insolvency Foundation and Commercial List Users’ Committee. Ontario Bar, 1995. LLB (Honours), 1993, University of Toronto.
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Ontario’s leading insolvency and financial restructuring lawyers in 2021
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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.