Practice

Derrick Tay is a partner in Ogilvy Renault, leading its Restructuring and Insolvency Practice. Respected for his judgment and problem-solving skills, his broad practice focuses on insolvency and bankruptcy, secured transactions, banking, environmental law and stakeholder rights. Derrick has been involved in most of Canada's major restructurings and insolvencies in recent years, including those of Slater Steel; Air Canada; Teleglobe; Bell Canada International; Maksteel; Algoma Steel; Cineplex; Loewen; W. R. Grace; Canadian Airlines; Babcock & Wilcox; Euro United; BlueStar; Royal Oak Mines; SkyDome; Olympia & York; Royal Trust; Trizec; Bramalea; Cadillac Fairview; Central Guarantee Trust; Confederation Life; and Sammi Atlas. Derrick is also regularly involved in advising debtor companies or creditors in crafting businesslike solutions which help to avoid the necessity of formal restructuring proceedings.

Professional Involvement

In September 1998, Derrick was the only Canadian insolvency professional invited by the China Judges' Association to lead a seminar in Qingdao, China, with approximately 100 judges from all across China, on the Canadian insolvency and restructuring practice.

Derrick has delivered papers on many aspects of insolvency and banking law; authored the book Law of Ontario Personal Property Security, and the Debtor and Creditor chapter in the Canadian Encyclopedic Digest, as well as the chapter on Canadian bankruptcies in The Business Lawyer's Bankruptcy Guide; co-authored the chapter on Secured Transactions in Personal Property for the Digest and has been on the Editorial Board of both the Insol International Insolvency Review and the Commercial Insolvency Reporter.

Derrick is listed in the Guide to the World's Leading Lawyers 2004 as one of the top 25 insolvency lawyers in the world. Derrick has been listed in the Insolvency & Financial Restructuring section of The Canadian Legal Lexpert Directory since its inception as a frequently recommended leading insolvency practitioner in Toronto. He is listed as one of the leading insolvency lawyers in the 2003 Guide To the Leading 500 Lawyers in Canada published by Lexpert and American Lawyer Media. He has been recognized as an internationally renowned Canadian insolvency practitioner in Guide to the World's Leading Insolvency Lawyers and in An International Who's Who of Insolvency and Restructuring Lawyers.

Professional Affiliation and Recognition

Law Society of Upper Canada (Ontario Bar) 1981.

Member of International Bar Association

Member of INSOL International Insolvency Review editorial board

Education

Juris Doctor, University of Toronto, 1979

Other Interests

Tennis, theatre, music, reading