Heather Zordel

Heather Zordel


Heather Zordel
Contact Information

Heather Zordel


T 416.865.6656

F 416.865.6636

E hzordel@grllp.com


Osgoode Hall Law School, LL.M. 1998
Osgoode Hall Law School, LL.B.1987
University of Saskatchewan, B.Comm 1986
Bar Admission

Ontario, 1989
About Gardiner Roberts LLP

For over 100 years, Gardiner Roberts has combined the benefits of a full-service law firm with the dexterity of a mid-sized one. Our focused, cross-disciplinary, one-team approach and commitment to understand your business joins our relevant expertise, immediacy and dedication to providing client-centric, hands-on service. 100% Canadian and fully independent, we offer a level of overall efficiency and cost-effectiveness that larger firms can't touch. Resisting "cookie-cutter" law, Gardiner Roberts has built its name - one rewarding client relationship at a time.

Executive Summary

Heather Zordel is a lawyer with extensive experience in corporate finance, securities regulatory compliance and corporate governance. A partner in the Securities Group at Gardiner Roberts LLP, she is also a part-time Commissioner of the Ontario Securities Commission, a Co-Director and Adjunct Professor for the Osgoode LL.M. program in securities law, and a Member of the Board of Toronto Hydro Corporation. She is also the Chair of the Condominium Authority of Ontario. Ms. Zordel is a past Bencher of the Law Society of Ontario and a past part-time adjudicator for the Law Society Tribunal. Ms. Zordel is a former member of the federally-appointed Expert Panel on Securities Regulation and a past chair of the Securities Advisory Committee to the OSC. Her early work experience included a number of years as a lawyer for the Toronto Stock Exchange. She was a contributing author for the Carswell book “Corporate Finance for Canadian Executives.” Ms. Zordel has a Bachelor of Commerce from the University of Saskatchewan and a LL.B./J.D./LL.M. (Securities) from Osgoode Hall Law School, and is an ICD member. 


Representative Work
  • Corporate finance for non-listed, junior and senior companies in various sectors
  • Prospectus offerings under short, long, shelf and MJDS forms – domestic and cross-border
  • Prospectus offerings of flow-through investment funds.
  • Restructuring corporations and M&A work, including OSC/IIROC compliance
  • Legal counsel for independent review committee for investment funds
  • Issuer’s counsel for listing migration from TSXV to TSX
  • External general counsel work for public and private companies
Articles and Presentations
  • Co-Director and Adjunct Professor, LL.M. (Securities Law) Program, Osgoode Hall Law School, under various titles from 2000 to present
  • Presenter at Osgoode-TMX Short Course, Osgoode Hall Law School – 2017 and 2018
  • Freedom of Choice With Your Condo’s TV and Internet Services, Distillery District Magazine – December 2017
  • Securities Distributions Outside of Canada. A Summary of the OSC’s Proposed Rule 72-503 – July 28, 2016
  • Panellist for the Annotated Partnership Agreement 2015, Law Society of Upper Canada, Sept 2015
  • Co-Chair, Intensive Course in Securities Regulation, Osgoode PDP, 2008 to present

Board Memberships
  • Commissioner (Board, Policy Committee and Tribunal Member), Ontario Securities Commission
  • Board of Directors and Audit Committee Member, Toronto Hydro Corporation –
    December 2015 to present
  • Board of Directors and Chair, Toronto Hydro-Electric System Limited – December 2015 to present, Chair effective December 2016
  • Past Bencher, Audit Committee Member and Government Relations Committee Member, Law Society of Ontario – January 2018 to April 2019
  • Canadian Legal Lexpert Directory 2019 (Corporate Finance and Securities)
  • Canadian Legal Lexpert Directory 2014–2016 (Corporate Mid-Market)
  • Ranked as a leading lawyer by Martindale-Hubbell


Professional Involvement
  • Women in Capital Markets
  • Toronto Board of Trade
  • Canadian Bar Association
  • Ontario Bar Association – Member of the Policy and Public Affairs Committee
  • Toronto Lawyers Association
  • Women’s Law Association of Ontario
  • Empire Club
Pro Bono / Community
Community Involvement
  • Board Member and Past President – MTCC 949 Condominium Corporation (77-99 Harbour Square, Toronto), 2003 to 2014; President in 2013
  • Chair of Ontario Securities Commission Securities Advisory Committee, January 2011 to January 2014
  • Candidate for LSUC Bencher Election 2015 – placed 23rd in Toronto Region (top 21 were elected)
Pro Bono
  • 70 Red Cross Blood Donations
Community Involvement
  • Board Member and Past President – MTCC 949 Condominium Corporation (77-99 Harbour Square, Toronto), 2003 to 2014; President in 2013
  • Chair of Ontario Securities Commission Securities Advisory Committee, January 2011 to January 2014