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Expertise

Corporate Finance and Securities

Large national and international issuers, as well as mid-size and entrepreneurial businesses rely on us to help them manage a wide range of corporate finance and securities transactions.

Known for pragmatism and speed, we assist issuers and underwriters with complex corporate finance transactions and securities offerings, and ensure delivery of customized, time-sensitive solutions.

Our experiences includes:

  • Public and private equity and debt financings
  • Initial public offerings
  • Public company mergers and acquisitions
  • Take-over bid strategies, defensive measures
  • Public company board/independent committee advisory services
  • Cross-border and Eurodollar offerings
  • Derivatives and structured products
  • Public company disclosure obligations
  • Income fund structuring and offerings
  • Investment funds, private equity funds and venture funds

Members of our team advise boards of directors and issuers in corporate governance practices, and provide corporate governance audits, workshops and implementation.

We act as counsel to Canada's largest financial institutions and to Quebec's network of credit unions. We also represent mutual and other investment funds, private equity funds and venture funds, and assist investment dealers and advisors on regulatory matters and new product development.

Members of our team are recognized as leading practitioners by the Canadian Legal Directory, LEXPERT.

Services
  • Broker/dealer regulation
  • Corporate governance
  • Cross-border and international offerings
  • Directors and officers' duties and obligations
  • Employee and executive stock incentive programs
  • Eurobond offerings
  • Financial industry regulation
  • Income funds
  • Initial public offerings
  • Litigation
  • Mutual funds and fund management
  • Private placements
  • Public company disclosure obligations
  • Public offerings: issuers/underwriters
  • Public/private partnership fundraising
  • Shareholders' meetings and proxy contests
  • Spin-offs and corporate reorganizations
  • Stock exchange listings

Client Work
Caisse Centrale Desjardins Completes $500 Million Notes Offering

Counsel to the agents in regards to the issuance by Caisse centrale Desjardins of $500 million of Series 2010-3 Medium Term Deposit Notes.  More

3P International Energy Acquires Galizien Energy

Counsel to 3P International Energy Corp. in its acquisition of Galizien, an exploration leader in Ukraine's natural gas and shallow gas reservoirs.  More

Canada Post Completes $1 Billion Debt Issuance and $400 Million Credit Facility

Counsel to the underwriters for Canada Post's $ 1 billion debt issuance and counsel to the lenders for Canada Post's $400 million credit facility  More

Nortel Completes Sale of its Carrier VoIP & Applications Solutions Business to GENBAND

Canadian counsel to Nortel in connection with its multi-jurisdictional insolvency proceedings including its agreement to sell its global Carrier VoIP and Application Solutions (CVAS) business to GENBAND.  More

Take-private Bid for Logibec Groupe Informatique

Counsel to Logibec in connection with its privatization by way of a take-over bid from OPE LGI Inc., an acquisition company majority owned by OMERS.  More

Impact of New TSX Rules on Public Acquisitions: What You Need to Know NOW.

On Wednesday, October 7, 2009, Ogilvy Renault held a live audio webcast on the implications of the recently announced Toronto Stock Exchange amendments requiring TSX listed issuers to obtain security holder approval of acquisitions of public companies.  More

Puget Ventures Completes Flow-through and Equity Private Placement Financing, Brokered by MGI Securities

Counsel to the agent, MGI Securities, in respect to a brokered private placement of 4.2 million flow-through shares and 852,000 units of Puget Ventures for aggregate gross proceeds of $1,515,600.  More

International Finance Corporation closes Private Placement with Tsodilo Resources Limited

Counsel to International Finance Corporation, a member of the World Bank Group, in connection with its investment of approximately $5 million in Tsodilo Resources Limited  More

RBC Issues $1.5 Billion Series 13 Medium Term Notes

Counsel to the Royal Bank of Canada in connection with a prospectus qualified offering of $1.5 billion of Medium Term Notes (subordinated indebtedness) in Canada.  More

Yellow Media Inc. Acquires Canpages

Counsel to Yellow Media. in connection with its $225 million acquisition of Canadian Phone Directories Holdings Inc., and its wholly-owned subsidiary Canpages, a local search and directories publisher.  More

Power Financial Corporation Completes Preferred Shares Offering

Counsel to the underwriters in the issue by Power Financial Corporation of $280 million of Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series P  More

Sabina Gold & Silver Closes ''Bought Deal'' Private Place of Flow-through Common Shares

Counsel to the syndicate of underwriters, led by Dundee Securities Corporation, in connection with a $15 million ''bought deal'' private placement of flow-through common shares of Sabina Gold & Silver Corp. in Canada  More

Polar Star Mining Completes Private Placement of Common Shares

Counsel to Polar Star Mining Corporation in connection with the private placement of $15 million of common shares  More

KFS Capital LLC makes a take-over bid for up to 750,000 Units of Kingsway Linked Return of Capital Trust

Counsel to KFS Capital LLC and Kingsway Financial Services Inc. in connection with a partial take-over bid for 750,000 of Kingsway Linked Return of Capital Trust at a price per Unit of $17.50 in cash  More

OMERS and Dutch pension fund, ABP, Establish €200 Million Fund for Canadian and Dutch Start-Ups

Counsel to OMERS, a Canadian pension fund, in connection with a unique joint venture with Dutch pension fund, ABP, to establish an investment program to deploy €200 million in Canada and the Netherlands over the first five years to invest in knowledge eco  More

Apoquindo Minerals Completes Brokered Private Placement

Counsel to Casimir Capital LP, the agent, in the $23.1 million offering of units of Apoquindo Minerals Inc.  More

Lincoln Mining Completes Sale of Units

Counsel to Casimir Capital LP, the agent, in the $2.65 million offering of units of Lincoln Mining Corporation.  More

Semafo Closes $119,887,500 Bought Deal Offering

Counsel to the underwriters in connection with the $119,887,500 offering by Semafo inc. of 17,250,000 common shares by short form prospectus.  More

GrowthWorks Canadian Fund Enters Into a Participation Agreement With Roseway Capital

Counsel to Roseway Capital in a Participation Agreement whereby, in exchange for a $20 million investment, it received participating interest in GrowthWorks Canadian Fund's holdings in 15 portfolio companies with a total current carrying value of approxi  More

Dollarama Completes Bought Deal Secondary Offering and Concurrent Closing of Over-Allotment Option

Counsel to the underwriters in connection with Dollarama's $287,567,850 bought deal secondary offering of common shares.  More

Wavefront Technology Solutions Completes Brokered Private Placement of Units

Counsel to Casimir Capital LP, the agent, in the $21,920,157 offering of units of Wavefront Technology Solutions.  More

Mega Uranium Completes Sale of South American Uranium Exploration Properties

Counsel to Mega Uranium Ltd. in connection with the sale of its South American assets (together with $4 million) to U3O8 Corp. in exchange for 30.5 million shares of U3O8 and subsequent dividend-in-kind of such U3O8 shares to Mega's shareholders.  More

Williams Creek Explorations Completes Private Placement and Change in Management

Counsel to a group of private investors advised by Interinvest Corporation in connection with a $2.5 million private placement by Williams Creek Explorations Limited (TSXV: WCX)  More

International Finance Corporation closes Investment with Antares Minerals Inc.

