Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules
Apr. 28, 2025 – The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally. ” Consistent with the CSA’s recent regulatory shift to...
Consultation on Proposed Guidelines on Environmental Claims and the Competition Act
Feb. 28, 2025 – Davies Ward Phillips & Vineberg LLP (Davies) is pleased to provide this submission to the Competition Bureau (Bureau) in response to its December 2024 draft guidelines, Environmental Claims and the Competition Act . The Davies Competition group is recognized as a leader by clients, peers and...
Davies Leads with Highest Percentage of Band 1 Lawyer Rankings in Chambers Global 2025
Feb. 13, 2025 – We are pleased to share that Chambers Global once again recognizes Davies as a top-tier firm, having the highest percentage of Band 1 lawyer rankings among all Canadian law firms. The firm has 51 lawyer rankings overall with a total of 46 lawyers ranked across 13 ranked practices. Fourteen of...
The Canadian Competition Bureau’s Draft Guidance for Going Green
Feb. 11, 2025 – In June 2024, amendments to the Canadian Competition Act (Act) garnered significant attention (and criticism) from both business and legal communities in Canada for the introduction of new “greenwashing” provisions. The new provisions explicitly require businesses to substantiate claims made to...
Governance Insights:10 Legal Updates GCs, Boards and Investors Need to Know
Jan. 28, 2025 – The latest edition of Davies’ Governance Insights is now available. In this issue, we review 10 developments that general counsel and directors of Canadian public companies, and their investors, should know for 2025 and beyond. These developments include the growing importance of board...
Davies Strengthens Environmental Practice with Partner Anne-Frédérique Bourret
Jan. 21, 2025 – We are pleased to announce that Anne-Frédérique Bourret has joined the firm as a partner in the Environmental group, a practice recognized as Band 1 by Chambers Canada . Anne-Frédérique is a trusted adviser to clients navigating complex environmental matters. Her expertise spans transactional...
Davies Comments on First Proposed Canadian Sustainability Disclosure Standards
June 10, 2024 – Davies recently submitted a comment letter in response to public consultations initiated by the Canadian Sustainability Standards Board (CSSB) regarding their draft sustainability and climate disclosure standards, which aim to set a new benchmark for the disclosure of sustainability-related...
Apr. 17, 2024 – In this article, originally published in Natural Resources Law Network , Davies lawyers Sarah Powell , Zachary Silver and Robyn Barabash explain how new climate disclosure rules and standards have emerged in North America, focusing on recent developments from the U.S. Securities and Exchange...
Davies Maintains High Rankings in 2024 Lexpert/ALM 500
Jan. 09, 2024 – The 2024 Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada recognizes 34 of our partners with 59 rankings across 18 practice areas. The guide’s Who’s Who in Canadian Law Firms ranks us #1 for Corporate Transactions in Toronto, relative to firm size, and #1 for Tax in Montréal. ...
Protection de l’environnement : le gouvernement du Québec veut légaliser l’expropriation déguisée
Dec. 11, 2023 – Translation in progress. L’Assemblée nationale a adopté, le 8 décembre dernier, des dispositions qui impacteront de manière draconienne les propriétaires dépossédés de leur terrain par un règlement municipal. Atteinte justifiée au droit de propriété Bien que ces dispositions confirment le...
Supreme Court of Canada Finds Impact Assessment Act Unconstitutional
Oct. 17, 2023 – On October 13, 2023, in a 5-2 split decision, the Supreme Court of Canada (SCC) found the federal Impact Assessment Act (IAA) to be, in part, unconstitutional in Reference re Impact Assessment Act . The SCC determined that the IAA’s treatment of “designated projects” was unconstitutional, as...
Governance Insights: Charting a (Safe) Path Through the ESG Wilderness
June 08, 2023 – The rapid and growing recognition of the importance of accounting for ESG factors in strategic decision-making and corporate reporting has, perhaps predictably, been followed by a notable increase in anti-ESG sentiment and a questioning of the integrity of measures purported to advance...
