May 28, 2020 - The U.S. Treasury Department has issued regulations for debt-equity recharacterization under section 385 of the Internal Revenue Code (the Final Regulations) that finalize without substantive change proposed regulations promulgated in October 2016 (the 2016 Proposed Regulations). Section 385...
Davies Named Canadian Tax Firm of the Year by International Tax Review
Recognizing our outstanding transactional tax work over the past year, International Tax Review presented Davies with the award for Canadian Tax Firm of the Year at the 2019 ITR Americas Tax Awards held on September 19 in New York. The award highlighted our involvement in several groundbreaking transactions, including Barrick Gold Corporation's US$18.3-billion share-for-share merger with Randgold Resources Limited; Apotex International Inc.'s sale of its European generics business to Aurobindo Pharma Limited; and Michelin Group's US$1.7-billion acquisition of Camso Inc.
Davies was also recognized for playing a key role in in two Impact Deals of the Year: Barrick’s merger with Randgold and Aurora Cannabis Inc.’s $2.5-billion acquisition of MedReleaf Corp.
Held annually, the ITR Americas Tax Awards celebrate the top tax practices and deals across the Americas, taking into consideration the value of the transaction, complexity, innovation and impact.
May 27, 2020 - As part of the federal government’s response to the COVID-19 pandemic, the Department of Finance recently published a draft legislative proposal, the Time Limits and Other Periods Act (COVID-19) (Proposal), that, if implemented, would provide for an automatic six-month suspension of...