Counsel to International Finance Corporation, a member of the World Bank Group, in connection with its investment of $7.5 million in Antares Minerals Inc.  More

Capital Desjardins Completes $900M Offering of Series G Senior Notes

Counsel to the agents in the issuances by Capital Desjardins of $900 million of 5.187% Series G Senior Notes.  More

Aeterna Zentaris Completes US$15 Million Registered Direct Offering of Common Shares and Warrants

Counsel to Aeterna Zentaris Inc. in the issuance in the United States of an aggregate amount of US$15 million of units comprised of common shares and common share purchase warrants by way of registered direct offering.  More

RBC Completes US$1.5 Billion Offering

Counsel to Royal Bank of Canada in connection with the US$1.5 billion offering in the United States under Rule 144A, in Canada on a private placement basis and in Europe of covered bonds  More

Yellow Media Inc. Acquires Canpages

Counsel to Yellow Media. in connection with its $225 million acquisition of Canadian Phone Directories Holdings Inc., and its wholly-owned subsidiary Canpages, a local search and directories publisher.  More

Bombardier Completes Refinancing Comprised of Issuance of US$1.5 Billion of New Senior Notes and US$1.0 Billion Debt Tender Offer in the United States and Europe

Counsel to Bombardier Inc. in connection with a new cross-border offering of US$1.5 billion aggregate principal amount of new senior notes due 2018 and 2020, and a multi-jurisdictional debt tender offer to purchase US$1.0 billion aggregate principal amoun  More

GLV Inc. Closes $43,610,000 Bought Deal Private Placement of Shares

Counsel to a group of underwriters, led by RBC Dominion Securities and National Bank Financial, in the $43,610,000 bought deal private placement offering of class A subordinate voting shares of GLV Inc.  More

Groupe Aeroplan Acquires Carlson Marketing

Counsel to Groupe Aeroplan in connection with its US$175.3 million acquisition of Carlson Marketing Worldwide.  More

International Finance Corporation closes Private Placement with Eurasian Minerals Inc

Counsel to International Finance Corporation, a member of the World Bank Group, in connection with its investment of US$5 million in Eurasian Minerals Inc.  More

International Finance Corporation closes Private Placement with Volta Resources Inc

Counsel to International Finance Corporation, a member of the World Bank Group, in connection with its investment of $4 million in Volta Resources Inc.  More

Nortel Completes Sale of Optical Networking and Carrier Ethernet Business to Ciena Corporation

Canadian counsel to Nortel in connection with its multi-jurisdictional insolvency proceedings including its agreement to sell substantially all of the assets of Nortel's global Optical Networking and Carrier Ethernet Business to Ciena Corporation.  More

Garda Completes Private Placement of Senior Notes in Connection with Bank Refinancing

Counsel to Garda in a private placement in the United States and Canada of two series of 9.75% senior unsecured notes due 2017 in the aggregate principal amounts of US$250 million and $75 million and a bank refinancing consisting of a $215 million secured  More

Æterna Zentaris Files US$60 Million Short Form Base Shelf Prospectus

Counsel to Æterna Zentaris in connection with the filing of a Canadian short form base shelf prospectus and a concurrent registration statement on Form F-3 filed with the SEC  More

La Caisse centrale Desjardins du Québec completes the issue of €1 Billion Floating Rate Deposit Notes due March 2012

Counsel to the Joint Lead Managers in connection with Caisse centrale Desjardin's issue of €1 Billion Floating Rate Deposit Notes due March 2012. The Notes were listed on the Regulated Market of the London Stock Exchange.  More

RBC Completes $850 Million Offering of Covered Bonds

Counsel to Royal Bank of Canada in connection with the offering in Canada of covered bonds in an aggregate amount of $850 Million due March 16, 2015  More

Province of Manitoba Completes the Issue of US$600 Million 2.125% Global Debentures Series FO due April 22, 2013

Counsel to the dealers in connection with the issue of US$600 Million 2.125% Global Debentures Series FO due April 22, 201 by the Province of Manitoba  More

Province of Manitoba renews its US$2.5 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the update of Province of Manitoba's US.$2.5 Billion Euro Medium Term Note Programme  More

RR Donnelley & Sons Company to Acquire Bowne & Co Inc.

Canadian Counsel to RR Donnelley in connection with its takeover bid for Bowne & Co. Inc  More

Eastmain Resources Completes Brokered Private Placement

Counsel to Casimir Capital LP, the agent, in the $5 million offering of flow-through common shares of Eastmain Resources Inc.  More

African Minerals Limited Completes £80 million Underwritten Private Placement

Canadian counsel to African Minerals Limited in connection with its private placement of 20 million common shares to North American and offshore subscribers for gross proceeds of £80 million ($130.2 million).  More

Dollarama Inc. Completes $300 million IPO

Counsel to the underwriters in connection with Dollarama Inc.'s $300 million initial public offering  More

International Finance Corporation closes Private Placement with Helio Resource Corp.

Counsel to International Finance Corporation, a member of the World Bank Group, in connection with its investment of $6.2 million in Helio Resources Corp  More

NStein Technologies to be Acquired by Open Text

Counsel to NStein Technologies Inc., a technology firm developing next-generation, multilingual content management solutions, in its proposed acquisition by Open Text Corp., a global enterprise software solutions company.  More

Calisolar Acquires 6N Silicon and Completes Private Placement

Counsel to California-based Calisolar Inc. in connection with acquisition of 6N Silicon Inc. and a private placement of US$22.5 million.  More

Kingsway Financial Announces Sale of Jevco Insurance to The Westaim Corporation

Counsel to Kingsway Financial Services Inc. in connection with a definitive purchase agreement to sell all of the issued and outstanding shares of Jevco Insurance Company to The Westaim Corporation  More

Nortel Completes the Sale of its Enterprise Solutions Unit to Avaya

Canadian counsel to Nortel in connection with the auction sale of its Enterprise Solutions business unit to Avaya for US$900 million.  More

Dollarama Inc. Completes a Secondary Offering of an Aggregate of 13,150,000 Common Shares

Counsel to the underwriting syndicate, led by RBC Dominion Securities, in connection with Dollarama's $282,725,000 bought deal secondary offering of common shares  More

Videotron Completes $300 Million Private Placement of Senior Notes

Canadian and U.S. counsel to Videotron Ltd. in the institutional private placement in Canada and the United States of $300 million aggregate principal amount of Videotron's 7.125% Senior Notes due 2020  More

ecobee Inc. Completes Financing

Counsel to ecobee Inc. in connection with its private placement financing to a group of venture capitalists as well as the Ontario Emerging Technologies Fund — the first financing completed by OETF.  More

Northern Star Mining Completes Sale of Units

Counsel to Casimir Capital LP, the agent, in the $5,185,000 offering of units of Northern Star Mining Corp.  More

TransGaming Completes Sale of Units

Counsel to TransGaming Inc., the issuer, in the $8,912,239 offering of units pursuant to its brokered private placement financing.  More

Cathay Forest Products Issues $15.25 Million in Common Shares

Counsel to Cathay Forest Products Corp. in connection with the issue of 15.25 million of Common Shares which closed on December 15, 2009.  More

MEGA Brands Initiates Recapitalization Transaction

Counsel to the Committee of Independent Directors of MEGA Brands in regards to its recapitalization transaction.  More

Cossette Agrees to be Acquired by Mill Road Capital

Counsel to the Special Committee of the Board of Directors of Cossette Inc. with regards to an unsolicited and non-binding proposal to be acquired by Cosmos Capital and the ultimate sale of the company to Mill Road Capital for $131.5 million.  More

Province of British Columbia renews its US$6 Billion Euro Debt Issuance Programme

Counsel to the dealers in connection with the update of Province of British Columbia's US$6 Billion Euro Debt Issuance Programme.  More

Québec completes issues of CHF200 Million 2.875% Euro Medium Term Notes

Counsel to the dealers in connection with Québec's issue of CHF200 million 2.875% Notes due December 17, 2021 under its U.S.$18 billion Euro Medium Term Note Programme.  More

Bank of Montreal renews its US$20 Billion Euro Note Issuance Programme

Counsel to the dealers in connection with the update of Bank of Montreal's US$20 Billion Euro Note Issuance Programme.  More

La Caisse centrale Desjardins du Québec renews its €7 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the update of La Caisse centrale Desjardins du Québec's €7 Billlion Euro Medium Term Note Programme.  More

OPMEDIC Group Completes $4 Million Underwritten Private Placement and Secondary Offering

Counsel to OPMEDIC Group Inc. and the selling shareholders in an underwritten private placement of $2.1 million of new common shares and a concurrent underwritten secondary offering private placement of approximately $1.9 million of common shares sold by  More

Sabina Gold & Silver Corp. Completes Private Placement of Flow-through Common Shares

Counsel to the syndicate of underwriters, led by Dundee Securities Corp., in connection with a $7.3 million "bought deal" private placement of flow-through common shares of Sabina Gold & Silver Corp.  More

