Expertise

Client Work

RBC Completes a "Bought Deal" Public Offering of $225M of Preferred Shares

Counsel to Royal Bank of Canada in connection with the issue in Canada of $225 million of Series AN First Preferred Shares, which closed on December 8, 2008.  More

RBC Completes Bought Deal Public Offering and Private Placement of Over $2B of its Common Shares

Counsel to Royal Bank of Canada in connection with the offering in Canada, the United States and Europe of $2,000,437,500 of Common Shares.  More

RBC Completes a "Bought Deal" Public Offering in Canada of $300M Preferred Shares

Counsel to RBC in connection with the issue of $300M of Series AL First Preferred Shares.  More

Caisse centrale Desjardins Establishes its €1B Euro Commercial Paper Programme

Counsel to the dealers in connection with the establishment of a €1B Euro Commercial Paper Programme.  More

Bruce Power A L.P. Completes $200 Million Financing

Counsel to The Manufacturers Life Insurance Company, Sun Life Assurance Company of Canada, The Great-West Life Assurance Company and Industrial Alliance Insurance and Financial Services Inc., as lenders.  More

Andlauer Management Group Commences its Insider Bid to Acquire ATS Andlauer Income Fund

Counsel to Andlauer Management Group Inc. in connection with its insider bid to purchase ATS Andlauer Income Fund.  More

CW Media Holdings Completes $312 Million Private Offering

Counsel to Goldman Sachs Credit Partners L.P. in connection with CW Media Holdings Inc.'s US$312 million private offering. CW Media Holdings is a subsidiary entity of Canwest Global Communications Corp.  More

The Toronto-Dominion Bank Issues €2B Floating Rate Deposit Notes

Counsel to TD Bank in connection with an issue of €2 Billion Floating Rate Deposit Notes under its US$20 Billion Programme for the Issuance of Notes.  More

Spanish Consortium Selected for the Completion of Highway 30 Project

Represented the banking syndicate in the $1.1B financing of the completion of Highway 30, Quebec's largest P3 to date.  More

RBC Completes Acquisition of Commercial Leasing Division of ABN AMRO Bank N.V. - Canada Branch

Counsel to Royal Bank of Canada in connection with its acquisition of ABN AMRO's Canadian commercial leasing division.  More

Uranium One Signs US$100 Million Credit Facility

Counsel to the joint lead arrangers and lenders in connection with a US$100 million senior secured revolving credit facility entered into by Uranium One Inc.  More

Cirque du Soleil in New Partnership with Dubai World

Acted for Cirque du Soleil in the acquisition of a 20% stake by Istithmar World and Nakheel, units of Dubai World.  More

RBC to Offer Up to ZAR 15M Royal Bank of Canada Fixed Rate Deposit Notes in the Uridashi Market

Canadian counsel to Royal Bank of Canada in connection with the offering in Japan of up to ZAR 15m Fixed Rate Deposit Notes due November 1, 2010.  More

National Bank of Canada Renews its US$5 Billion Euro Note Programme

Ogilvy Renault acted as counsel to the dealers in the renewal of National Bank of Canada's Euro Note Programme.  More

Royal Bank of Canada Completes Issue of ZAR 30M Fixed Rate Deposit Notes in Uridashi Market

Counsel to RBC in issuing ZAR 30,000,000 (approx. CDN$4,398,000) Royal Bank of Canada Fixed Rate Deposit Notes due November 15, 2011.  More

Riverside Company Acquires Herb Thyme Farms

Counsel to The Riverside Company in its $51m acquisition of Herb Thyme Farms, Inc.  More

Bank of America's Senior Secured Asset Based Revolving Credit Facility in Favour of Intertape Polymer

Represented Bank of America in US$200M senior secured Canadian and US asset based credit facilities in favour of Intertape.  More

Domtar Enters Agreement to Sell its Forest Products Business for Approximately $285M

Counsel to Domtar Corporation in its agreement for the sale of its forest products business to the newly created Conifex Inc. for approximately $285 million including an estimated $50 million of working capital.  More

Royal Jubilee Hospital Public-Private Partnership Project Financed for $206M

Counsel to Dexia Crédit and Depfa Bank, as lenders, for the Royal Jubilee Hospital public-private partnership project.  More

