Barry Ryan > McCarthy Tétrault > Toronto, Canada > Lawyer Profile

McCarthy Tétrault
66 Wellington Street West
Suite 5300, TD Bank Tower Box 48
Toronto ON M5K 1E6

Work Department

Banking & Finance


Counsel in Financial Services Group. Focus on financial institutions regulation, debt financings and credit restructurings. Acts for various foreign and domestic financial institutions with respect to a range of financial services regulatory applications and advice. Leading expertise in financial institution regulatory capital offerings and public sector pension plan debt funding, having acted recently as counsel on capital offerings by Bank of Montreal, Royal Bank, National Bank, Canadian Western Bank, Sunlife, Manulife, Intact, Empire Life, Industrial Alliance, OMERS, CPPIB and Ontario Pension Board, among others.

Specific illustrative retainers: acted for syndicate of dealers on a new capital offering structure by Royal Bank of $1.75 Billion Limited Recourse Capital Notes; for OMERS and OMERS Finance Trust on more than $6 Billion of debt financings in the global and domestic capital and bank markets; for lenders on $2 Billion emergency liquidity facility to Home Capital; for Bruce Power on its multibillion dollar debt program in the bond and bank markets; for Big 5 Canadian banks in the $32 billion ABCP restructuring. Acting for eight years for industry group consisting of major Canadian and foreign banks as well as institutional investors on Canadian derivatives regulatory reform.


Ontario Bar, 1983.

Lawyer Rankings

Canada > Banking and finance

(Leading individuals)

Barry RyanMcCarthy Tétrault

Known for the breadth of its transactional experience (covering acquisition financing, syndicated lending, structured financing, refinancings and restructuring of loans), McCarthy Tétrault offers banking support to top-flight international and domestic clients. It is particularly well regarded for its strength in project financing. With an integrated approach, the team leverages its broad array of commercial practices to support its banking clients in regulatory matters. Beyond that, it also offers litigation services to a number of Canadian financial institutions, including in class-action lawsuits related to regulatory matters. Richard Higa is known for his well-established transactional practice, with recent highlights including advice to Bank of America on a C$19bn bridge loan to Rogers Communications to facilitate the purchase of Shaw Communications. Another key figure on the transactional side is Stephen Furlan, who is highly regarded for his work in structuring and negotiating substantial project finance loans. His notable work has included advising a syndicate of 11 lenders on the C$1bn Cascade power plant projects. Ana Badour and Barry Ryan head up the firm’s regulatory work, with Badour known for acting on behalf of government agencies, industry associations as well as foreign and domestic banks. Justin Lapedus is known for his multi-jurisdictional financing work, and Ian Mak and Noel Chow ‘offer excellent knowledge and timely service and are great in communication’. Marc MacMullin heads the practice as part of the broader financial services team.