Thornton Grout Finnigan, or TGF, is a boutique firm specializing in restructuring and insolvency. The firm is headquartered in Toronto but frequently works with clients outside of Canada. As a boutique restructuring and insolvency firm, TGF advises clients on all sides of insolvency proceedings including debtors, monitors, creditors, lenders and receivers. It frequently works on Canada’s largest restructuring and insolvency matters.   

Highlights 

Thornton Grout Finnigan is advising on two highly complex, precedent-setting insolvency matters in Canada. The firm represents the Government of Yukon in the receivership of Victoria Gold following a catastrophic environmental failure at the Eagle Gold Mine, overseeing a significant remediation effort and structuring a priming charge in favor of the regulator—an unprecedented move in Canadian insolvency law. The matter involves sensitive engagement with affected First Nations communities whose land and waterways were impacted, adding significant regulatory and social dimensions. TGF also acts for Ernst & Young as Monitor in the Carillion CCAA proceedings, managing claims exceeding $5 billion, negotiating asset and share sales, and implementing an innovative claims process that enabled substantial recovery. Both matters involve intricate regulatory, environmental, and cross-border issues, underscoring TGF’s leadership in complex restructuring and litigation. 

Key clients 

Ernst & Young, FTI Consulting Canada, Government of Yukon, Oxford Properties Group and Pricewaterhouse Coopers. 

Testimonials 

“Excellent strength in depth, first class restructuring counsel and litigation counsel when needed” (Financial restructuring) 

“Top class restructuring advice, Bob Thornton is one of, if not the best restructuring lawyers in Canada, also of note Grant Moffat. TGF has a great team in depth. I have worked with Rebecca Nicholson, Mitch Grossel and Puya Fesharaski all of whom will make sure TGF is a top Canadian restructuring law firm for many years. Also, when it comes to restructuring related litigation, there is nobody better in Canada than John Finnigan.” (Financial restructuring) 

“The team provided a solid plan on how to proceed with the Receivership Application and secure a Receivership Order.  Their experience and ability to stay on track and focus on the main issues were critical to our success.” (Restructuring client) 

“Robert Thornton combines first class legal, knowledge, advice and strategy with excellent business and strategic advice.” (Financial Restructuring client) 

“Robert combines top notch legal knowledge with excellent business acumen and negotiating skills.” (Financial Restructuring client) 

“D.J. is a great listener.  She listens to the issues at hand and is thoughtful in her interpretations of them and in the action plans she recommends.  She is extremely experienced and always remains calm.” (Restructuring client)