Jan. 10, 2024 - What is a spurned seller’s recourse when a buyer walks away from a deal in breach of the purchase agreement? In private M&A, the answer is reasonably straightforward: sue the buyer to close the deal or to recover damages. In public M&A, however, the answer is murky at best. The problem arises...
Announcement
Ford, SK On and EcoPro BM Announce C$1.2-Billion Investment in Québec EV Battery Material Production Facilities
Earlier this week, Korea-based EcoPro BM, Ford and SK On announced their C$1.2 billion joint venture to build a new cathode manufacturing facility in Bécancour, Québec. This represents a significant investment in Canadian production of electric vehicle (EV) battery materials driven by a growing preference for EVs in North America.
Acting for EcoPro BM, Davies lawyers consulted on several aspects of the transaction, which represents a push toward a greener economy and speaks to growing cooperation and free trade between Canada and South Korea.
The Davies team on the transaction included: Michel Gélinas, Elise Beauregard, Antoine Le Bihan, Shayna Goldman and Andrew Coffey (Corporate), Sabina Han, Michael Kandev and Marie-Emmanuelle Vaillancourt (Tax), Sumeet Dang (IP and Licensing), Joseph Jarjour and Jonathan Godin (Real Estate and Government Incentives), Mark Katz (Competition), Marie-Claude Bellemare (Environment), Agnès Pignoly (Regulatory) and Marc-André Boutin (Contractual Matters).
Related
As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada
Oct. 20, 2023 - Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with competing demands. Activism has also been on the rise in response to M&A...