Virginia Mines Completes Sale of Additional Flow-through Common Shares

Counsel to Casimir Capital LP, the agent, in the $1,273,016.10 offering of flow-through common shares of Virginia Mines Inc.  More

Nortel Selects Ciena as Successful Bidder for Optical Networking and Carrier Ethernet Business

Canadian counsel to Nortel in connection with its multi-jurisdictional insolvency proceedings including its agreement to sell substantially all of the assets of Nortel's global Optical Networking and Carrier Ethernet Businesses to Ciena Corporation.  More

Virginia Mines Completes Brokered Private Placement of Flow-through Common Shares

Counsel to Casimir Capital LP, the agent, in the $2,575,735 offering of flow-through common shares of Virginia Mines Inc.  More

RBC Completes $750 Million Covered Bond Offering

Counsel to Royal Bank of Canada in connection with the offering in Canada of covered bonds in an aggregate amount of $750 million which closed on November 10, 2009.  More

Baylis Medical Company Acquires Fralex Therapeutics

Counsel to Baylis Medical Company Inc., a leading supplier of high-technology cardiology, pain management, and radiology products, in connection with its acquisition of Fralex Therapeutics Inc., a medical technology company.  More

Rambler Metals and Mining PLC Completes Private Placement and Purchases Nugget Pond Gold Mill

Canadian counsel to Rambler Metals and Mining PLC in connection with Rambler's $9.4 million private placement of Ordinary Shares and $3.5 million purchase of a gold processing facility from Crew Gold Corporation.  More

Sierra Geothermal Power Closes the First and Second Tranche of a $7 Million Offering of Units

Counsel to Jacob Securities Inc. as agent in connection with a $7 million private placement by Sierra Geothermal Power.  More

FSTQ, SGF and CAE Complete a US$300M SPV Financing

Counsel to Fonds de solidarité des travailleurs du Québec (F.T.Q.) ("FSTQ") and Société générale de financement du Québec ("SGF"), and some of their respective affiliates, in connection with the creation of Flight Simulator - Capital L.P., a special purpo  More

Mega Uranium Completes First Public Financing

Counsel to Mega Uranium in connection with the company's first public financing, an offering of $50 million of Units, each Unit comprised of one common share and one half of one common share purchase warrant.  More

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

Counsel to the dealers in connection with the renewal of National Bank of Canada's US$5 Billion Euro Note Programme.  More

Caisse Centrale Desjardins Completes $500 Million Issuance in Two Series of Medium Term Deposit Notes

Counsel to a group of dealers led by Desjardins Securities in connection with Caisse centrale Desjardins' $250 million public offering of Series 2009 1 floating rate medium term deposit notes due 2011 and $250 million public offering of Series 2009-2 floa  More

Northern Star Mining Closes Brokered Private Placement of Unit Subscription Receipts and Flow-through Subscription Receipts

Counsel to Casimir Capital LP, one of the agents, in the $23,212,458 offering of unit subscription receipts and flow-through subscription receipts of Northern Star Mining Corp  More

Power Financial Corporation Issues $150 million of Non-Cumulative First Preferred Shares

Counsel to the underwriters in connection with Power Financial Corporation's issuance of six million Non-Cumulative First Preferred Shares by way of a prospectus supplement to its base shelf prospectus for gross proceeds of $150 million  More

DundeeWealth Completes Public Offering in Canada of $200 Million of 5.10% Notes

Counsel to DundeeWealth Inc. in connection with an offering of $200 million principal amount of 5.10% unsecured Series 1 Notes.  More

Aeterna Zentaris Completes Second Registered Direct Offering of Common Shares and Warrants

Counsel to Aeterna Zentaris Inc. in the issuance in the United States of an aggregate amount of US$5.5 million of units comprised of common shares and common share purchase warrants by way of registered direct offering.  More

Quebecor World Emerges from Chapter 11 and CCAA Protection

Counsel to Quebecor World Inc. in its successful emergence from creditor protection under the CCAA in Canada and, in respect of certain U.S. subsidiaries, Chapter 11 of the U.S. Bankruptcy Code.  More

Bowater Merges with Abitibi Consolidated

Counsel to Bowater Inc. in its US$9 billion merger of equals with Abitibi-Consolidated Inc.  More

Domtar combines with Weyerhaeuser's Fine Paper Business

Counsel to Domtar in the combining of the company with Weyerhaeuser's fine paper business and related assets.  More

International Consortium of Private Equity Investors Acquires Alexander Forbes Limited

Counsel to Caisse de dépôt et placement du Québec in connection with the $1.2 billion acquisition of Alexander Forbes Limited by an international consortium of private equity investors  More

Transat A.T. Completes $63 Million Share Offering

Counsel to the underwriters, led by National Bank Financial, in the bought deal public offering of Class A Variable Voting Shares and Class B Voting Shares of Transat A.T. Inc. for aggregate gross proceeds of $63,537,500.  More

Royal Dutch Shell plc Acquires the Minority Interest of Shell Canada Limited

Counsel to the special committee of directors of Shell Canada Limited in connection with Royal Dutch Shell plc's $8.7 billion offer to acquire the minority shareholding in Shell Canada - one of the largest minority acquisitions in Canadian history.  More

Dundee Completes $130 Million Public Offering of Shares

Counsel to Dundee Corporation in connection with the issue in Canada of $130 Million of Cumulative 5-Year Rate Reset First Preference Shares, Series 2  More

Canwest Global Files for Bankruptcy Protection

Counsel to the Special Committee of the Board of Directors of Canwest Global Communications in connection with Canwest's filing for protection pursuant to the Companies' Creditors Arrangement Act.  More

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

Counsel to the dealers in connection with the update of Financement-Québec's US$2 Billion Euro Medium Term Note Programme  More

Québec renews its US$18 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the update of Québec's US$18 Billion Euro Medium Term Note Programme.  More

Royal Bank of Canada renews its US$40 Billion Programme for the Issuance of Notes

Counsel to the issuer, Royal Bank of Canada, in connection with the update of its US$40 Billion Programme for the Issuance of Notes  More

Trans Québec & Maritimes Pipeline Inc. Issues $75 million of Series K Bonds

Counsel to a syndicate of agents led by Scotia Capital Inc. in Trans Québec & Maritimes Pipeline Inc.'s issuance of $75 million of Series K Bonds offered and sold on a private placement basis by TQM Pipeline and Company, Limited Partnership.  More

Canpages Acquires Gigpark

Counsel to Canadian local search firm Canpages in connection with its acquisition of all of the operating assets of online social networking company GigPark Inc.  More

Nortel Selects Avaya as Successful Bidder for Enterprise Solutions Unit

Canadian counsel to Nortel in connection with the auction sale of its Enterprise Solutions business unit to Avaya for US$900 million.  More

Kingsway 2007 General Partnership's $31 Million ''Dutch Auction'' Expires

Counsel to Kingsway 2007 General Partnership, an indirect wholly-owned subsidiary of Kingsway Financial Services Inc., in connection with its modified "Dutch Auction" tender offer for up to $31 million aggregate principal amount of its outstanding...  More

Kingsway Applies to Amend its Normal Course Issuer Bid

Counsel to Kingsway Financial Services Inc., in connection with its application to the Toronto Stock Exchange to accept a revision to the maximum number of shares that can be purchased pursuant to its normal course issuer bid that terminates on...  More

Kingsway Financial Services Offers to Purchase 1 Million Preferred, Retractable, Redeemable, Cumulative Units of Kingsway Linked Return of Capital Trust

Counsel to Kingsway Financial Services Inc. in connection with its offer, through KFS Capital LLC, an indirect wholly-owned subsidiary, to purchase up to a maximum of 1 million preferred, retractable, redeemable, cumulative units of Kingsway Linked...  More

Canpages Acquires ZipLocal

Counsel to Canpages in connection with its acquisition of all of the operating assets of ZipLocal Inc. (TSXV: ZIP) and its wholly-owned subsidiary, Zip411 Enterprises Inc.  More

Canpages Acquires ypOne Enterprises Canada

Counsel to Canpages in connection with its acquisition of all of the operating assets of ypOne Enterprises Canada, Inc. from A. Farber & Partners Inc., the court-appointed Interim Receiver of the assets, property and undertaking of ypOne.  More

International Finance Corporation Invests in Antares Minerals Inc.

