Martino F. Calvaruso - Restructuring Lawyer

Martino F. Calvaruso

Partner, Insolvency and Restructuring

Contact Information

tel: 416.862.6665



Bar Admission

Ontario, 2009


  • Osgoode Hall Law School, LL.B.
  • Schulich School of Business, B.B.A.



Martino is a partner in Osler’s Insolvency and Restructuring Group. He practices corporate and commercial law, focusing primarily in the areas of corporate restructurings, secured transactions, distressed acquisitions and divestitures, and the enforcement of debtor and creditor rights. He also has extensive expertise in representing debtor corporations, bondholders, senior lenders, purchasers, sponsors and court officers. Martino has acted on many of Canada’s most recent complex national and cross-border restructurings and recapitalization transactions, acting for clients both in Canada and abroad.

Martino also spent a number of years as in-house counsel at Target Canada prior to rejoining the firm in 2016, and is a contributing author to the LexisNexis Practice Advisor Canada Insolvency & Restructuring module. 

    Just Energy Group Inc. in connection with its $1.1 billion recapitalization transaction

    Comark completes sale transaction and emerges from creditor protection

    TPG in its submission of a stalking horse bid for Cirque du Soleil’s assets in partnership with Fosun, Caisse de dépôt et placement du Québec and Investissement Québec

    Pier 1 Imports in its Chapter 11 and CCAA Recognition Proceedings

    Imperial Tobacco in connection with its proceedings under the CCAA

    Alvarez & Marsal Canada in its capacity as monitor in the proceedings of Clover Leaf Seafoods under the CCAA

    FAAN Mortgage Administrators in connection with its appointment as trustee over the syndicated mortgage loan business of Building & Development Mortgages Canada

    Bondfield Construction in connection with its proceedings under the CCAA

    Hollander Sleep Products in connection with its proceedings under Part IV of the CCAA

    Sears Canada in connection with its proceedings under the CCAA

    An Ad Hoc Group of Secured Creditors of Concordia International in connection with its US$3.7 billion precedent setting recapitalization transaction under the CBCA

    An Ad Hoc Group of Senior Secured Term Lenders and DIP Lenders of Essar Steel Algoma in connection with its CCAA proceedings and the acquisition by Algoma Steel of its assets

    An Ad Hoc Group of Unsecured Noteholders in the $1.1 billion recapitalization of Jupiter Resources under the CBCA

    Tervita Corporation in its $3.5 billion recapitalization transaction under the CBCA, named as Energy Deal of the Year over $1 billion as part of The M&A Advisor’s 12th Annual Turnaround Awards

    An Ad Hoc Group of Second Lien Noteholders of Postmedia Network Canada in its $600 million recapitalization transaction under the CBCA

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Restructuring/Insolvency
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Restructuring  (Rising Star Partner)

  • Law Society of Ontario
  • Canadian Bar Association
  • Ontario Bar Association
  • Turnaround Management Association

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