Client Work Detail

On October 3, 2007, Visa International Service Association (Visa International), Visa U.S.A. Inc. (Visa U.S.A.), Visa Canada Association (now known as Visa Canada Corporation (Visa Canada)) and other members of the Visa enterprise completed a global restructuring through a series of mergers, exchanges and similar transactions. Upon completion of the restructuring, Visa International, Visa U.S.A. and Visa Canada became subsidiaries of the newly-formed Visa Inc. As part of the Canadian restructuring, members of Visa Canada, including Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), The Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS) and La Fédération des Caisses Desjardins du Québec (Desjardins), exchanged their membership interests in Visa Canada for shares of Visa Inc. and completed services agreements with Visa Canada governing their commercial relationships with Visa Canada. Certain members of Visa International and Visa U.S.A also received shares of Visa Inc. in exchange for the economic rights attached to their membership interests. Visa Inc. subsequently completed its initial public offering of approximately US$19 billion on March 19, 2008.

Ogilvy Renault LLP represented Visa Canada with a team that included  Andrew Fleming, Robert Kozlov, Troy Ungerman, Kevin McPhee and Evan Cobb (corporate, M&A), Malcolm McLeod (intellectual property), Adrienne Oliver and Paul Carenza (tax), Martha Healey (privacy), and Michel Sylvestre (litigation).