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
Eleven Davies Partners Recognized as Canada’s Leading Infrastructure Lawyers
The 2019 Report on Business/Lexpert Special Edition—Canada’s Leading Infrastructure Lawyers has named 11 Davies partners among the country’s best. The report is produced in partnership with the Canadian Council for Public-Private Partnerships.
Davies’ PPP and Infrastructure team is widely recognized as the leading practice of its kind in Canada, having reached successful financial close on approximately 40 greenfield PPP projects in Canada and the United States over the past 10 years.
Most recently, the team acted as transaction counsel in the successful closing of LAX Consolidated Rent-A-Car Centre project in Los Angeles, California; the final segment of the I-75 modernization project in Michigan; the Canadian Government’s district energy system modernization project in Canada’s capital region; and the $6.3-billion Réseau express métropolitain infrastructure project in Montréal, Québec. In addition, the team is currently involved in multiple active bids in Canada and the United States involving many different PPP asset classes.
The Report on Business/Lexpert Special Edition—Canada’s Leading Infrastructure Lawyers profiles a noted group of Lexpert-ranked practitioners who serve the infrastructure sector (including public-private partnerships).
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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...
