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Massicotte, Etienne Osler, Hoskin & Harcourt LLP
(514) 904-5778 emassicotte@osler.com
Mr. Massicotte's practice embraces infrastructure financing. He has acted
on the financing of the CHUSJ, the Restigouche hospital and wind farms,
as well as on bids relating to the Montréal acoustic hall, the U of M hospital
research centre, the Baie St-Paul hospital, NBSL, the A25 bridge and waste
treatment centers.
Massicotte, Alain Blake, Cassels & Graydon LLP
(514) 982-4007 alain.massicotte@blakes.com
Mr. Massicotte focuses on public-private partnerships and also advises for-
eign governments with respect to infrastructure renewal. He leads significant,
complex and high-profile infrastructure projects in Québec across a diverse
range of industry sectors. He also contributes to the PPP community, serving
on the Executive Committee of The Institute for Public-Private Partnerships
of Québec.
Massé, David Stikeman Elliott LLP
(514) 397-3685 dmasse@stikeman.com
Mr. Massés practice focuses on domestic and cross-border public and
private M&A, debt and equity offerings and corporate finance transactions.
He also has significant experience in energy and mining-related M&A,
corporate finance, joint ventures, royalty and streaming transactions,
and project development.
Martins, Manuel A. Gowling WLG
(519) 575-7542 manuel.martins@gowlingwlg.com
Mr. Martins acts for and advises owners, investors and lenders in the renew-
able energy and infrastructure industry. His practice includes purchase, sale,
leasing and financing transactions. He provides the trusted advice, common-
sense thinking and strategic insight clients need to succeed. He is the former
leader of the Real Estate Practice Group and a current Trustee of Gowling
WLG Canada.
Martin, Karen Dentons Canada LLP
(604) 691-6455 karen.martin@dentons.com
Ms. Martin's practice focuses on avoiding and resolving disputes on con-
struction, infrastructure and PPP projects. She advises on risk minimization
during procurement and construction, and acts as counsel in mediations,
arbitrations and litigation.
Manzer, Alison R. Cassels Brock & Blackwell LLP
(416) 869-5469 amanzer@casselsbrock.com
Ms. Manzer's practice covers a broad range in the financial services sector,
including financial institution regulation, corporate & commercial lending,
asset-based financing, securitization and structured finance, private-equity,
project finance, asset finance and leasing, business reorganization
and syndicated lending. A significant part of her practice involves
multi-jurisdiction transactions.
LEXPERT-RANKED LAWYERS
and help ensure a level playing field across the EU."
But not everyone was a believer. "ese rules," the
Institute for Government continued, "are oen seen
as controversial because they appear to prevent the UK
Government 'buying British'. For example, a row erupt-
ed in 2011 when Siemens, a German company, won a
£1.6 billion public contract for ameslink trains over
Bombardier, a Derby-based train maker. On the other
hand, they help ensure that UK companies can bid for
lucrative government contracts in other member states
on a level playing field."
Be that as it may, there were spinoff benefits to Can-
ada and other countries of this procurement system:
"EU membership not only gives UK access to public
procurement markets in 27-member states of the EU,
but also other non-EU countries. e EU has free trade
agreements with third countries that allow UK busi-
ness to participate in procurement markets in countries
such as Canada … and it is also a signatory to the World
Trade Organization (WTO) Government Procure-
ment Agreement (GPA) — a voluntary trade agreement
within the WTO."
And if the UK crashes out of the EU and reverts to
the default position under the WTO? According to the
British think tank, "there would be no mutual rights
of access to public procurement markets. We could fa-
vour British companies but our companies could face
discrimination in supplying the much bigger European
procurement market."
Canada in that scenario would lose its traditional
entry into the EU via the UK. In October 2017, the
Royal Bank released its report, "Brexit: A New Chal-
lenge to Canada's European Traditions" (https://bit.
ly/2LQweOe). RBC's overall message was not com-
pletely bleak for the UK and considered that Brexit was
"unlikely to have much impact on Canada." Despite
that overall message, RBC made it clear that "Canadian
direct investment in the UK is most exposed to Brexit.
Brexit will have a greater impact on Canadian firms that
have invested directly in the UK than those that simply
export goods and services across the Atlantic. Canadian
pension funds have invested heavily in UK Infrastruc-
ture in recent years. Such deals will be less attractive
going forward if Brexit reduces the flow of goods and
people between the UK and Europe."
Canadian real estate firms, RBC suggests, would
likely need to make a shi. "Investors seeking a home
base that provides access to the EU's Single Market may
turn to the remaining 27 EU countries where free move-
ment of goods, services, people and capital are guaran-
teed, particularly if the UK does not replicate investor
protections provided under CETA."
Brexit does not mark the first occasion on which
politics has loomed large over the Infrastructure sector.
Aer all, most observers credit the invention of the P3
model to then UK Prime Minister Margaret atcher
in the late 1980s.
Cut to 2018 and politicians in Ontario are again
turning their gaze to P3s.
