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Tracy Sandler - Restructuring and Insolvency Lawyer

Tracy Sandler

Partner, Insolvency & Restructuring


Contact Information

tsandler@osler.com

tel: 416.862.5890

Office

Toronto

Areas of Expertise
Bar Admission

Ontario, 1991

Education
  • Osgoode Hall Law School, LL.B.
  • McMaster University
Language(s)
English

Tracy is a member of Osler’s Executive Committee. She served as the National Chair of the Insolvency & Restructuring Group and as a member of Osler’s Operations Committee. She practises corporate and commercial law with an emphasis on corporate recapitalizations, reorganizations, and restructurings and related transactions including acquisitions and divestitures. She has extensive experience in complex cross-border restructurings and insolvencies. She advises major debtor corporations, boards, lending syndicates, bondholders and private equity sponsors. She also regularly advises court officers. Tracy presents and writes on various commercial matters.

Tracy is an alumni of The Judy Project - one of Canada’s leading leadership forums, uniquely designed for executive women ascending to C-suite positions at the University of Toronto’s Joseph Rotman School of Management.

Tracy is also a contributing storyteller for a best selling leadership book published in 2019 called Collective Wisdom of High - Performing Women, Leadership Lessons from the Judy Project, featuring personal stories from 70 Canadian women business leaders, highlights their perspectives on the leadership characteristics of great leaders. 

Tracy is a contributing author to the LexisNexis Practice Advisor Canada Insolvency & Restructuring module. 

 

    Notable Public Matters

    • Primus Management ULC, as Canadian subsidiary of Fusion Connect, Inc., in connection with Fusion Connect's proceedings under Chapter 11 of the United States Bankruptcy Code and related sale process
    • Alvarez & Marsal Canada Inc., as Receiver to Erwin Hymer Group North America Inc., announces proposed acquisition of Roadtrek RV brand by Rapido SAS
    • Vari-Form Inc., a manufacturer of automotive and industrial components to the OEMs, in its CCAA proceedings and stalking horse sale process
    • American Tire Distributors, Inc. in relation to the restructuring of its bond, term and ABL debt and the Canadian operations of National Tire Distributors
    • Country Fresh, acting as Canadian counsel for the Steering Committee of Holders of First Lien Debt in connection with Country Fresh’s financial restructuring
    • Express Fashion Apparel Canada Inc. in its proceedings under the CCAA
    • Golf Town Canada, acting for FTI Consulting Inc. as Monitor, in connection with Golf Town’s CCAA proceedings
    • Target Canada Corp., in connection with its CCAA proceedings
    • Colt Canada Corporation and Colt Defense LLC, acting for Marblegate Asset Management, LLC, and thereafter Ad hoc Committee of Noteholders, in connection with Colt’s restructuring under the CCAA
    • League Assets Corp., acting for PricewaterhouseCoopers Inc. as Monitor, in connection with League’s restructuring under the CCAA
    • Montreal, Maine & Atlantic Canada Co., acting for Irving Oil, in connection with MM&A’s restructuring under the CCAA
    • Homburg Invest Inc. in connection with its restructuring under the CCAA
    • HSH Nordbank as agent to the senior lending syndicate in the CCAA and receivership of Skypower Corp
    • Maple Leaf Foods in connection with its acquisition of The Puratone Corporation and Paradigm Farms Inc
    • PricewaterhouseCoopers Inc. in connection with the receivership of Northern Sawmills Inc. and Atikokan Forest Products Ltd. and Cover-All Holding Corp
    • Crystal Financial, LLC in connection with its loan facility to Petrowest Energy Services Trust
    • FTI Consulting, Inc. as Monitor of Renin Corp
    • Versa Capital in connection with its DIP loan to and acquisition of Bowe +Bell & Howell in CCAA and Chapter 11 proceedings
    • Blockbuster Canada Co. in connection with the restructuring of its Canadian operations
    • Canwest Global Communications in connection with its refinancing, CCAA restructuring and sale of its broadcast and newspaper businesses
    • General Motors of Canada in its successful out of court restructuring in Canada
    • Archibald Candy Corporation and Archibald Candy (Canada) Corporation (Laura Secord) in the cross-border restructuring and sale of Laura Secord
    • Krispy Kreme Doughnut Corporation in the restructuring and sale of Krispy Kreme’s Canadian operations

