In this article – “Restructuring the Canadian tobacco industry: a model for the future?” — we examine an unprecedented decision of the Ontario Superior Court which sanctioned historic plans of compromise in respect of three Tobacco companies and the implications for future litigation-oriented restructuring in Canada.

This article is authored by partners in the Insolvency and Restructuring Group, Marc Wasserman, Chair, and Martino Calvaruso, together with partners in Osler’s Disputes Group: Deborah Glendinning, Craig Lockwood and Marleigh Dick, associate.

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Osler Legal Outlook, published on December 4, 2025, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.

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