Women in Business Law Recognizes Seven Davies Partners
Nov. 04, 2022 – The 2022 edition of Expert Guides’ Women in Business Law recognizes seven Davies partners as leading lawyers in their fields: Anita Banicevic – Competition and Antitrust Sandra Forbes – Competition and Antitrust Natasha MacParland – Insolvency and Restructuring ...
Seeing Green: Sustainability Remains of Interest to the Competition Bureau
Oct. 03, 2022 – Canada’s Competition Bureau (Bureau) hosted a summit in late September, its first in-person event in more than two years. The summit explored the intersection between competition law and environmental and sustainability objectives, indicating that this area remains a high enforcement priority for...
Davies Governance Insights – September 2022
Sept. 06, 2022 – Davies Governance Insights analyzes the top trends and issues most important to Canadian public companies and provides practical guidance for boards to meet these challenges head on. In this edition: Ten Regulatory and Judicial Developments That GCs and Boards Need to Know examines key...
Umicore to Build First-of-Its-Kind Factory for EV Battery Components in Ontario
July 20, 2022 – Davies is acting for Umicore SA/NV, a circular materials technology company headquartered in Belgium, in the development and construction of a manufacturing plant for electric vehicle battery materials. The facility will be the first of its kind in North America to produce both precursor and...
Cominar to Be Sold to Iris Acquisition for $5.7 Billion
Oct. 25, 2021 – Davies is acting as counsel to Cominar REIT, one of Canada’s largest diversified real estate investment trusts and the largest commercial property owner in Québec, in its $5.7-billion sale to Iris Acquisition II LP, an entity created by a consortium led by Canderel Real Estate Property Inc., one of...
Rehabilitation Work in Québec: New Requirements for Traceability of Excavated Contaminated Soils
July 09, 2021 – The Québec government published, on July 7, 2021, the Regulation respecting traceability of excavated contaminated soils (Regulation). Once in force, the Regulation will apply to excavated soils containing contaminants from human activities, regardless of the concentration value of the...
Environmental Legislative and Regulatory Developments: Québec Keeps Up the Pace
June 09, 2021 – Québec’s legislative activity in environmental law continues to be prolific. This bulletin sets out some of the major recent developments in this area, including the designation of protected areas on private lands, the rules governing the flood zones of lakes and watercourses and activities...
Start Your (Little) Engines: Activist Investor Wins Exxon Board Seats
June 01, 2021 – Against a backdrop of numerous recent key climate announcements, May 26, 2021, marked a bad day for Big Oil. Engine No. 1, an activist investor with a keen Environmental, Social and Governance focus, won at least 2 of 12 seats on ExxonMobil’s board in a proxy fight. Royal Dutch Shell was ordered...
Supreme Court of Canada Rules on Carbon Pricing, Paving Way for Offset Credit Regulations
Mar. 29, 2021 – The Supreme Court of Canada (SCC) has released its highly anticipated decision on the constitutional validity of the federal framework for carbon pricing under the Greenhouse Gas Pollution Pricing Act (GGPPA), which became law in 2018. In a split decision on March 25, 2021, the majority of the...
Alstom Acquires Bombardier Transportation to Become Leader in Global Mobility Market
Feb. 01, 2021 – French train manufacturer Alstom S.A. completed its acquisition last week of Bombardier Transportation, strengthening its position in the global market amid greater demand for greener transportation worldwide. Davies acted as Canadian counsel to Alstom in the €4.4-billion strategic acquisition,...
Going Green: Recent Climate Change and Energy Developments
Nov. 23, 2020 – While Canada, along with the rest of the world, continues its efforts to address the COVID-19 pandemic, several recent federal and provincial announcements have confirmed that government has not lost sight of the threat posed by global climate change. Federal Target Net-Zero by 2050 On November...
Premium Brands Partners with Mi’kmaq First Nations Acquires Clearwater Seafoods
Nov. 13, 2020 – Davies acted for Premium Brands Holdings Corporation in its groundbreaking partnership with a coalition of Mi’kmaq First Nations to jointly acquire Clearwater Seafoods Incorporated, Atlantic Canada’s largest wild seafood company, for approximately $1 billion. Representing a transformational change...