Counsel to International Finance Corporation, a member of the World Bank Group that fosters sustainable economic growth in developing countries, in connection with its investment of $6 million in Antares Minerals Inc., resulting in an acquisition of...  More

Bell Aliant Issues $350 Million of Medium Term Notes

Counsel to the underwriters for Bell Aliant's offering of an aggregate principal amount of $350 million of 6.29% medium term notes due February 17, 2015.  More

Nortel Selects Ericsson as Successful Bidder for Purchase of CDMA Business and LTE Access Assets for US$1.13 Billion

Canadian counsel to Nortel in connection with the auction sale of its CDMA business and LTE Access assets to Ericsson for US$1.13 Billion.  More

Capital Desjardins Completes $500 Million Public Offering of Series F Senior Notes and $500 Million Public Offering of Series E Senior Notes

Counsel to the syndicate of dealers, led by Desjardins Securities Inc., in connection with the public issuance by Capital Desjardins Inc. of $1 billion of Senior Notes  More

Aeroplan Participates in a $600 Million Air Canada Credit Facility

Counsel to Aeroplan Canada Inc. in connection with a $600 million secured credit facility entered into by Aeroplan as a lender, which facility provided financing to Air Canada.  More

SNC-Lavalin Group Completes $350 Million Debenture Offering

Counsel to SNC-Lavalin Group Inc. in its offering of an aggregate principal amount of $350 million of 6.19% debentures due July 3, 2019.  More

RONA Completes a Bought Deal Public Offering of over $172 Million of Common Shares

Counsel to RONA inc. in connection with its bought deal public offering of common shares for gross proceeds of $172,531,050.  More

Sabina Silver Completes "Bought Deal" Private Placement of Common Shares and Flow-through Common Shares

Counsel to the syndicate of Underwriters, co-lead by Dundee Securities Corporation and BMO Capital Markets, in connection with a $18 million "bought deal" private placement of common shares and flow-through common shares of Sabina Silver Corporation in Ca  More

Public Offering of Shares of GLV Inc. Closes

Counsel to a group of underwriters, led by RBC Dominion Securities Inc., in the bought deal public offering of class A subordinate voting shares of GLV Inc. for aggregate gross proceeds of $38,352,500.  More

ATCO Ltd. combines ATCO Structures, ATCO Frontec and ATCO Noise Management

Counsel to the Special Committee of the Board of Directors of ATCO Ltd in connection with its agreement to combine ATCO Structures and ATCO Noise Management, both wholly-owned subsidiaries of ATCO Ltd., with ATCO Frontec, a wholly-owned subsidiary of Cana  More

Bell Canada Issues $1 Billion of 4.85% Debentures

Counsel to the agents, led by RBC Dominion Securities Inc. and TD Securities Inc., in Bell Canada's issuance of $1 billion 4.85% Debentures, Series M-20, due June 30, 2014.  More

Aeterna Zentaris' Registered Direct Offering of Common Shares and Warrants

Counsel to Aeterna Zentaris Inc. in the issuance, in the United States, of units comprised of common shares and common share purchase warrants by way of registered direct offering, for gross proceeds of US$10 million.  More

Semafo Completes $40,519,500 Offering of Common Shares

Counsel to Thomas Weisel Partners Canada Inc., the lead underwriter in connection with the offering by Semafo inc. of 17,850,000 common shares by short form prospectus to raise gross proceeds of $40,519,500.  More

Kaboose Inc. Completes the Sale of its UK Subsidiary and Substantially all of its North American Assets

Counsel to Allen & Company LLC, financial adviser to Kaboose Inc., in connection with the sale of Kaboose's UK subsidiary to Romeo Bidco Limited, an affiliate of Barclays Private Equity Limited for £54 million in cash less third party debt outstanding at  More

Genco Resources Closes $4,991,920 Brokered Private Placement of Units

Counsel to Casimir Capital LP, the agent, in the $4,991,920 offering of units of Genco Resources Ltd.  More

British Columbia Completes the Issue of CHF 275 Million 2.875% Notes Under its US$6 Billion Euro Debt Issuance Programme

Counsel to the dealers in connection with the Province of British Columbia's issue of CHF 275 Million 2.875% Notes due November 27, 2018 under its U.S.$6 Billion Euro Debt Issuance Programme.  More

Manitoba completes the issue of CHF 300 Million 2.25% Notes Under its US$2.5 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the Province of Manitoba's issue of CHF 300 Million 2.25% Notes due May 5, 2014 under its U.S.$2.5 Billion Euro Medium Term Note Programme.  More

Québec completes the issue of EUR1.5 Billion 5.00% Notes Under its US$18 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the Province of Québec's issue of EUR1.5 Billion 5.00% Notes due April 29, 2019 under its U.S.$18 Billion Euro Medium Term Note Programme.  More

Petaquilla Minerals Closes $US 40 Million Brokered Private Placement of Convertible Senior Secured Notes

Counsel to Casimir Capital LP, the agent, in the $US 40 Million offering of units of Petaquilla Minerals Ltd.  More

Breakwater Resources Completes $23 Million Public Offering of Units

Counsel to Dundee Corporation in connection with its purchase of units under the $23 million public offering of units by Breakwater Resources Ltd. to maintain Dundee's 25.2% equity interest in Breakwater.  More

Royal Bank of Canada Completes a Bought Deal Public Offering of $325 Million of Preferred Shares

Counsel to RBC in connection with the issue in Canada of $325 million of Non-Cumulative Five Year Rate Reset First Preferred Shares Series AX.  More

Power Corporation of Canada Issues $400 Million of Debentures

Counsel to the agents in the issue by Power Corporation of Canada of $250 million of 7.57% debentures due April 2019 and of $150 million of 8.57% debentures due April 2039  More

Royal Bank of Canada Completes a "Bought Deal" Public Offering of $400 Million of Preferred Shares

Counsel to RBC in connection with the issue in Canada of $400 million of Non-Cumulative Five Year Rate Reset First Preferred Shares Series AV.  More

Capital Desjardins completes $500 Million Public Offering of 5.756% Series E Senior Notes

Counsel to the dealers in connection with Capital Desjardins' $500 Million public offering of 5.756% Series E Senior Notes due April 1, 2019  More

RBC Completes a "Bought Deal" Public Offering of $275 Million of Preferred Shares

Counsel to Royal Bank of Canada in connection with the issue in Canada of $275M of Non-Cumulative Five Year Rate Reset First Preferred Shares Series AT.  More

Province of Manitoba renews its US$2.5 Billion Euro Medium Term Note Programme

Counsel to the dealers in connection with the update of Province of Manitoba's U.S.$2.5 Billion Euro Medium Term Note Programme  More

Québec completes issues of CHF275 Million 3.125% Notes and CHF200 Million 3.875% Notes

Counsel to the dealers in connection with Québec's issues of CHF275,000,000 3.125% Notes due December 11, 2015 and CHF200,000,000 3.875% Notes due December 11, 2018  More

Videotron's US$260 Million Private Placement of Senior Notes

US and Canadian counsel to Videotron Ltd. in the institutional private placement in the United States and Canada of US$260 million aggregate principal amount of Videotron's 9.125% Senior Notes due 2018.  More

Prestige Telecom completes $4.5M common share and $4.5M convertible note private placement financing with Novare Holding

Counsel to Novare Holding Inc., a private company controlled by Guy Laliberté, with respect to a $4.5 million common share and a $4.5 million convertible note private placement financing into Prestige Telecom Inc.  More

National Bank of Canada Completes Public Offering of $145M of Non-Cumulative 5-Year Rate Reset First Preferred Shares

Counsel to the syndicate of underwriters in connection with the public offering by National Bank of Canada of 5,800,000 Non Cumulative 5-Year Rate Reset First Preferred Shares Series 26.  More