Toronto-Dominion Bank Issues £375M, 6.875% Deposit Notes

Represented TD Bank in the issuance of £375,000,000, 6.875% Deposit Notes.  More

Quebec Renews and Increases its US$18 Billion Euro Medium Term Note Programme

Represented dealers with regards to Quebec's updated and increased (+US$4 B) Euro Medium Term Note Programme.  More

Financement-Québec Renews its US$2 Billion Euro Medium Term Note Programme

Represented dealers with regards to Financement-Québec's updated Euro Medium Term Note Programme.  More

UBS AG Completes CHF15.97 Billion Global Rights Offering

Provided the Canadian representation for UBS's CHF15.97 billion global rights offering.  More

Québec Issues $1 Billion in Global Notes Series QG

Represented the underwriters in Quebec's issuance of US$1 Billion in Global Notes.  More

RBC Issues AUD 100M of 8.5 % Deposit Notes

Represented RBC in its issuance of AUD 100M of Deposit Notes.  More

RBC Completes Issue of €3 Billion of 5.75 % Deposit Notes

Counsel to RBC in its issuance of €3 Billion of Deposit Notes.  More

RBC Renews its $40 Billion Programme for the Issuance of Notes

Canadian and EU securities counsel to RBC in renewing its programme for the issuance of notes.  More

RBC Issues Samurai Bonds

Acted as Canadian Counsel to RBC in its issuance, in Japan, of Yen Bonds.  More

Bank of Montreal Completes Issue of €1.5B Floating Rate Deposit Notes

Represented the dealers in regards to BMO's issuance of floating rate deposit notes.  More

BMO Issues €500M Floating Rate Deposit Notes

Represented the dealers in BMO's issuance of €500,000,000 Floating Rate Deposit Notes.  More

Province of British Columbia Renews its Euro Debt Issuance Programme

Represented dealers in BC's updated US$6B Euro Debt Issuance Programme.  More

The Brock Group Acquires All Outstanding Securities Of Steeplejack Industrial Group Inc.

Acted as Canadian counsel for The Brock Group in connection with its successful $122 million acquisition of all of the outstanding securities of Steeplejack Industrial Group.  More

Toronto Community Housing Corporation Closes Private Placement of Series A Debentures

Represented Toronto Community Housing Corporation (TCHC) in the private placement of a principal amount of $250,000,000 of 4.877% Series A Debentures due May 11, 2037.  More

Collins & Aikman Floorcoverings, Tandus US, CAF Extrusion, and Tandus Canada Enter into US$80 Million Senior Secured Credit Facility

Represented Bank of America in a transaction in which Collins & Aikman Floorcoverings, Tandus US, and CAF Extrusion, as U.S. Borrowers and Tandus Canada, as Canadian borrower, entered into a credit agreement for a senior secured credit facility.  More

Bank of America, N.A., Finances BCBG Max Azria Group Inc. and BCBG Max Azria Canada Inc.

Acted as counsel to Bank of America, N.A., as agent and lender, in the US$187 million and CAN$12 million financing of BCBG Max Azria Group, Inc. and BCBG Max Azria Canada Inc.  More

SGF Takes Part in TPG Capital's $1.3-Billion Privatization of Axcan Pharma

Société générale de financement announced that it would invest $60 million directly into Axcan Pharma Inc. debt and equity.  More

Royal Bank of Canada Issues CHF450,000,000 Floating Rate Notes

Acted as counsel to Royal Bank of Canada, pursuant to its US$40 Billion Programme for the Issuance of Notes. The joint-lead managers for the offering were BNP Paribas (Suisse) SA, Bank Vontobel AG and Royal Bank of Canada Europe Limited.  More

The Toronto-Dominion Bank Issues 1B Euro 4.875% Deposit Notes under its US$8B Programme for the Issuance of Notes

Counsel to The Toronto-Dominion Bank in connection with an issue of 1 Billion Euro Deposit Notes.  More

Europe's Best Acquired by J. M. Smucker

Represented Europe's Best Inc. The acquired business is expected to add approximately $70 million in net sales to The J.M. Smucker Company.  More

Royal Bank of Canada's Sale of $4 Billion of Six-Year Extendible Notes

Acted as Canadian counsel to RBC in connection with the sale of $4B of six-year extendible notes in a 144a private placement.  More