Manulife and Inuit-Owned Innavik Hydro Project Reaches Financial Close
Nov. 11, 2020 – Davies acted for The Manufacturers Life Insurance Company in the $92.8-million non-recourse construction and term project financing for the Innavik Hydro Project, a 7.5 MW run-of-river hydroelectric facility that will be developed on the Innuksuac River in Québec. The project, 12 years in the...
Updated Equator Principles Take Effect
Oct. 01, 2020 – The fourth version of the Equator Principles (EP4), a financial industry benchmark used by Equator Principle Financial Institutions (EPFIs) to assess and manage environmental and social risk in international project finance, takes effect on October 1, 2020. EPFIs commit that they will not finance...
Important Modifications to Québec’s Environmental Permitting Regime
Sept. 03, 2020 – Several regulations governing the implementation of the environmental authorization scheme have been enacted and were published on September 2, 2020, in the Gazette officielle du Québec , Part 2 , including the Regulation respecting the regulatory scheme applying to activities on the basis of...
Can the State Be Held Liable for Neighbourhood Disturbances?
June 17, 2020 – In Maltais c Procureure générale du Québec , 2020 QCCA 715, the Québec Court of Appeal rendered an important decision regarding Crown liability. Its decision clarifies whether the regime of no-fault liability for neighbourhood disturbances applies to the government. It also contains important...
Bill 61: Restarting Québec’s Economy
June 08, 2020 – Bill 61, An Act to restart Québec’s economy and to mitigate the consequences of the public health emergency declared on 13 March 2020 because of the COVID-19 pandemic (the Bill) was introduced in the National Assembly on June 3, 2020. Additional measures relating to the protection of commercial...
Hostess Brands Acquiring Voortman Cookies
Dec. 03, 2019 – Davies acted as Canadian counsel to Hostess Brands Inc. in its $425-million acquisition of Voortman Cookies Limited, a leading North American wafer and cookie company, from Swander Pace Capital. The acquisition diversifies and expands Hostess’s product offerings, providing it with a unique...
Climate Change and Sustainability: New Standards for Sustainability Reporting and Disclosures
Oct. 03, 2019 – In Davies Governance Insights 2018 , we discussed the growing environmental, social and governance (ESG) movement and the trend toward increased reporting and disclosure of sustainability-related issues, including climate change and its related risk management by reporting issuers. In 2018 and...
Davies Governance Insights 2019
Oct. 03, 2019 – Davies Governance Insights 2019 is a comprehensive report that analyzes the governance trends and issues most important to Canadian public companies. Now in its ninth edition, Governance Insights is designed to be a playbook for navigating the diverse and complex challenges facing today’s...
Environmental Update: Recent Regulatory Developments
Sept. 20, 2019 – This past summer witnessed a number of significant legislative changes to Canada’s environmental regimes at both the federal and provincial levels. The highly anticipated Impact Assessment Act came into force along with amendments to the Fisheries Act , while changes to provincial regimes in...
Canadian Securities Regulators Provide Guidance on Climate Disclosure
Aug. 08, 2019 – In recent years, awareness of the potential impacts of climate change on issuers has heightened both in Canada and internationally. As the risks of, and potential opportunities associated with, climate change become better understood, investors and other stakeholders continue to press for greater...
Ontario Court of Appeal Rules That Federal Carbon Pricing Scheme Is Constitutional
July 03, 2019 – The Court of Appeal for Ontario has delivered its decision in the constitutional reference, initiated by the Ontario government, relating to the federal carbon pricing scheme. The Court was asked to consider whether the Greenhouse Gas Pollution Pricing Act (GGPPA) is unconstitutional, either in...
Thirty Davies Partners Named Leaders in Cross-Border Law
June 14, 2019 – In recognition of our reputation for excellence in advising on cross-border issues, the 2019 Lexpert Guide to US/Canada Cross-Border Lawyers in Canada has named 30 of our partners as leaders in the field. The guide highlights our lawyers’ expertise across eight key areas, including Business...
