Jan. 28, 2020 - The Supreme Court of Canada’s decision in 9354-9186 Québec Inc. v Callidus Capital Corporation unanimously overturned a unanimous decision of the Québec Court of Appeal. The Supreme Court’s decision, released on January 23, 2020, was issued from the bench with reasons to follow. The...
FCF Co., Ltd. Acquires Bumble Bee Foods
Davies acted as Canadian counsel for FCF Co., Ltd. in its US$928-million acquisition of all the assets of Clover Leaf Foods and Bumble Bee Foods, North America’s largest branded shelf-stable seafood companies, under a sale proceeding conducted under the Companies’ Creditors Arrangement Act and the U.S. Bankruptcy Code.
FCF, a Taiwanese company, is one of the world's largest integrated supply-chain service providers to the marine products industry, with 40-plus years of experience in the trading and marketing of tuna products. Clover Leaf Holdings, the Canadian operations of Bumble Bee, houses the company’s Canadian labels: Clover Leaf, Brunswick and Beach Cliff.
The sale closed on January 31, 2020.
The Davies team working on this transaction included Natasha MacParland, Natalie Renner, Emily Uza, Rob Nicholls, Mark Firman, Jim Dinning, Alysha Manji-Knight, Andrew Ellis, Daniel Pearlman and Stephen Dalby.
Jan. 15, 2020 - The official Annual Report under the Investment Canada Act (ICA) for the fiscal year 2018-19 was released at the end of 2019. This document sets out various statistics and other noteworthy developments during that time frame (i.e., April 1, 2018 to March 31, 2019) relating to the two...