Louis-Martin brings extensive experience in high-stakes litigation and special situations.
Louis-Martin has been involved in virtually every recent major M&A and securities litigation in Québec. He also advises clients on a broad spectrum of corporate, competition and insolvency disputes, as well as investigations and white collar work. Clients in diverse industries, in North America and beyond, appreciate Louis-Martin’s business-minded and creative advice.
He is chair of the board of directors of Le Garde-Manger Pour Tous.
Formula E Operations Ltd.
Acting for Formula E Operations Ltd. (FEO) in connection with its claims arising from the City of Montréal's decision to cancel the Montréal ePrix. This includes asserting FEO's claims against the City of Montréal and in the bankruptcy proceedings of Montréal C'est Électrique, a non-profit corporation set up by the City for the purposes of acting as promoter of the Montréal ePrix.
Leading Gas Retailer
Acting for a leading gas retailer in two class actions alleging a conspiracy to fix gasoline prices in 14 different cities and regions in Québec.
Triumph Aerostructures, LLC
Acted for Triumph Aerostructures, LLC, in connection with its dispute with Bombardier Inc. regarding the wing designed and manufactured by Triumph for Bombardier's Global 7000 business aircraft, including a $455-million claim filed by Triumph before the Québec Superior Court. The dispute was ultimately resolved to both parties' satisfaction.
Oaktree Capital Management, L.P.
Acted for Oaktree Capital Management, L.P., in its opposition to the $475-million acquisition of Québec-based Tembec Inc. by Florida-based Rayonier Advanced Materials Inc.
Acted for Knight Therapeutics Inc. in successfully defending against the activist campaign, proxy contest and contested meeting led by Medison Biotech Ltd. with respect to Knight's 2019 annual meeting.
Acted for BCE Inc. and Bell Canada in a successful appeal to the Supreme Court of Canada in a landmark commercial case involving the proposed $51.7 billion privatization of BCE. The decision of the Supreme Court in this case set the standard in Canada for approval of plans of arrangement and claims of oppression. It also clarified the law concerning the duties of directors of public companies faced with potential change of control transactions. This case also resulted in the fastest commercial appeal ever heard by the Supreme Court of Canada. The appeal was heard by the Court and decided unanimously in favour of BCE less than 30 days after BCE launched its application for leave to appeal from a decision of the Québec Court of Appeal revoking approval for BCE's proposed plan of arrangement that had been granted by Justice Silcoff of the Quebec Superior Court following a lengthy and highly expedited trial.
Fonds de solidarité des travailleurs du Québec (FTQ)
Acting for the Fonds de solidarité des travailleurs du Québec (FTQ) in connection with a $20-million claim instituted by a shareholder against a former director.
Acted for Videotron Ltd. against a claim in excess of $18 million in connection with the termination of a share purchase agreement. Videotron terminated the agreement as a result of a material adverse event within the target. The matter was settled on the eve of the hearing before the Québec Court of Appeal.
Acting for O'Leary Funds, one of the largest unitholders of Boralex Power Income Fund (BPT), in connection with its opposition to the takeover bid made by Boralex Inc. for the outstanding units of BPT. O'Leary is challenging the legality of the takeover bid and is seeking an increased consideration for its units taken up in connection with the takeover bid.
Caisse de dépôt et placement du Québec
Acted for Caisse de dépôt et placement du Québec in connection with an investment of $1.9 billion in SNC-Lavalin Group Inc. to finance a portion of the acquisition by SNC-Lavalin of all the share capital of WS Atkins plc. The Caisse's investment is structured as (i) a loan of $1.5 billion, secured by the value and cash flows of SNC-Lavalin's interest in the Highway 407 ETR project; and (ii) a subscription of approximately $400 million in subscription receipts of SNC-Lavalin.
A Penalty Under GAAR Will Cause Ineligibility for Public Contracts in Québec
Mar. 23, 2020 - The Act mainly to establish the Centre d'acquisitions gouvernementales and Infrastructures technologiques Québec (Act) was assented to on February 21, 2020, by the National Assembly of Québec. The Act incorporates new provisions in the government procurement rules to combat abusive tax...