Superior Court Refuses to Cancel Order Allowing Expansion of Canadian Malartic Mine
May 23, 2019 – In Dave Lemire v Canadian Malartic Mine GP and La Procureure générale du Québec , 2017 QCCS 1438, the Québec Superior Court (Court) dismissed an application for judicial review brought by Dave Lemire, a resident of the city of Malartic. Mr. Lemire asked for the cancellation of a government order...
Court of Appeal Expands the Range of Fundamental Rights of Legal Persons
Mar. 18, 2019 – In a judgment rendered on March 4, 2019 in 9147-0732 Québec Inc. c. Directeur des poursuites criminelles , 2019 QCCA 373, the Court of Appeal of Québec ruled for the first time on whether legal persons can avail themselves of the right not to be subjected to any cruel and unusual treatment or...
Davies Lawyers Unrivalled in Chambers Global 2019
Feb. 19, 2019 – Chambers and Partners has once again recognized Davies as a top Canadian law firm in the 2019 edition of Chambers Global: The World’s Leading Lawyers for Business . This year’s guide recognizes 39 Davies lawyers with 45 rankings, including 16 lawyers ranked Band 1 – more than any other law firm...
Top Court Rules Bankrupt Corporations Can’t Evade Environmental Obligations
Feb. 05, 2019 – In a landmark decision released on January 31, 2019, the Supreme Court of Canada (SCC) ruled in Orphan Well Association v Grant Thornton Ltd. that the environmental remediation obligations of a bankrupt oil and gas company must be fulfilled in priority over all other claims, including secured...
Nov. 23, 2018 – In an article published in National Magazine , Davies partner Alex Pike shares her perspectives on Bill C-69, a package of bills intended to reform Canada’s system of impact assessment for major resource projects. While the promise of C-69 was that it would put the science first, some of its...
Federal Government Moves Forward with Pan-Canadian Framework on Climate Change
Oct. 25, 2018 – This week, the federal government announced its intention to implement its carbon pricing regime beginning in 2019. Certain provinces and territories 1 have requested the application of all or part of the federal regime. Other provinces are on track to meet federal requirements with their own...
Québec Issues Compensation Regime for Adverse Effects on Wetlands and Bodies of Water
Sept. 26, 2018 – The Regulation respecting compensation for adverse effects on wetlands and bodies of water (Regulation), enacted on August 17, 2018, was published in the Gazette officielle du Québec on September 5, 2018. It came into force on September 20, 2018, except for certain rules respecting work on...
Davies Receives Highest Percentage of Band 1 Rankings in Chambers Canada 2019
Sept. 26, 2018 – Davies has once again been recognized as one of Canada’s top law firms in Chambers Canada 2019 , with 26 of our lawyers receiving Band 1 rankings – the highest percentage among all firms relative to firm size. The firm also received the highest percentage of lawyer rankings relative to firm size,...
Green Energy Act Repealed and Municipal Powers to Oppose Renewable Energy Reinstated
Sept. 21, 2018 – The Ontario government has introduced Bill 34, which would repeal the Green Energy Act, 2009 . The new legislation, introduced on September 20, 2018, maintains the right of the government to enact regulations to promote renewable energy in the future. However, the current intention to restrict...
Two Davies Partners Featured in Who’s Who Legal: Environment 2018
Sept. 20, 2018 – Davies partners Sarah Powell and Alex Pike have been recognized as global leaders in Environmental Law by Who’s Who Legal 2018. As a result of this year’s research, the guide identifies both lawyers as standout practitioners. Sarah is commended for her “expertise in environmental law and...
Sept. 13, 2018 – Davies partner Alexandria Pike has been elected to serve a one-year term as chair of the Canadian Bar Association’s National Environmental, Energy and Resources Law Section. Alex assumed the position on September 1, 2018, immediately following her term as vice-chair. Widely recognized as a...
Michelin to Acquire Camso for US$1.7 Billion
July 13, 2018 – Davies acted for Groupe Michelin in its agreement to acquire Camso Inc., a Québec-based off-the-road (OTR) tire maker, for US$1.7 billion. The two companies will combine their OTR operations into a new division that will be run from Camso’s headquarters in Magog, Québec. The transaction will...