Registration of Randisi Investment Counsel

Counsel to Randisi Investment Counsel Inc. with respect to its incorporation and registration as a securities adviser with an unrestricted practice with the Québec Autorité des marchés financiers.  More

Fronteer Development Group acquires Aurora Energy Resources

Counsel to the Special Committee of the Board of Directors of Aurora, which was the subject of an insider take-over bid by Fronteer.  More

Caisse centrale Desjardins Completes Issue of €500M, 5.375% Deposit Notes

Counsel to the dealers in connection with La Caisse centrale Desjardins du Québec's issue of €500M 5.375 %. Deposit Notes.  More

Semafo's $23M+ Common Shares Offering

Counsel to Thomas Weisel Partners Canada Inc., the lead underwriter in connection with the offering by Semafo of common shares.  More

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

Power Financial Completes a "Bought Deal" Public Offering of $175M of Non-Cumulative, Series M 5 Year Rate Reset First Preferred Shares

Counsel to the Underwriters, in connection with the issue of $175M of Series M 5 Year Rate Reset First Preferred Shares of Power Financial.  More

Petaquilla Closes $20M Supplemental Senior Secured Notes Financing

Counsel to Casimir Capital LP, the agent, in the US $20,000,000 offering of units of Petaquilla Minerals Ltd.  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

Merge Healthcare Announces Successful Completion of $20M Financing

Counsel to Merge Healthcare, a leading medical imaging software and services provider, in its $20M financing with Merrick.  More

Formation and OSC Registration of EcoRock Asset Management and Associated Fund

Advisor to EcoRock Asset Management and EcoRock Opportunities fund regarding formation and Ontario Securities Commission registration.  More

BCE Inc. and Bell Canada Offer to Repurchase up to $1.95 Billion of BCE and Bell Canada Debt Securities

Counsel to RBC Capital Markets in connection with BCE's and Bell Canada's offer to repurchase up to$1.95 billion of debt securities issued by BCE and Bell Canada.  More

Enobia Completes Third Tranche of its $40.1M Private Financing

Counsel to Enobia Pharma, a biopharmaceutical company developing therapeutics for the treatment of severe orphan disorders affecting the bone, for the third tranche of its private financing.  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

RBC Issues $400M of Series AJ First Preferred Shares

Counsel to Royal Bank of Canada in connection with their public offering in Canada of $400 million of Series AJ First Preferred Shares.  More

Wajax Acquires Weir Process Equipment

Counsel to Wajax through its business units Kinecor Limited Partnership and Spencer Industries Inc., as purchasers, in the $25M+ purchase of the assets and property of Weir Process Equipment.  More

Northern Star Completes Sale of an Additional US$8,000,000 of Units

Counsel to Casimir Capital LP, the agent, in the US $8M offering of units of Northern Star Mining Corp.  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

Polaris Geothermal Closes $27M Debenture Private Placement

Counsel to Jacob & Company Securities Inc. in its role as agent, on the offering of 27,000 units of Polaris Geothermal 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

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

Videotron Completes US$455 Million Private Placement of Senior Notes

Counsel to Videotron Ltd., the third largest cable operator in Canada, in connection with its completion of a US$455 million private placement of senior notes.  More

Montréal Exchange Inc. Begins Trading on Toronto Stock Exchange

The common shares of Montréal Exchange Inc., Canada's financial derivatives exchange, began trading on Toronto Stock Exchange under the symbol MXX.  More

Mecachrome Initiates IPO

Advised Mecachrome International Inc., for both the Canadian and U.S. aspects of the transaction, in its filing of a final prospectus for an initial public offering.  More

Bioniche Life Sciences Receives $17.5 Million for Offering

Acted for Bioniche Life Sciences in its offering of 14,583,33 units for gross proceeds of $17.5 million.  More

Royal Bank Issues Series AG First Preferred Shares

Acted as counsel to Royal Bank of Canada in connection with the issue in Canada of CAN$250 million of Series AG First Preferred Shares.  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

Quebecor Media Successfully Completes its Privatization of Nurun Inc.

Acted as counsel to Quebecor Media in the context of a take-over bid. The total value of the transaction was approximately $76 M.  More

Ogilvy Renault Represents Hochschild Mining plc in $64.6 Million Deal

In connection with its $64.6 million strategic investment in Lake Shore Gold Corp. for a 19.9% equity interest. The deal included rights to increase to a 40% fully diluted equity interest.  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

TVA Group Repurchases $51M in Class B Non-Voting Shares

Acted as counsel to TVA Group Inc. in its $51,000,000 offer to repurchase up to 3,000,000 of its Class B Non-Voting Shares under a substantial issuer bid.  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

Solidarity Fund QFL Purchases the $100M Unsecured Debenture of TFI Holdings

Counsel to Solidarity Fund QFL in the purchase of a $100M unsecured debenture of TFI Holdings, a wholly owned subsidiary of TransForce Inc.  More

Hydro-Québec's Request for Proposals and Award of Wind Farm Contracts with a Potential Investment Value of $5.5 Billion

Represented Hydro-Québec during the process that led to it being awarded 15 contracts to develop wind farms.  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

Tembec Completes Recapitalization

Represented BMO, the financial advisor to Trembec's recapitalization.  More

National Bank of Canada Completes Public Offerings of Over $200M in Preferred Shares

Represented the syndicate of underwriters in connection with the public offering by National Bank of Canada of Preferred Shares.  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

Petaquilla Minerals Closes Brokered Private Placement of Units Through Casimir Capital

Acted as counsel to Casimir Capital LP, the agent, in the US $32,250,000 offering of units of Petaquilla Minerals Ltd.  More

Vista Gold Corp Completes Offering of $US30M Secured Notes

Acted as counsel to the agent, Casimir Capital LP, pursuant to their agency agreement with Vista Gold Corp.  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

Bell Aliant Regional Communications Limited Partnership Files Short Form Base Shelf Prospectus

Acted for the syndicate of agents, co-led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and TD Securities Inc.  More

Quebecor World Makes High-Yield Offering of US$400,000,000 9¾% Senior Notes

Senior Notes issued and sold on a private placement basis in the United States and to a limited number of accredited investors in Canada  More

Æterna Zentaris Offers Subordinate Voting Shares of Atrium Biotechnologies Inc.

Acted for the Quebec City-based biopharmaceutical company in its $55 million secondary offering  More

Events
The Canadian Institute's Advanced Forum on Derivatives - Reducing Counterparty and Legal Risks in Derivatives Transactions

Barry Segal and Alana Hunt are both speakers at this conference.  More

The Activist Investor Conference 2010

Along with corporate managers, investors and proxy advisors, Walied Soliman and Orestes Pasparakis present a 360 degree view of activist investment strategies and their impact on corporate performance and returns.  More

Benefits Canada Webinar: Ready for IFRS?

David Vincent and Andrew Welsh are presenters of this webinar.  More

Legal Matters Seminar Series - IMAX Decision: Class Action for Statutory Misrepresentation Claim to Proceed

In December 2009, an Ontario court certified Canada's first secondary market liability class action for misrepresentations under the Ontario Securities Act civil liability provisions.  More

IFRS Breakfast Seminar

Ogilvy Renault is pleased to invite you to a breakfast seminar on International Financial Reporting Standards (IFRS), featuring guest speaker Marion Kirsh, Associate Chief Accountant, Ontario Securities Commission.  More

Proxy Fights: The Strategic Alternative to Takeover Bids

Join Ogilvy Renault for this interactive seminar, with speakers from the United States and Canada, and find out what companies, directors and investors need to know to take advantage of—and defend against—proxy fights.  More

Thunder Bay Law Association 2009 Continuing Legal Education Program

Jay Lefton is a speaker on stock options and other equity-based incentives for employees and consultants at this conference.  More

ACC 2009 Annual Meeting: The Association of Corporate Counsel's Annual Meeting (Boston, USA, October 18-21, 2009)

It's October and again we turn our attention to an important event for our firm as well as for our clients - the Association of Corporate Counsel's (ACC) Annual Meeting. This year, it will take place in Boston, Massachusetts from October 18-21, 2009.  More

Impact of New TSX Rules on Public Acquisitions: What You Need to Know NOW.

