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.
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 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.
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.
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.
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.
Jacques Toupin and Charles Toupin
Acted for Jacques and Charles Toupin in connection with proceedings instituted to recover their 800,000 class "A" shares of Garda World Security Corporation worth $9.6 million. The Québec Superior Court concluded that Messrs. Toupin owned the shares and the Court's decision was subsequently upheld by the Court of Appeal.
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.
IOU Financial Inc.
Acted for IOU Financial Inc. in connection with its successful response to Qwave Capital LLC's unsolicited partial takeover bid, including in injunctive proceedings asserting a breach by Qwave of a confidentiality agreement.
Agnico Eagle Mines Limited
Acted for Agnico Eagle Mines Limited in connection with its $3.9-billion acquisition with Yamana Gold Inc. of Osisko Mining Corporation. The transaction involved the formation of a 50-50 partnership between Agnico Eagle and Yamana which will hold and operate the Canadian Malartic mine. The transaction also resulted in a spin-out of a new TSX-listed company called Osisko Gold Royalties Ltd. which will continue to hold a 5% royalty interest in the Canadian Malartic gold property as well as exploration assets in Mexico.
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 AMP...
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 and...
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...
Québec’s New Code of Civil Procedure – Highlights and Preliminary Comments
Feb. 21, 2014 - On February 20, 2014, the Québec National Assembly unanimously adopted Bill 28 establishing the new Code of Civil Procedure, which will eventually replace the current Code. The Bill, introduced on April 30, 2013, is the result of extensive reform initiated almost 15 years ago by...
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—General Commercial (Litigation Star); Insolvency (Litigation Star); Securities (Litigation Star)
Report on Business/Lexpert Special Edition Canada’s Leading Litigation Lawyers
The Canadian Legal Lexpert Directory—Litigation: Securities; Litigation: Corporate Commercial; Class Actions
The Best Lawyers in Canada—Class Action Litigation; Corporate and Commercial Litigation; Criminal Defence
Lexpert Rising Stars: Leading Lawyers Under 40