John W. Teolis

Norton Rose Fulbright Canada LLP

John W. Teolis

John W. Teolis



John Teolis is a renowned leader in the law related to financial institutions. His practice focuses on regulatory law as it pertains to financial institutions, corporate, commercial and consumer finance, banking, mergers and acquisitions (particularly involving financial services entities), money transmission, information processing and payment processing. Mr. Teolis also advises companies and their boards on corporate governance matters.

Mr. Teolis has acted as counsel to high-profile Canadian and international companies in establishing a banking, commercial, consumer or other financial presence in Canada. His clients include Canadian, Japanese, Dutch, US and UK banks and trust companies, credit union centrals, finance companies, credit card companies, retail leaders, payment processors, international money transmitters and global food companies.

Professional experience

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  • LL.B., University of Toronto, 1975
  • B.A., University of Toronto, 1972
  • Ontario 1976


Some examples of his work include acting for:

  • Wal-Mart, Barclays and Wells Fargo in establishing a banking presence in Canada
  • The promoter of the first fully compliant Shariah bank in North America
  • Various money transmitters such as PayPal, Western Union, Travelex and MoneyGram in connection with their Canadian businesses
  • Bank of America in connection with the sale of its C$8 billion MBNA Bank Canada credit card portfolio to Toronto-Dominion Bank
  • Citibank on the sale of its C$2 billion MasterCard credit card portfolio to CIBC
  • CIT Financial on the sale of its Dell financing business to Dell and its 50% interest in CIBC Equipment Financing to CIBC
  • Wells Fargo in connection with its acquisition of the railcar portfolio from GE Credit


  • Banking, Finance and Transactional Law Expert Guide 2019 (peer nominated as one of the world's finest lawyers chosen by their peers)
  • Canadian Legal Lexpert Directory, 2013-2019: recommended in Banking & Financial Institutions; 2013-2018: recommended in Financial Institutions Regulation – Ontario
  • Acritas Stars 2019 – Designated as an "Independently rated lawyer" 
  • International Financial Law Review 1000, Canada: Banking and finance; M&A; Private equity (Highly Regarded), 2019
  • Best Lawyers in Canada (2018): Banking and Finance Law
  • The Legal 500, Canada (2018): Finance
  • The International Who’s Who of Banking Lawyers (2018) (“one of the world’s leading banking lawyers”)
  • The International Who’s Who of Business Lawyers (2018): Banking (noted as “in great demand for his advisory work”)
  • Guide to the World's Leading Banking & Finance Experts (Legal Media Group) (2017)
  • Guide to the World's Leading Banking, Financial and Transactional Lawyers (Legal Media Group) (2017)
  • Who's Who Legal, Canada (2013-2015, 2017): Banking (recognized by his peers as one of the world's leading practitioners in banking)


  • Boston University Center for Finance, Law & Policy
    • Board of advisors
  • Banking and Financial Services Policy Report
    • Editorial advisory board
  • International Financial Law Review
    • Advisory board
  • International Bar Association
    • Former co-chair, banking committee
  • Arthritis & Autoimmunity Research Centre Foundation
    • Former chairman
  • University Health Network
    • Former member of finance and audit committee