Sarah Powell Discusses Ottawa’s New Environmental Regime in Canadian Lawyer
May 01, 2018 – In the April edition of Canadian Lawyer (available to subscribers), Davies partner Sarah Powell gives her perspective on the federal government’s proposed environmental overhaul introduced in February. Sarah believes there needs to be more clarity about what companies behind major energy...
Canadian Securities Regulators Report on Climate Disclosure
Apr. 06, 2018 – Following on the heels of the recommendations of the Financial Stability Board’s Task Force on Climate-Related Disclosures (Task Force), the Canadian Securities Administrators (CSA) has published its Report on Climate change-related Disclosure Project . The CSA reviewed mandatory and voluntary...
The Québec Environment Quality Act: major changes coming in 2018
Feb. 20, 2018 – An Act to amend the Environment Quality Act to modernize the environmental authorization scheme and to amend other legislative provisions, in particular to reform the governance of the Green Fund (Bill 102) was passed on March 23, 2017. Although some portions of Bill 102 came into force on that...
Davies Lawyers Peerless in Chambers Global 2018
Feb. 16, 2018 – Davies’ status as a leading Canadian law firm has once again been confirmed by Chambers and Partners in its annual publication Chambers Global: The World’s Leading Lawyers for Business . The 2018 edition of the guide recognizes 40 Davies lawyers with 46 rankings, including 15 lawyers ranked Band...
Canada Resets Federal Environmental Assessment for Major Project Reviews
Feb. 09, 2018 – In 2016, the Canadian government launched a formal review of key federal environmental assessment and regulatory processes. Expert panels were established and parliamentary committees engaged to conduct consultations and provide recommendations with respect to the Canadian Environmental...
Pan-Canadian Carbon Pricing Update: Federal Backstop Legislation Proposed
Jan. 18, 2018 – This week, the federal government released, for public comment, draft legislation relating to the proposed federal carbon pricing system. The Greenhouse Gas Pollution Pricing Act provides a complex framework for the implementation of a federal carbon pricing “backstop” to be applied to provinces...
Forty-nine Davies Lawyers Recognized in Who’s Who Legal: Canada
Oct. 24, 2017 – Law Business Research’s Who’s Who Legal: Canada 2017 names 49 Davies partners as leading lawyers, including eight Most Highly Regarded practitioners, across 18 different practice areas. Who’s Who Legal nominees are selected on the basis of comprehensive, independent surveys conducted among...
Six Davies Partners Recognized in Women in Business Law
Oct. 12, 2017 – The 2017 edition of Expert Guides’ Women in Business Law recognizes six Davies partners as leading lawyers in their fields: Anita Banicevic Sandra Forbes Patricia Olasker Carol Pennycook Alexandria Pike Sarah Powell The guide celebrates the achievements...
Sept. 22, 2017 – Ontario, Québec and California signed an agreement on September 22, 2017, to integrate and harmonize greenhouse gas emissions cap programs. As a result, Ontario will join the Western Climate Initiative carbon market, with California and Québec, on January 1, 2018. 1 In Québec, this announcement...
Davies Welcomes Marie-Claude Bellemare
Sept. 05, 2017 – Marie-Claude Bellemare has joined Davies as a partner in our Montréal office. Considered to be one of the top environmental lawyers in Québec, Marie-Claude will advise Canadian and international clients on both provincial and federal environmental, natural resource, energy and public law. Her...
Aug. 31, 2017 – Davies partners Sarah Powell and Alexandria Pike have been recognized in the 2017 edition of Who’s Who Legal: Environment . As a result of this year’s research, the guide identifies both lawyers as standout practitioners. Sarah is commended for her “vast expertise in international...
Barrick Gold Completes Strategic Divestiture and Partnership with Shandong Gold
June 30, 2017 – Davies acted for Barrick Gold Corporation in its transaction with Shandong Gold that included the following: sale of a 50% interest in the Veladero gold mine for US$960 million; the negotiation of a 50/50 joint venture arrangement in respect of the Veladero gold mine; the...
