Lisa Mantello

Lisa Mantello is an experienced transactional lawyer who is recognized for her fresh perspective and creativity in solving problems for her clients. Lisa practices in all areas of financial services with particular expertise in domestic and cross-border financing transactions, structured finance and derivatives.

Lisa brings to the table a wealth of practical knowledge from being involved in some of the most complex and dynamic transactions of the last decade in the Canadian structured finance market.

Lisa is consistently recognized as a leading lawyer by the Canadian Legal Lexpert Directory in the area of derivatives, Best Lawyers in Canada in the area of banking and finance and as Highly Regarded by IFLR 1000 in the areas of banking and finance, derivatives and financial restructuring. Recently, Lisa was named one of the Top 25 Most Influential Lawyers in Canada for 2023.  Each year, the Canadian Lawyer's Top 25 Most Influential Lawyers list recognizes an individual's efforts to help shape the law and contribute to the strength and quality of legal services. Lawyers who are selected often contribute to the most nationally significant and strategic legal questions, cases, deals, and disputes.

In 2022, Lisa was appointed by the Bank of Canada as Chair of the Legal and Compliance Committee as part of the Canadian Alternative Reference Rate (CARR) working group established to shift Canada to the new Term Canadian Overnight Rep Rate Average (CORRA). Her guidance and leadership on these committees has proven invaluable as Canada seeks a smooth, viable and sound transition. Lisa also led the drafting of the recommended fallback language that will be implemented by every major financial institution and lender in the Canadian market.

Lisa speaks and writes extensively in Canada and internationally about the derivatives industry, fintech and cross-border financings. She is a board member of the Finance Advisory Board for Practical Law – Canada, established by Carswell.


Representative Work

  • Acted for Merrill Lynch Commodities Inc. in a commodity intermediation transaction with U.S. Oil and Refining Co., which involved the structured purchase and sale of hydocarbons and included multiple hedging strategies with various parties
  • Helping to shape the current Canadian covered bond market as counsel to CMHC in its role as administrator of all Canadian registered covered bond programs
  • Advised CMHC in creating and implementing the Canadian Registered Covered Bond Programs Guide which establishes the structure and requirements applicable to registered covered bond issuers and their programs
  • Third Party Asset-Backed Commercial Paper Investors Committee in the $32 billion successful restructuring of ABCP, the largest court-supervised debt restructuring in Canadian history, also believed to be the world’s largest private-market restructuring response to the 2008 world-wide credit crunch
  • Represented the Ad Hoc Committee of Noteholders of Pacific Exploration & Production Corporation in connection with the company’s CCAA restructuring which involved the equitization of approximately US$5.3 billion of Pacific’s debt, including the company’s senior unsecured notes, credit facilities and certain other obligations
  • Represented Gramercy Funds Management LLC in connection with the recapitalization of Banro Corporation which involved the refinancing of approximately US$270 million of debt and preference equity with US$197.5 of new Second Lien Notes issued and US$45 million in new money Gold Forward Financing

Latest Insights

  • Osler Update Oct 5, 2023

    CSA publish final derivatives business conduct rule

    The Canadian Securities Administrators has published a final derivatives business conduct rule.

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    CSA publish final derivatives business conduct rule
  • Osler Update Jul 7, 2023

    CARR’s recent recommendations for ‘tough-legacy securities’ ahead of CDOR cessation

    A white paper published by the CARR working group recommends market participants take measures to review the terms of their securities that mature aft...

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    CARR’s recent recommendations for ‘tough-legacy securities’ ahead of CDOR cessation
  • Webinar Apr 26, 2023

    ESG beyond borders: international perspectives on financing market trends and regulatory oversight for Canadian issuers and financial institutions

    Watch on-demand: Join us for a webinar in Toronto for a look at recent ESG developments affecting corporate issuers, financial institutions and pensio...

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    ESG beyond borders: international perspectives on financing market trends and regulatory oversight for Canadian issuers and financial institutions
  • Webinar Apr 18, 2023

    Providing Insight into ISDA Digital Asset Derivatives Definitions

    Watch this webinar panel discussion: Providing Insight into ISDA Digital Asset Derivatives Definitions on Tuesday, April 18.

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    Providing Insight into ISDA Digital Asset Derivatives Definitions
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Awards and Recognition

  • The Canadian Legal Lexpert Directory: Recognized in Banking & Financial Institutions
  • Canadian Lawyer: Recongized in Top 25 Most Influential Lawyers 2023
  • Best Lawyers in Canada: Recognized in Banking and Finance Law
  • IFLR1000: The Guide to the World’s Leading Financial Firms: Recognized in Banking; Capital markets : Derivatives; Financial Restructuring (Highly Regarded)

Media Mentions

  • Media Mentions Dec 12, 2023

    Lisa Mantello’s leadership at Osler helped usher in major reforms to Canada’s financial markets – Canadian Lawyer

    Lisa Mantello has been recognized as a Top 25 Most Influential Lawyer for her leadership in financial benchmark reform,

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  • Osler News Sep 13, 2023

    Lisa Mantello named one of the Top 25 Most Influential Lawyers in Canada for 2023

    Congratulations to Lisa Mantello, partner, Financial Services, for being recognized as one of Canada’s Top 25 Most Influential Lawyers by Canadian Law...

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  • Osler News Apr 19, 2023

    42 Osler lawyers recognized by Lexpert as leaders in Finance and M&A

    Osler is proud to announce 42 of our lawyers have been recognized as leaders in the Lexpert Special Edition: Finance and M&A 2023.

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  • Osler News Nov 23, 2022

    Osler clients ranked on Deloitte’s 2022 Technology Fast 50

    23 of Osler’s clients have been ranked on Deloitte’s 2022 Technology Fast 50 program

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Credentials

Education

  • Osgoode Hall/Schulich School of Business (LL.B/M.B.A, 2002)
  • York University (B.A., 1998)

Languages

  • English

Professional Affiliations

  • Canadian Bar Association
  • Ontario Bar Association
  • Women in Capital Markets
  • American College of Commercial Finance Lawyers, Fellow