Patrick Corney

Partner | Toronto


Portrait of Patrick Corney


Patrick Corney is a Partner in the Restructuring & Insolvency group at Miller Thomson LLP. Pat advises and acts for a wide range of clients regarding financial restructuring and insolvency matters, including restructurings and related court hearings under Canada’s insolvency and corporate statutes; debtor-in-possession financings; prepackaged restructuring transactions; sale processes, auctions, and related transactions; claims processes and related mediation and arbitration; forbearance agreements; and security enforcement and receiverships. Pat has significant experience in Canadian and cross-border corporate insolvency matters, including in some of the largest and most complex restructurings in Canada. Pat has worked with clients from diverse industries, including steel, technology, retail, cannabis, and energy.

Pat began his legal career as a summer student at a Seven Sisters firm and practiced there for six years. Prior to joining Miller Thomson, Pat was a partner at a Toronto-based restructuring and insolvency boutique.

Professional achievements & leadership

  • Best Lawyers in Canada "Ones to Watch", Financial Services and Restructuring Law

Notable matters

  • Ernst & Young Inc. v. Essar Global Fund Ltd., et al.: Acted for Essar Steel Algoma Inc., at trial and on appeal, in a successful challenge of a liability management transaction. A 2018 Benchmark Litigation “Case of the Year”.
  • Essar Steel Algoma, et al (Re): Counsel to the debtors in their $1.2B restructuring under the Companies’ Creditors Arrangement Act.
  • Fire & Flower Inc., et al (Re): Counsel to a creditor and successful auction bidder in the debtors’ Companies’ Creditors Arrangement Act proceeding.
  • Morrison Laurier Mortgage Corporation (Re): Counsel to the court-appointed liquidator, and marketing and mortgage agent, of Morrison Laurier Mortgage Corporation (a mortgage investment company).
  • Peraso Technologies Inc. (Re): counsel to the debtor in its restructuring proceeding under the Companies’ Creditors Arrangement Act.
  • Plant-Based Investment Corp. (Re): counsel to the debtor in its restructuring proceeding under the Companies’ Creditors Arrangement Act.
  • Wayne Patrick Consumer Products, et al (Re): counsel to the debtors in their restructuring proceeding under the Companies’ Creditors Arrangement Act.
  • Counsel to the Ontario Energy Board in various court-supervised insolvency proceedings involving energy industry companies.

Thought leadership

  • "This is an Intervention: Reflections on the Interventions Brought by the Insolvency Institute of Canada between 2013-2020", Journal of the Insolvency Institute of Canada (Carswell), Volume 10 (2021).
  • "Litigation Funding in CCAA Proceedings", Commercial Litigation and Arbitration Review (Lexis Nexis), July 2020.
  • "Canadian Insolvency Ruling in CCAA Proceedings", Commercial Insolvency Reporter (Lexis Nexis), June 2020.

Professional memberships

  • Vice-Chair, The Advocates' Society Insolvency Litigation Practice Group
  • The Advocates' Society
  • The Turnaround Management Association
  • Ontario Bar Association
  • Canadian Bar Association

Bar admissions & education

  • Ontario, 2014
  • J.D., Dalhousie University
  • M.I.R., Queen’s University
  • B.A., Bishop’s University