Financial Stability Board Task Force on Climate-Related Disclosures Releases Final Report
June 29, 2017 – On June 29, 2017, the Financial Stability Board’s Task Force on Climate-Related Disclosures (TFCD) released the report containing its final recommendations . The report provides guidance to assist public companies in more effectively satisfying existing climate-related disclosure requirements. ...
Details Released on Federal Proposal for Pan-Canadian Price on Carbon
May 19, 2017 – On May 18, 2017, following months of speculation on how the federal government will implement its pan-Canadian price on carbon, the government released its technical paper on the federal carbon pricing backstop ( Technical Paper ). As we previously reported in our October 2016 publication ...
Davies Earns Top Marks in The Canadian Legal Lexpert Directory 2017
May 05, 2017 – The Canadian Legal Lexpert Directory 2017 has recognized 91 Davies lawyers as leading practitioners, with 33 achieving the highest ranking of Most Frequently Recommended in at least one area of specialization. Our firm is also recognized as Most Frequently Recommended in 16 practice areas. ...
Panel Seeks Sweeping Changes to Canadian Environmental Assessment Regime
Apr. 07, 2017 – The Expert Panel for the Review of Environmental Assessment Processes (Panel) released its recommendations regarding the federal Canadian Environmental Assessment Act, 2012 (CEAA 2012) on April 5, 2017. Mandated to restore public trust in Canada’s environmental assessment (EA) process and to...
Barrick Gold Announces Three-Way Transaction with Goldcorp and Kinross
Apr. 07, 2017 – Davies acted for Barrick Gold in its announced, highly complex three-way transaction with Goldcorp and Kinross Gold. This transaction involved Barrick’s sale of its 25% stake in the Cerro Casale Project to Goldcorp and Goldcorp’s acquisition of Kinross’s entire 25% interest in the Cerro Casale...
Davies Lawyers Unmatched in Chambers Global 2017
Mar. 27, 2017 – Davies’ status as a leading Canadian law firm has once again been confirmed by Chambers and Partners in its annual publication Chambers Global: The World’s Leading Lawyers for Business . Davies has the highest percentage of Band 1 lawyer rankings as well as the highest percentage of overall...
Oct. 04, 2016 – On October 3, Prime Minister Trudeau pre-empted climate negotiations with Canada’s premiers by announcing the federal government’s plan to impose a pan-Canadian price on carbon. The plan requires all Canadian jurisdictions to have a system for carbon pricing in place by 2018, with a view to...
United States Joins Canada and European Union in Adopting Transparency Rules
June 29, 2016 – In line with a global trend for greater transparency of payments made by companies in extractive industries to governments of resource-rich countries, the United States has joined Canada and the European Union in adopting “publish what you pay” rules for such companies. These rules are aimed...
Bill 102: Modernization of the Environmental Authorization Scheme
June 13, 2016 – The Minister of Sustainable Development, the Environment and the Fight Against Climate Change (the MSDEFCC ) introduced An Act to amend the Environment Quality Act to modernize the environmental authorization scheme and to amend other legislative provisions, in particular to reform the...
June 13, 2016 – An article in the Canadian Bar Association’s National magazine quotes Davies partner Sarah Powell on the challenges Canada will have meeting the targets set out in the Paris climate change agreement. “The impact [on meeting the targets] is going to be uneven as you go across provinces and...
Ontario’s Cap-and-Trade Regime
May 20, 2016 – Ontario’s Climate Change Mitigation and Low-carbon Economy Act, 2016 , which provides for the initial distribution of free allowances at levels comparable to current emissions, passed on May 18, 2016, and its companion regulation ( O. Reg. 144/16 ) was adopted on May 19, 2016. The legislation...
Opportunity knocks in energy industry crisis, say lawyers – Lexpert
Mar. 28, 2016 – In a Lexpert article exploring opportunities that may emerge from the uncertain state of the energy sector , Davies partner Sarah Powell discusses how Alberta’s climate-related regulation changes may prompt a significant increase in renewable energy investments within the province.