Country Perspective: Canada, co-author
Dec. 16, 2019 - Perspectives in Practice of the UNIDROIT Principles 2016: Views of the IBA Working Group on the Practice of the UNIDROIT Principles 2016 (International Bar Association)
Read the article.
Business Roundtable Issues Expanded “Corporate Purpose” Statement, with Commitment to All Stakeholder Interests
Aug. 27, 2019 - The Business Roundtable, an association of CEOs of major U.S. corporations, recently issued its “Statement on the Purpose of the Corporation. ” The statement underscores the Business Roundtable’s commitment to all stakeholders of corporations, including their customers, employees, suppliers,...
Québec’s Securities Tribunal Prevents Group Mach from Blocking Transat A.T./Air Canada Deal
Aug. 14, 2019 - The Tribunal administratif des marchés financiers (Québec’s securities tribunal) issued a split 2–1 decision resulting in a cease trade order on an offer made by Group Mach to acquire 19.5% of Transat A.T. Inc.’s shares. Certain features of Group Mach’s mini-tender, which was designed to...
Autorité des marchés publics Has New Powers to Oversee Public Contracts
May 24, 2019 - The provisions respecting the processing of complaints, communication of information and disclosure of wrongdoing to the Autorité des marchés publics (AMP) came into force on May 25, 2019. An interested person or partnership wishing to file a complaint with the AMP or provide information to the...
The Autorité des marchés publics Assumes Its Responsibilities
Jan. 25, 2019 - The majority of the activities of the Autorité des marchés financiers (AMF) under the Act respecting contracting by public bodies were transferred to the Autorité des marchés publics (AMP) on January 25, 2019. The AMP was created in response to the first recommendation of the Charbonneau...
Proposed Canada Business Corporations Act Amendments: A New Era of True Majority Voting and Diversity?
Oct. 04, 2016 - On September 28, 2016, the federal government introduced Bill C-25 in Parliament, proposing significant amendments to the Canada Business Corporations Act (CBCA) (the Proposed Amendments). If adopted, the Proposed Amendments will impose obligations on reporting issuers (and other...
Federal Public Contracts Now Governed by New, More Flexible Integrity Provisions
July 14, 2015 - On July 3, 2015, the federal government implemented a new integrity regime (New Regime) governing suppliers’ capacity to enter into procurement contracts and real property transactions with Public Works and Government Services Canada. The New Regime will be rolled out to all federal departments...
Secondary Market Liability: Supreme Court of Canada Clarifies the Screening Mechanism for Class Actions
Apr. 20, 2015 - In Theratechnologies inc v. 121851 Canada inc., 1 the Supreme Court of Canada ruled for the first time on a case involving the new secondary securities market liability regimes. These regimes, which have been adopted in most Canadian provinces, facilitate actions by investors when...
Task Force on the Protection of Québec Businesses Proposes Bold Measures Against Unsolicited Take-over Bids
Feb. 21, 2014 - On June 7, 2013, Québec’s Minister of Finance and the Economy, Nicolas Marceau, announced the creation of the Task Force on the Protection of Québec Businesses. The mandate of the Task Force was to study measures that would help Québec companies better protect themselves against unsolicited...
Chambers Canada: Canada’s Leading Lawyers for Business—Litigation, General Commercial: Québec; Litigation, Securities: Québec
Benchmark Canada: The Definitive Guide to Canada’s Leading Litigation Firms & Attorneys—Commercial (Litigation Star); Insolvency (Litigation Star); Securities (Litigation Star)
The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Litigation: Corporate Commercial
Report on Business/Lexpert Special Edition Canada’s Leading Litigation Lawyers
The Canadian Legal Lexpert Directory—Class Actions; Competition Law; Litigation: Corporate Commercial (Most Frequently Recommended); Litigation: Securities
The Best Lawyers in Canada—Class Action Litigation; Corporate and Commercial Litigation; Corporate Governance Practice; Criminal Defence; Director and Officer Liability Practice
Lexpert Rising Stars: Leading Lawyers Under 40