Please join us for a live audio webcast on Wednesday, October 7 at 12:00 pm on the implications of the recently announced Toronto Stock Exchange amendments requiring TSX listed issuers to obtain security holder aproval of acquisitions of public companies.  More

Sault Ste. Marie Innovation Centre Workshop

Jay Lefton is a speaker on various legal topics at SSMIC's upcoming workshop in September.  More

WAISC'09 - 8th Annual World Alternative Investment Summit Canada

Walied Soliman is a speaker at the session on Islamic finance.  More

CICA Annual IFRS Conference - Critical Issues in Implementation

Dawn Whittaker presents a session entitled Preparing Your MD&A.  More

2009 IFRS In Canada - Business Issues and Conversion Strategies

Dawn Whittaker and Andrew Welsh, partners in the Business Group, present a session entitled Key Legal Considerations for IFRS Convergence Planning.  More

IFRS Adoption: Practical Solutions for Deposit Taking Institutions

Dawn P. Whittaker, Partner, presents CSA Update, a session that will provide practical tips and advice on preparing a top-notch MD&A during the transition period and going forward.  More

The Essentials of Investor Relations

Dawn Whittaker presents a session entitled Keeping Current on Regulatory Changes.  More

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

2008 Financial Accounting and Reporting Update for International Regulatory Compliance

Dawn Whittaker presents a session on Key Legal Considerations for IFRS Convergence Planning and Continuous Disclosure.  More

Publications
Venture Issuer Consultation

The securities regulators in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick and Nova Scotia recently published a consultation paper designed to assess market interest in developing a more tailored approach to regulating venture issuers.  More

Federal Government Proposes Canadian Securities Legislation

The Government of Canada has recently released proposed federal securities legislation which marks a key step towards its commitment to establish a Canadian securities regulator.  More

Listing in Canada: An Opportunity for Cleantech Issuers

Canada, which is already a world leader in resource finance, also offers a favourable climate for public listings and capital raising for Canadian and foreign cleantech companies.  More

Toronto and Tel Aviv Exchanges Sign MoU: Is Dual-Listing on the Horizon?

On February 10, 2010, the Toronto Stock Exchange and the Tel Aviv Stock Exchange announced the signing of a Memorandum of Understanding to formalize cooperation between the TASE and both the Toronto Stock Exchange and the TSX Venture Exchange.  More

Canadian Covered Bond Legislation Contemplated As Part of Federal Budget

Having been involved in the establishment of covered bond programs for Canadian financial institutions from the outset, we are pleased to see that the Government's March 2010 budget contemplates the introduction of covered bond legislation.  More

New Insider Reporting Regime to Take Effect in Canada

On January 22, 2010, the Canadian Securities Administrators published advance notice that they will adopt a new reporting regime for insiders of public issuers in Canada.  More

Legislative Amendments Affecting the Securities Sector in Quebec

Many of the provisions of the Act to amend various legislative provisions principally to tighten the regulation of the financial sector came into force on December 4, 2009. The text of the Act can be found on the website of the...  More

IMAX Decision - Secondary Market Liability for Misrepresentations

On December 14, the Ontario Superior Court released its long-awaited reasons in IMAX. This is the first judicial interpretation of the leave requirements which must be met by a shareholder wishing to bring a civil secondary market liability claim...  More

GST/QST on Investment Manager Fees

On April 16, 2009 the Federal Court of Appeal released its decision which dealt with whether fully-discretionary investment management services were taxable supplies subject to GST.  More

Passport for Business - Fall 2009

Ogilvy Renault's Passport for Business magazine is a publication dedicated to the business and legal issues facing American and Canadian companies.  More

Quebec Court of Appeal Rules in Power Corporation du Canada c. MÉDAC

In a recent ruling Power Corporation du Canada c. Mouvement d'éducation et de défense des actionnaires, the Quebec Court of Appeal addressed certain issues related to section 157(1) of the Canada Business Corporations Act...  More

TSX to Require Security Holder Approval of Acquisitions of Public Companies by TSX Listed Issuers

On September 25, 2009, the Toronto Stock Exchange (the ''TSX'') adopted amendments to its Company Manual which will become effective on November 24, 2009 ( the ''Effective Date'').  More

New Registration Regime Introduced by Canadian Securities Administrators

National Instrument 31-103 Registration Requirements and Exemptions and Companion Policy 31-103 CP - Registration Requirements and Exemptions were published by the Canadian Securities Administrators on July 17, 2009.  More

Guidance on Transition to New Registration Regime

It is anticipated that National Instrument 31-103 - Registration Requirements and Exemptions will be published in final form July 17, 2009 and will take effect September 28, 2009.  More

Passport for Business - Spring 2009

Cross-border business and issues with a distinctly Canadian perspective.  More

Special Purpose Acquisition Corporations in Canada

Canadian Special Purpose Acquisition Corporation programs provide a new option for U.S. companies looking for an alternative to private equity for acquiring companies.  More

Update on Adoption of International Financial Reporting Standards

On May 21, 2009, the Canadian Securities Administrators issued Staff Notice 52-324, an update on the changeover to international financial reporting standards in Canada.  More

Battles Will Continue in Active Year for Proxy Fights

While most proxy fightshave been in the resource sector so far, the scope of possible activity could widen as share prices in all sectors continue to struggle and shareholders become more aggressive.  More

Your Guide to Doing Business in Canada

This Ogilvy Renault publication provides non-Canadian businesses, organizations and investors a concise overview of Canada's legal and regulatory framework that impact the conduct of business in Canada.  More

TSX Proposes Amendments to Require Security Holder Approval for Dilutive Public Company Acquisitions

The TSX has published for comment proposed changes to its Company Manual, which would require TSX listed issuers to obtain security holder approval where they propose to issue securities in connection with the purchase of a public company.  More

FINRA Proposes New Registration Category for Investment Bankers

FINRA believes the creation of this new customized limited registration category will result in enhanced investor protection and member compliance. The proposed rule is also intended to allow members to allocate their training resources more efficiently.  More

Canada's Extraordinary Financing Framework: New Announcements

On February 23, 2009, two initiatives were announced in the context of the Government of Canada's Extraordinary Financing Framework which supports financing for Canadian businesses and consumers.  More

The Quebec Derivatives Act Comes into Force

This legislation results from a need identified by a group of specialists from the Autorité des marchés financiers for modern legislation to provide oversight of the derivatives sector given the remarkable growth of derivatives transactions worldwide.  More

Federal Government Proposes Statutory Amendments to Assist Stability of Canadian Financial System

An overview of the amendments proposed by Bill C-10: An Act to implement certain provisions of the budget tabled in Parliament on January 27, 2009 and related fiscal measures.  More

New CEO/CFO Certification Requirements in Force December 15, 2008

National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings and its Companion Policy will repeal and replace the current certification rules and expand the certification and disclosure requirements with respect to ICFR.  More

Executive Compensation in Canada: New Disclosure Rules and Linking Pay to Performance

Andrew Fleming and Tracey Kernahan, lawyers in the Business Law Group, wrote an article for the December 2008 issue of Financier Worldwide on the new rules of executive pay disclosure.  More

Establishing a Defence Against Civil Liability for Misrepresentations Contained in Forward-Looking Information

The Ontario Securities Commission recently published Policy 51-604 - Defence for Misrepresentations in Forward-Looking Information. The Policy provides guidance to issuers who are attempting to establish a defence against their liability to investors.  More

New Rules on Executive Compensation Disclosure

The CSA has introduced new rules regarding the disclosure of executive compensation which are intended to improve the quality of such disclosure.  More

TSX Publishes Listing Rules For Special Purpose Acquisition Corporations

On August 15, 2008, the Toronto Stock Exchange (TSX) published for comments proposed new rules regarding the listing on the exchange of special purpose acquisition corporations (SPACs).  More