Quebec Completes Issue of €1.25B Euro Medium Term Notes

Represented the dealers in regards to Quebec's issuance of Euro medium term notes.  More

Transcontinental Amends and Restates its Syndicated Credit Facility in the Amount of $550M

Represented RBC in Trancontinental Inc.'s amended and restated credit facility.  More

Royal Bank of Canada Completes Public Offering in Canada of CDN $212.5M in Series AH First Preferred Shares

Canadian counsel to the RBC in connection with the public offering in Canada of 8.5 million Series AH First Preferred Shares.  More

Nortel Completes Offering of US$675 Million Senior Notes

Represented Nortel, in Canada, with regards to its offering of 10.75% Senior Notes due 2016.  More

Quebec Completes Issue of CHF 250M Euro Medium Term Notes

Represented dealers in Quebec's CHF 250M issuance of Euro Notes under its US$14M Euro Medium Term Note Programme.  More

South Asia Energy Management Systems Closes Loan Credit Facility

Represented Jacob & Co. in arranging a term loan credit facility for South Asia Energy Management Systems.  More

RBC Offers $1B Medium Term Notes

Represented RBC in its public offering in Canada of $1 billion of Series 12 fixed/floating rate Medium Term Notes.  More

TD Bank Issues €2B in Deposit Notes

Represented TD Bank in the issuing of 5.375% Deposit Notes listed on the London Stock Exchange.  More

National Bank of Canada Completes Public Offering of Preferred Shares

Represented underwriters in National Bank of Canada's public offering of $150 million of Non-Cumulative Fixed Rate First Preferred Shares.  More

Caisse Centrale Desjardins Renews its 7 Billion Euro Medium Term Note Programme

 More

Ogilvy Renault Acts for Bank of America (Canada Branch) in $85 Million Restatement

Bank of America, N.A. completed a restated $85 million senior secured credit facility to Carfinco Income Fund.  More

CIT Business Credit Canada Inc. Financing of NGL Supply Co. Ltd.

Acted as counsel to CIT Business Credit Canada Inc., as agent, in the $130 million financing of NGL Supply Co. Ltd.  More

Events

Sixième conférence avancée sur le financement et les sûretés

Virginie Gauthier leads a securities workshop, Arnold Cohen moderates a roundtable on non-traditional financing, Serge Levy presents a session on asset-based lending challenges, and Walied Soliman presents a session on Islamic finance.  More

Managing and Structuring Islamic Products to Maximize Return in Modern Islamic Finance

Dany Assaf, Walied Soliman, and Andrew Fleming participate in engaging and informative sessions that examine crucial issues pertaining to modern Islamic finance.  More

Publications

Financed Restructurings in Canada

In an article published in Financier Worldwide, Kevin Morley and Mario Forte discuss the ways in which Canada has proven to be a fertile ground to finance restructurings, despite lacking provisions to expedite debtor-in-possession lending.  More

Ogilvy Renault Annual Review 2006

2006 was an exciting year for our clients, lawyers and agents. We are particularly proud of our client-focused approach to providing service-a perspective clearly appreciated by those we serve.  More

International finance transactions - Update on proposed elimination of Canadian withholding tax

Draft legislation was released that, if enacted, will accelerate the effective date for the elimination of Canadian withholding tax on interest payments to arm's length non-resident lenders.  More

International finance transactions - Update on proposed elimination of Canadian withholding tax

In its second budget, the federal Conservative Government announced significant measures towards the elimination of withholding tax on interest paid or credited by Canadian-resident borrowers to arm's length non-residents, regardless of the latters' ...  More

Update on Canada-US Tax Treaty

The March 19, 2007 Federal Budget announced that an agreement in principle had been reached to amend the Canada-United States Income Tax Convention.  More

Important Supreme Court of Canada Decision on Receiver Liability as a Successor Employer

On July 27, 2006, the Supreme Court of Canada released its decision in The Industrial Wood & Allied Workers of Canada, Local 700 v.GMAC Commercial Credit Corporation of Canada et al. dealing with, among other things, the authority of Bankruptcy Courts...  More

Supreme Court Confirms Seizure and Detention Remedies of Airport Authorities and NAV Canada

On Friday, June 9, 2006, the Supreme Court of Canada ruled that major Canadian airport authorities as well as NAV Canada were entitled to seize and detain aircraft operated by airlines that had incurred airport and air navigation charges until the ...  More

Ogilvy Renault LLP 2005 Annual Review

We are pleased to share the following 2005 highlights from our four main practice areas: Business Law, Litigation, Intellectual Property and Employment and Labour Law.  More

Banking and Financial Institutions - Recent Developments of Importance

There has been no meaningful legislative or policy reform in the Canadian financial services sector in 2005, other than draft legislation considered below with respect to corporate governance.  More

Fixed Charges on Receivables: Where Do We Stand?

