Davies

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• Acted for Postmedia Network Inc. in the acquisition of the publishing business of Canwest LP under a sale proceeding conducted pursuant to the Companies' Creditors Arrangement Act. The assets included the largest publisher of English-language newspapers in Canada as well as an extensive portfolio of digital media and online assets. The aggregate enterprise value of the assets was estimated to be $1.1 billion. Also acted throughout the CCAA proceedings for an Ad Hoc Committee of Noteholders, comprised of 18 investment funds, which held the majority of Canwest LP's outstanding indebtedness and which provided a $250-million equity commitment to permit the acquisition.

• Acted for Newshore Financial and the conduits sponsored by it in connection with the restructuring of $7 billion of assets in such conduits as part of the recent restructuring of $32 billion of non-bank sponsored asset-backed commercial paper.

• Acting for Ernst & Young Inc., a Court-appointed Monitor, in connection with the restructuring of Quebecor World Inc. and 53 of its subsidiaries in excess of US$2.8 billion of liabilities and emerged from protection under the Companies' Creditors Arrangement Act and Chapter 11 of the U.S. Bankruptcy Code pursuant to Plans of Reorganization approved by creditors and courts in both countries.

• Acted for the Province of Ontario in the formation of the $205-million Ontario Venture Capital Fund.

• Acted as Canadian counsel for Najafi Companies in its acquisition of C International Income Fund (formerly Cinram International Income Fund). The transaction was implemented as a sale proceeding under the Companies' Creditors Arrangement Act (with recognition proceedings commenced under Chapter 15 of the United States Bankruptcy Code).

• Acted for subsidiaries of Grupo FerroAtlántica, S.A. in a successful bid for the acquisition of the solar-grade silicon assets of Timminco Inc. and Bécancour Silicon Inc. in connection with their insolvency proceedings under the Companies' Creditors Arrangement Act.

• Acted as special counsel to the Board of Directors of ING Bank of Canada in connection with the $3.1 billion acquisition of ING Bank of Canada by Scotiabank.

• Acting for the board of directors of ConCreate USL (G.P.) Inc. in connection with insolvency proceedings.

• Acted for PriceWaterhouseCoopers Inc. as information officer in the matter of Bowe Bell + Howell, the maker of high-speed mail-sorting equipment and software developer.

• Acting for RSM Richter Inc. as receiver in the matter of Polar Group.

• Acted for MMFX Technologies Corporation in the Companies' Creditors Arrangement Act proceedings of its Canadian subsidiaries and the sale of Canadian assets to its secured lender.

• Acted for Brainhunter Inc. and its subsidiaries in an acquisition by Zylog Systems (Canada) Ltd. and Zylog Systems (India) Limited pursuant to the Companies' Creditors Arrangement Act.

• Acting for a committee of bondholders of Redcorp Ventures in conjunction with Canadian Companies' Creditors Arrangement Act and receivership proceedings.

• Acted for DBRS Limited in connection with its rating of the new debt obligations issued under the restructuring of $32 billion of non-bank sponsored asset-backed commercial paper.

• Acted for the Province of Ontario in the formation of the Ontario Emerging Technologies Fund.

• Acted as counsel for Cooper-Standard Automotive Canada Limited in its filing under the Companies' Creditors Arrangement Act and related proceedings under Chapter 11.

• Acted on behalf of the court-appointed Monitor, RSM Richter Inc., in the restructuring of Eddie Bauer under the Companies' Creditors Arrangement Act and Chapter 11.

• Acted for WatchGuard Technologies, Inc. in its acquisition of the assets of BorderWare Technologies Inc. from a court-appointed receiver.

• Acted for Fuel Systems Solutions Inc. in its acquisition of the assets and technology of FuelMaker Corporation from a subsidiary of American Honda Motor Co., Inc.

• Acted as Canadian counsel for General Electric Capital Corporation on Canadian regulatory matters in connection with its acquisition of a commercial financing portfolio from CitiCapital Commercial Corporation and its affiliates in a transaction valued at US$13.2 billion.

• Acted for Sleep Country Canada Income Fund in its sale to Birch Hill Equity Partners and Westerkirk Capital Inc. in a negotiated takeover bid valued at $356 million.

• Acted for the Special Committee of Creststreet Power & Income Fund LP in connection with its strategic alternatives review process which culminated in the $121.6-million sale of its windpower subsidiaries to an affiliate of FPL Energy, LLC and the distribution of its net assets to unitholders.

• Acted as Canadian counsel to the Official Committee of Unsecured Creditors in the cross-border U.S. Chapter 11 and Companies' Creditors Arrangement Act proceedings pertaining to Pope & Talbot Ltd.

• Acted for Dundee Securities Corporation in connection with the restructuring of approximately $2 billion of short-term debt obligations and contractual obligations of Skeena Capital Trust, a Canadian third-party asset-backed commercial paper conduit. This transaction was the first negotiated restructuring of a Canadian third-party asset-backed commercial paper conduit affected by the August 2007 Canadian asset-backed commercial paper market disruption.

• Acted for Lehman Brothers in connection with the US$360-million purchase and resale of senior notes of Calpine Canada Resources Company.

• Acted for the Inspector in the winding-up of Confederation Life Insurance Company.

• Acted for private equity fund EdgeStone Capital Equity Fund III, LP in its $70-million negotiated takeover bid for Stephenson's Rental Services Income Fund.

• Acted for RSM Richter Inc. as monitor of MuscleTech Development Inc. under the Companies' Creditors Arrangement Act and proceedings under Chapter 15 of the U.S. Bankruptcy Code.

• Acted for CanWest Global Communications Corp., which with Torstar Corporation and Metro International S.A. formed a joint venture to publish English-language free daily newspapers in various Canadian cities. Subsidiaries of CanWest and Torstar will each have a 37.5% interest and a subsidiary of Metro International will have a 25% interest in the new venture.