  • Chambers: Ranked in Chambers Canada: Canada’s Leading Lawyers for Business: Restructuring/Insolvency; Ranked in Chambers Global: The World’s Leading Lawyers for Business: Restructuring/Insolvency
    • "...super smart and very strategic - very focused on getting things done."
  • Lexpert: Ranked in The Canadian Legal Lexpert Directory: Insolvency & Financial Restructuring – Financial Restructuring; Ranked in The Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada: Insolvency & Financial Restructuring
  • Best Lawyers: Ranked in Best Lawyers in Canada: Insolvency and Financial Restructuring Law
  • IFLR 1000: Ranked in IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Highly Regarded, Restructuring and Insolvency
  • Who’s Who Legal: Ranked in Who’s Who Legal: Thought Leaders: Restructuring & Insolvency; Ranked in Who’s Who Legal: International - Restructuring & Insolvency; Ranked in Who’s Who Legal: Canada - Restructuring & Insolvency
  • Legal 500: Ranked in The Legal 500: Recommended Lawyer, Restructuring and Insolvency
  • Acritas Stars: Recognized as a Star Lawyer
  • Recipient of the TMA Toronto Women of Excellence Award for making an exceptional contribution to the turnaround and restructuring community in Ontario

  • Member of the Board of Directors of Israel Cancer Research Fund
  • Volunteer and Co-chair, Sponsorship, Tough Nutter event committee, SickKids Food Allergy & Anaphylaxis Program
  • Volunteer, Holy Blossom Synagogue “Out of the Cold” Program

  • WAVE - Women's Association of Venture & Equity, Member
  • Women in Capital Markets, Member
  • Insolvency Institute of Canada, Member
  • American Bankruptcy Institute, Member, Board of Directors; Member of Banking and Finance and International Committees
  • Turnaround Management Association (Toronto Chapter), Past President, Member
  • Turnaround Management Association (U.S.), Member and Past Member, Board of Directors
  • Turnaround Management Association 2017 Global Awards Committee, Member
  • INSOL International
  • Canadian Bar Association

  • The International Comparative Legal Guide to Corporate Recovery and Insolvency 2015 (Canada Chapter), 9th Edition, Global Legal Group Ltd, London: Ch. 11.
  • The International Comparative Legal Guide to Corporate Recovery and Insolvency 2014 (Canada Chapter), 8th Edition, Global Legal Group Ltd, London: Ch. 11 (co-authored with Caitlin Fell).
  • Co-chair Advisory Board Cross-Border Insolvency Program, 2014 ABI Annual Spring Meeting Panelist – Labor and Employment Issues in Cross-Border Cases, June 2014
  • 2012 TMA Annual Convention Planning Committee
  • Who’s in Control? Cross-Border Perspectives, 2011 Canadian/American Cross-Border Insolvency Symposium, November 2011
  • Analyzing Bankruptcy Procedures in Canada; How does the CCAA affect Subordinated Bondholders? Canadian High Yield Bond Conference, September 2011
  • Asset Sales Developments: Navigating the Bumps in the Road, TMA Toronto Chapter 13th Annual Symposium, March 2011
  • Recent Developments in Canadian Restructurings, New York, October 2010
  • Cross Canada Review, Insolvency Institute of Canada 19th Annual Conference, September 2008.
  • Landlords, Leases and the CCAA Process, 3rd Annual Real Estate Finance including Commercial Real Estate Leasing, Insight Conference, April 2008.