Our Practice
Our Structured Finance practice includes over 25 lawyers in three offices with experience in general corporate, capital markets, banking, finance and taxation in addition to their expertise in the particulars of structured finance.  We are the leader in the Canadian securitization marketplace, built on a foundation of creating some of the first securitization transactions in Canada, and in some cases, the world. 

We have an active and broadly-based equipment leasing and financing practice, with transactions ranging from financing or refinancing a business to innovative and multi-jurisdictional deals involving leveraged leases, synthetic leases, tax-based structuring and sale/leasebacks relating to items such as aircraft, railway rolling stock and computer and technological equipment.

Our Clients
We represent virtually all categories of client in our Structured Finance practice, including:

• vendors
• purchasers/issuers
• liquidity providers
• credit enhancers
• rating agencies
• trustees and underwriters in asset securitizations
• borrowers/lenders and lessors/lessees in equipment financing and leasing transactions
• providers, counterparties, issuers and underwriters of derivatives and structured products

Recognition
The Canadian Legal Lexpert® Directory has recognized the practice as consistently recommended in each of Derivative Structures, Asset Securitization and Asset/Equipment Financing & Leasing.  Several of our lawyers are annually recognized in multiple categories of the Canadian Legal Lexpert® Directory, including four lawyers in the Derivative Instruments category, three lawyers in Asset Securitization, and two lawyers in Asset/Equipment Financing & Leasing.  Three of our lawyers are listed in Euromoney's Guide to the World's Leading Structured Finance Lawyers and two lawyers are recognized in the Who's Who of Business Lawyers in the Securitization category.

Organizational Leadership
We regularly advise the Investment Industry Regulatory Organization and The Investment Funds Institute of Canada on many issues related to derivatives and Davies is a member of the International Stocks and Derivatives Association.  Carol Pennycook is the current Chair of the Commodity Futures Advisory Board which consults with and advises the Ontario Securities Commission with respect to commodity futures contracts and options and other derivative instruments.