New Regulations Regarding Principal Protected Notes to Take Effect July 1, 2008

An overview of the new federal regulations introduced in response to concerns about investments in PPNs given the increased variety and complexity of such products.  More

Canadian M&A in 2008: The After Party

Rick Sutin wrote about the M&A landscape amidst a slow American economy and a high Canadian dollar. The article appears in the 2008 Lexpert Guide to the Leading U.S./Canada Cross-border Corporate Lawyers in Canada.  More

Proposed Certification Rules

The Canadian Securities Administrators (the CSA) have published for public comment a new national instrument which, if enacted, would repeal and replace Multilateral Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings.  More

Planning for Canada's Conversion to International Financial Reporting Standards - Advance Disclosure Obligations

Canadian reporting issuers should be thinking about communicating to the market their conversion strategy and the potential impact of IFRS on their financial statements.  More

IBA Takeover Guide: Canada

Jay A. Lefton provides an introduction to key laws, regulations, and issues surrounding takeover bids in Canada. This is a joint initiative between the IBA's Corporate and M&A Law and Securities Law committees.  More

Montréal Exchange Inc.: No Insider Trading

On March 13, 2008, the Autorité des marchés financiers confirmed to Montréal Exchange Inc. (MX), following an investigation, that trading in MX's stock had not given rise to any offence.  More

OSC Releases Notice on Environmental Reporting Obligations

On February 28, 2008, the Staff of the Ontario Securities Commission released a Staff Notice on Environmental Reporting, which sets out the most thorough guidance to date on environmental disclosure for reporting issuers.  More

New Rules for Filing and Disclosing Material Contracts

Effective March 17, 2008 there will be new rules applicable to the filing and disclosure of material contracts with securities regulators.  More

Decision on Timely Disclosure of Merger Negotiations Released by the Ontario Securities Commission

On January 14, 2008, the Ontario Securities Commission (the Commission) issued its decision In the Matter of AiT Advanced Information Technologies Corporation (AiT), Bernard Jude Ashe (Ashe) and Deborah Weinstein (Weinstein).  More

New CSA Rules on Forward-Looking Information Will Take Effect December 31, 2007

Effective December 31, 2007, the Canadian Securities Administrators are amending several national instruments and forms which will implement new requirements for forward-looking information, including future-oriented financial information (FOFI)...  More

Civil Liability Remedy for Secondary Market Disclosure Now Available in Quebec

On November 9, 2007, An Act to amend the Securities Act and other legislative provisions[1] (the "Act") came into force.  More

Supreme Court of Canada Affirms Dismissal of Danier Leather Shareholder Class Action

The Supreme Court of Canada issued its decision in the shareholder class action suit Kerr v. Danier Leather Inc.  More

Proposed Internal Controls Certification

The Canadian Securities Administrators are proposing to introduce a new national instrument to repeal and replace Multilateral Instrument 52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings (MI 52-109).  More

Proposed New Rules on Executive Compensation Disclosure

The CSA recently published for public comment proposed amendments to National Instrument 51-102 - Continuous Disclosure Obligations (the "Proposed Amendments") and Form 51-102F6 - Statement of Executive Compensation (the "Form").  More

The CSA Propose a Harmonized Registration Regime

The CSA recently published for public comment proposed National Instrument 31-103 Registration Requirements (the Rule) and Companion Policy 31-103 CP (the Companion Policy).  More

Proposed CSA Rules Relating to Forward-Looking Information Including Future-Oriented Financial Information and Financial Outlooks

In December 2006, the Canadian Securities Administrators (CSA) published for comment proposed amendments to several national instruments and forms that would implement new requirements for forward-looking information, including future-oriented...  More

OSC Issues Decision in Sears Canada Bid

The Ontario Securities Commission recently released its decision regarding the proposed privatization of Sears Canada Inc. ("Sears Canada") by its U.S. parent, Sears Holdings Corporation ("Sears Holdings").  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

New Legislation for Liability for Continuous Disclosure Violations in Force on December 31, 2005

Secondary market investors will have statutory right of action for continuous disclosure violations effective December 31, 2005  More

Secondary Market Liability is Almost Here - An Ogilvy Renault LLP Seminar

Amendments to the Securities Act (Ontario) will come into force on December 31, 2005.  More

Ontario's New Civil Liability Regime for Continuous Disclosure Violations - as it Relates to Mutual Funds

Amendments to the Securities Act (Ontario) will come into force on December 31, 2005.  More

Impact of National Instrument 45 106 Prospectus and Registration Exemptions on Private Placements in Quebec

On September 14, 2005, the Autorité des marchés financiers (AMF) and the other Canadian Securities Administrators implemented National Instrument 45-106 Prospectus and Registration Exemptions...  More

Federal government announces moratorium on providing advance income tax rulings on flow-through structures, including income trusts

On September 8, 2005, the federal government issued a paper and launched consultations with the public on the tax treatment of income trusts.  More

National Instrument 55-101 Insider Reporting Exemptions is Amended

The Canadian Securities Administrators (CSA) will implement amendments to National Instrument 55-101 Insider Reporting Exemptions (the "Instrument") and Companion Policy 55-101CP (the "Policy") on April 30, 2005, subject to receipt of the necessary...  More

A National Approach to Corporate Governance is Finalized

On April 15, 2005, the Canadian Securities Administrators (CSA) published in final form National Policy 58-201 Corporate Governance Guidelines (the "Policy") and National Instrument 58-101 Disclosure of Corporate Governance Practices...  More

Proxy Season 2005: A Checklist for Issuers

Over the past year many changes have been introduced by the Canadian regulators, and other changes will become effective in the near future which will affect issuers this proxy season.  More

Securities Regulators Adopt Policy on Income Trusts

On December 3, 2004 the Canadian Securities Administrators (CSA) published and implemented National Policy 41-201 - Income Trusts and Other Indirect Offerings.  More

The CSA Propose a Unified Approach to Corporate Governance

On October 29, 2004, the Canadian Securities Administrators published proposed National Policy 58-201 Corporate Governance Guidelines and National Instrument 58-101 Disclosure of Corporate Governance Practices .  More

Changes on the Horizon in Quebec Securities Law: A Step Towards Harmonization

On November 11, the Minister of Finance introduced Bill 72, An Act to amend the Securities Act and other legislative provisions.  More

New Shortened Deadline for Filing Annual Financial Statements Could Impact 2005 Annual Meeting

Under the new Canadian continuous disclosure regime, reporting issuers, other than venture issuers, must now file and deliver their annual financial statements within 90 days of their year-end instead of within 140 days.  More

The Danier Decision: Important Guidance on Forecasts

A recent decision of the Ontario Superior Court of Justice should cause issuers, underwriters and their advisers to exercise caution in publishing and monitoring financial forecasts, particularly in the context of an initial public offering.  More

What You Need to Know about Changes to the Canadian Continuous Disclosure Regime

The Canadian Securities Administrators (CSA) recently published National Instrument 51-102 Continuous Disclosure Obligations (the CD Instrument) which is expected to come into force on March 30, 2004.  More

The Canadian Securities Administrators Venture Further into the Corporate Governance Arena

The Canadian Securities Administrators took a further step into the corporate governance arena by publishing proposed Multilateral Policy 58-201 Effective Corporate Governance and Multilateral Instrument 58-101 Disclosure of Corporate Governance...  More

2003 Annual Review

Highlights of some of our top cases in Securities, Mergers & Acquisitions, and Litigation.  More

CSA Corporate Governance Initiatives Impact on Assessing Directors' Duties?