One of the hottest debates within the financial and legal community in recent years has been the ability of lenders to take effective fixed security over the receivables while accommodating a borrower's commercial need to deal freely with the cash...  More

Successor Employer Issues: Unions Emerge as Key Stakeholders in Canadian Restructurings

In Canada, the landscape for loan restructuring has been altered by an increased and more aggressive activism in the bankruptcy process by labor unions clearly dissatisfied with their historical treatment in Canadian insolvencies.  More

Authorized Foreign Banks

A 2001 technical bill introduced a regime of authorized foreign (schedule III) banks that may establish branches in Canada and carry on business here.  More

Ordinary Course Dividends Not Part of Series of Transactions

As most practitioners are aware, subsection 55(2) of the Income Tax Act (Canada)1 can apply to recharacterize all or part of an otherwise tax-free intercorporate dividend (including a deemed dividend) as proceeds of disposition if the dividend...  More

Ontario Superior Court Rules on True Sale

On January 21, 2003, the Ontario Superior Court of Justice confirmed1 that a revolving receivables securitization was a true sale and the use of securitization proceeds to redeem certain bonds of the seller of the receivables was not oppressive.  More

New Regulatory Structure for the Quebec Financial Sector

On May 8, 2002, Pauline Marois, Quebec Minister of Finance, tabled an ambitious bill in the National Assembly. Bill 107, An Act respecting the Agence nationale d'encadrement du secteur financier, proposes a completely new regulatory structure for the ...  More

Media Highlights

Autoroute 30 - Ogilvy Renault Represents the International Syndicate of Lenders

Ogilvy Renault acted on behalf of the international syndicate of lenders, including the Royal Bank of Canada, which acted as Administrative Agent. The banking syndicate provided a $1.1 billion financing for the completion of Autoroute 30.  More

Ogilvy Renault acts for RBC in Deal of the Year

The firm worked with RBC on its first covered bond transaction, valued at $3.08B. It is the first of its kind in Canada and is considered one of the country's most innovative deals.  More

Domtar to sell its forest products business for approximately CDN$285 million

Domtar Corporation announced that it has entered into an agreement for the sale of its forest products business to the newly created Conifex Inc. for approximately CDN$285 million including an estimated CDN$50 million of working capital.  More

Top Cross-Border Lawyers and Deals: Ogilvy Renault Leads the Pack

Ogilvy Renault acted on the number one cross-border deal of 2006 according to Lexpert's Top 10 list featured in the 2007 Lexpert Guide to the Leading U.S./Canada Cross-Border Corporate Lawyers in Canada.  More

Ogilvy Renault LLP and Séguin Racine, Attorneys advising Garda in its acquisition of ATI Systems International to become second largest cash handling company in North America.

Ogilvy Renault LLP, along with Garda World Security Corporation's long-time legal counsel, Séguin Racine, Attorneys (Laval, Québec), are representing Garda in connection with its proposed acquisition of ATI Systems International to become the second ...  More

Ogilvy Renault's Experts Excel in International Ranking

Ogilvy Renault LLP is honoured to have 29 of its lawyers, adding two to this year's roster, recognized by the Chambers Global Guide to the World's Leading Lawyers 2007, a respected international legal directory.  More

Ogilvy Renault LLP Represents Domtar in Largest Fine Paper Deal in North America

Ogilvy Renault acted as counsel to Domtar Inc. in their $3.3-billion (U.S.) combination with Weyerhaeuser Co.  More

Ogilvy Renault Makes Strategic Addition to Global Projects Legal Team in London (UK) Office

Ogilvy Renault LLP is pleased to announce that Nicola Ezra will be joining the firm on April 4, 2005.  More