Sept. 15, 2022 - A February 16, 2021 decision of the United States District Court for the Southern District of New York held, in In re Citibank August 11, 2020 Wire Transfers, 520 F. Supp. 3d 390, that lenders who received almost $900 million mistakenly wired to them by Citibank (the administrative...
Announcement
Two Davies Partners Listed in Who’s Who Legal: Project Finance 2018
Davies partners Carol Pennycook and Nick Williams have been recognized as global leaders in Project Finance by Who’s Who Legal 2018.
Davies’ Project Finance practice is widely acknowledged for its expertise across sectors, both in Canada and internationally. Our lawyers recently acted in the ConRAC project, part of the modernization program at LAX to prepare for the 2024 Summer Olympic Games. They also acted for the Independent Electricity System Operator in its landmark amended agreement with Bruce Power for the refurbishment of six nuclear units at the Tiverton-based nuclear generation station, the world’s largest operating nuclear facility.
Published since 1996, Who’s Who Legal identifies the world’s foremost legal practitioners in business law on the basis of comprehensive, independent research. The 2018 Project Finance list profiles 642 leading practitioners from 80 different countries.
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Canada Confirms Intention to Institute New Interest and Deductibility Rules
June 07, 2022 - Overview The Department of Finance (Canada) (Finance) released draft legislation on February 4, 2022 that would limit the deduction of “interest and financing expenses” to a fixed percentage of earnings before interest, taxes, depreciation and amortization (EBITDA) for Canadian income...