Davies Lawyers Continue to Lead in Chambers Global 2016
Mar. 23, 2016 – Davies’ status as a leading Canadian law firm has once again been confirmed by Chambers and Partners in its annual publication, Chambers Global: The World ’ s Leading Lawyers for Business . Davies has the highest percentage of Band 1 lawyer rankings of any Canadian law firm. The 2016 edition...
“Publish What You Pay” Guidance Finalized
Mar. 21, 2016 – Natural Resources Canada has finalized its implementation tools for the Extractive Sector Transparency Measures Act (ESTMA), which was proclaimed into force in June 2015. Commonly known as the “ publish what you pay ” standards, ESTMA establishes mandatory reporting standards for payments made...
Mar. 09, 2016 – Davies acted for Alimentation Couche-Tard Inc. (Couche-Tard), the leader in the Canadian convenience store industry, in connection with its $1. 68-billion acquisition of 279 Esso-branded fuel and convenience sites; 229 of which were located in Ontario and 50 were located in Québec. The acquisition...
McKesson Enters into Agreement to Acquire Rexall for $3 Billion
Mar. 02, 2016 – Davies acted for McKesson Corporation, a leading international healthcare services and information technology company, in connection with its $3-billion acquisition of Rexall and Rexall Pharma Plus, which operate approximately 470 pharmacies in Canada, from Katz Group, one of Canada’s largest...
Ontario’s Carbon Market Revealed
Feb. 26, 2016 – After years of consideration, Ontario has introduced Bill 172, Climate Change Mitigation and Low-Carbon Economy Act, 2016 , and released a draft regulation for Ontario ’ s carbon cap-and-trade program. This is the first step toward Ontario joining the Québec-California carbon market. The Ontario...
Ninety-one Davies Lawyers Recognized by The Best Lawyers in Canada 2016
Aug. 24, 2015 – Ninety-one lawyers from Davies Ward Phillips & Vineberg LLP were selected by their peers for inclusion in The Best Lawyers in Canada 2016 across 33 areas of specialization, with five lawyers named Lawyer of the Year and seven practitioners newly recognized. Best Lawyers awards the Lawyer of the...
Barrick Enters into an Agreement to Sell 50% of Zaldívar Mine to Antofagasta Plc
July 31, 2015 – Davies acted for Barrick Gold Corporation in connection with its $1. 005-billion sale of a 50% interest in the Zaldívar copper mine in Chile to Chile-based Antofagasta Plc. With this agreement, Barrick formed a new joint venture partnership with Antofagasta, one of the world’s leading copper...
Greenhouse Gas Emissions: Important Provincial Initiatives
July 06, 2015 – Québec’s Minister of Sustainable Development, Environment and the Fight Against Climate Change and Alberta’s Minister of Environment and Parks have both recently announced amendments to provincial regulations on greenhouse gas emissions. Québec Changes to the Québec regulation the ...
Leading-Edge Practices in Subsidiary Governance
June 17, 2015 – At a recent presentation at the Davies Academy for Continuing Professional Development, Davies partner Luis Sarabia and Davies affiliated scholar Poonam Puri discussed recent legal proceedings in which courts have been asked to hold parent companies directly liable in negligence for the actions of...
Ontario and Québec Collaborate to Reduce Carbon Emissions
Apr. 14, 2015 – Yesterday, Ontario announced that it will impose a cap-and-trade system under the Western Climate Initiative, which it joined in 2008. The “ cap ” will set a maximum limit on the amount of greenhouse gas emissions that industry can produce in Ontario. Over time, this emissions cap will be...
Davies Continues as a Leader in Chambers Global 2015
Mar. 18, 2015 – Davies Ward Phillips & Vineberg LLP has again been recognized as one of Canada’s leading law firms by Chambers and Partners in its 2015 annual publication, Chambers Global: The World’s Leading Lawyers for Business . Davies has the highest percentage of lawyer rankings as well as the highest...
New Nuclear Liability Regime Passed
Mar. 03, 2015 – On February 26, 2015, the federal Nuclear Liability and Compensation Act under Bill C-22 received royal assent. Once in force, it will replace Canada’s outdated liability regime for damage from nuclear incidents. The substance of the new legislation generally mirrors four previous bills that...