Concern with restoring investor confidence in the capital markets and deterring corporate malfeasance has resulted in numerous corporate governance initiatives being undertaken in recent years in Canada.  More

Federal Legislative Measures Proposed to Combat Insider Trading and Criminal Negligence

On June 12, 2003, the Minister of Justice of Canada, the Honourable Martin Cauchon, tabled two bills in the House of Commons aimed at extending the application of the Criminal Code to Canadian businesses and organizations.  More

The CSA Propose Reforms To Enhance Investor Confidence

Following a ten-month consultation initiated by the Ontario Securities Commission, the Canadian Securities Administrators1 have released for public comment new proposed rules regarding audit committee composition and functions, certification of interim...  More

On-Line Insider Reporting System

The System for Electronic Disclosure by Insiders (SEDI), which was suspended last year, will be back on-line starting May 5. Insiders will be required to file insider trading reports on SEDI commencing June 9, 2003.  More

Limit Liability of Unitholders of Publicly Traded Trusts

The Government of Ontario announced on March 27, 2003 that it intends to introduce legislation to clarify that investors in publicly traded trusts will not be liable for the activities of the trust.  More

New Developments in Securities Regulation

Insider reports to be required for certain derivative transactions, OSC introduces new fee regime & CSA proposes simplification of resale rules.  More

TSE: Corporate Governance Standards & Listing Requirements

In late November 2002, The Toronto Stock Exchange corresponds with all listed companies and numerous other participants in the capital markets to explain the current statusof the proposed changes to its Corporate Governance Guidelines and announces...  More

New Regulatory Structure for the Quebec Financial Sector

On December 11, 2002, an amended Bill 107, An Act respecting the Agence nationale d'encadrement du secteur financier was enacted.  More

CSA Finalizes Policy on Selective Disclosure

On July 12, 2002, the Canadian Securities Administrators (the "CSA") adopted the final version of National Policy 51 201 Disclosure Standards (the "Policy").  More

Amendments to Security holder Communication Procedures

The Ontario Securities Commission has adopted a rule (National Instrument 54 101) (the "New Rule") which replaces National Policy Statement 41 (the "Old Policy")1 dealing with communications with shareholders and other securityholders.  More

Securities Law Update: Amendments to the Securities Act (Ontario) and Amended Disclosure Rules on Corporate Governance

On December 14, 1999, proposed amendments to the Securities Act (Ontario), the Commodity Futures Act and the Toronto Stock Exchange Act received royal assent and came into effect.  More

Media Highlights
Toronto Stock Exchanges Rule The Cleantech Roost

The TMX Group is quietly becoming a leader in listings for clean technology companies. Richard Sutin comments in the National Post.  More

G8 et G20: Les enjeux

On the eve of the G8 and G20 summits in Canada, Michael Fortier addresses various issues on TVA pertaining to the international meetings.  More

Class Action Reaction

Jeremy Devereux talks to Lexpert about the impact of the Imax securities class action case may have on the development of statutory reforms.  More

Unsettled Law

Jeremy Devereux talks to Canadian Lawyer about the Silver v. IMAX Corp. securities class action.  More

Les initiés devront faire plus vite

Christine Dubé talks to Les Affaires about the new rules on insider reporting, which will impose the reporting obligations only on those officers who have significant power or influence.  More

Securities Class Actions Growing In Canada: Report

Jeremy Devereux says in Canadian Lawyer InHouse the decision to grant leave for the class action in the Silver v. IMAX Corp. case and the common law claims for secondary market misrepresentation will drive securities class actions in 2010.  More

Executive Bonanza May Loom

Trust conversions may trigger change of control provisions. Dawn Whittaker comments in the National Post.  More

Thierry Dorval and Walied Soliman Named Leading Lawyers Under 40

Ogilvy Renault LLP is pleased to announce Thierry Dorval and Walied Soliman, partners in the Business Law Group, are recipients of Lexpert's Leading Lawyers Under 40 award. The award honours Canada's rising stars of the legal community...  More

Insider Trading

Sophie Melchers talks to Lawyers Weekly about insider trading rules and how the concept of privileged information has evolved.  More

Proxy Fights

Should we expect to see more proxy fights in Canada? Orestes Pasparakis sits down with BNN's After Hours.  More

Le G20 a fait ses preuves

On Canal Argent, the Honourable Michael Fortier talks about the G20 Summit, saying representatives should be cautious in their negotiations on establishing a new regulatory framework for the financial industry.  More

Ogilvy Renault Ranks High In Corporate Finance Tables

In the Financial Post's Q2 2009 Corporate Financing tables, Ogilvy Renault ranked in the top five of two categories—and in the top ten of three others.  More

Best Canadian Law Firm Two Years In A Row: Ogilvy Renault Shines At ILA Awards

The International Legal Alliance Summit has named Ogilvy Renault the Best Canadian Law Firm for a second year in a row.  More

Obama Rewrites Financial Rules

Andrew Fleming is quoted in the Globe and Mail on President Barack Obama's sweeping overhaul of financial regulation in the United States.  More

Boardroom Battles Getting Personal

It's common for directors to hire private investigators to dig up information on opponents in proxy battles, says Walied Soliman in the Globe and Mail Law Page.  More

How To Go Public Cheaper And Faster

The streamlined approach of the Canadian National Stock Exchange gives small and mid-sized businesses another option to list their company, says Andrew Grossman in the National Post.  More

Ogilvy Renault Leads Canadian Firms in Euromarket Bonds

According to Bloomberg's third quarter league tables for 2008, Ogilvy Renault leads all Canadian law firms in Euromarket bonds as both issuer and manager advisers.  More

La prudence succède à la frénésie

Francis Legault, chair of our Corporate Finance and Securities team, analyzes the impact of the financial crisis on the M&A market, in La Presse.  More

A New Battleground

Walied Soliman talks to the Financial Post about the rise of proxy fights as a way for so-called shareholder activists to leverage control of their financial interests.  More

A Mid-2008 Report On Developments In Canadian M&A And Investment Law And Practice

Rick Sutin reviews the year in business so far, including an analysis of foreign investment and shareholder activism, in the September issue of ACC Docket's Canadian Briefings.  More

Clock Ticking On Accounting Change For Public Companies

The time is now to prepare for the switch to the International Financial Reporting Standards. Andrew Fleming explains in Law Times.  More

Ogilvy Renault Wins Canadian Gold Award for M&A and Corporate Finance

The International Legal Alliance has named Ogilvy Renault its Canadian Gold Award winner for 2008 in M&A and Corporate Finance. The award recognizes the best global performers in the legal profession.  More

Canadian M&A in 2008: The After Party

Rick Sutin wrote about the M&A landscape amidst a slow American economy and a high Canadian dollar. The article appears in the 2008 Lexpert Guide to the Leading U.S./Canada Cross-border Corporate Lawyers in Canada.  More

Raising Capital on the TSX and AIM - Canadian and UK Experts Look at the Facts

Most Canadian companies have historically listed on domestic exchanges. But recently, there has been a trend of smaller, growing companies listing on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE)...  More

Terence Dobbin Featured in Financier Worldwide

Terence S. Dobbin, a partner in Ogilvy Renault's Business Law practice, was invited to write a guest column in November's UK-based Financier Worldwide magazine.  More

Ogilvy Renault Acting for Alcan in US$38.1B Deal with Rio Tinto

When it comes to Canada's biggest deals, Ogilvy Renault LLP is there. Our firm is representing Alcan on the US$38.1 billion offer of acquisition by Rio Tinto.  More

Symmetry Holdings to acquire Novamerican Steel for US$582.2 million

Symmetry Holdings Inc. and Novamerican Steel Inc. announced that they have entered into a definitive agreement whereby Symmetry will acquire all of the issued and outstanding shares of Novamerican for US$585.2 million, or $56 per share, in cash.  More

Ogilvy Renault LLP Represents Montréal Exchange in its Original Stock Exchange Listing

Today, the common shares of Montréal Exchange (MX), Canada's financial derivatives exchange, began trading on the Toronto Stock Exchange under the symbol MXX.  More

Ogilvy Renault Represents Four Seasons Founder

The Four Seasons Hotel announced on November 6, 2006, that it had received a proposal to pursue a transaction through which it would be taken private.  More

Ogilvy Renault Appoints Renaud Coulombe As Montréal Chair of Business Law Group

Ogilvy Renault LLP is pleased to announce that Renaud Coulombe has been appointed as Chair of the Business Law Group in the Montréal office.  More

Ogilvy Renault Announces New Executive Appointments

Jacques Demers and Jim Riley to Lead Toronto Office.  More