Lexpert Special Editions

Special Edition on Energy -Nov 2015

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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Howie, Kent D. Borden Ladner Gervais LLP (403) 232-9535 khowie@blg.com Mr. Howie counsels oil & gas and electricity clients on LNG projects, oil & gas projects, including offshore oil projects, pipeline projects, and large hydro, natural gas and renewable energy pro- jects involving joint ventures with First Nations. Hughes, Terrance M. Norton Rose Fulbright Canada LLP (403) 267-8117 terry.hughes@nortonroseful- bright.com Mr. Hughes's project development practice for domestic and foreign clients embraces oil, gas and NGL pipelines; processing, refining and cogeneration facilities; offshore gas and integrated oil sands projects, and he also appears before the NEB. Hurley, John Gowling Lafleur Henderson LLP (514) 392-9431 john.hurley@gowlings.com Mr. Hurley has extensive experience in public andcommercial law, with special emphasis on First Nations, energy and infra- structure, environmental law and regulatory matters. Hudec, Albert J. Farris, Vaughan, Wills & Murphy LLP (604) 661-9356 ahudec@farris.com Mr. Hudec's corporate finance and securities prac- tice focuses on cross-border M&A, public equity and venture capital financing, and board and independent com- mittee representation, with emphasis on the resource and technology industries. Hull, Robert G.S. Gowling Lafleur Henderson LLP (416) 369-7313 robert.hull@gowlings.com Mr. Hull is a partner in Gowl- ings's Toronto office special- izing in institutional Fund Formation for infrastructure and real estate Funds.Bob represents many enterprises active in the Canadian energy sector, specifically in their financing and growth. Hurst, Michael A. Dentons Canada LLP (403) 268-3046 michael.hurst@dentons.com Mr. Hurst's energy law expertise embraces oil and gas upstream, midstream and pipeline acquisitions; struc- turing greenfield projects; financing; and product sales arrangements. He works on infrastructure projects in Canada and South America. 24 | CONTINUOUS DISCLOSURE LEXPERT ® RANKED LAWYERS fied as significant factors or uncertainties in disclosures going forward. But Hudson wonders if the new changes under NI51-101, which had been in the works for several years, are still relevant in a rapidly changing and depressed mar- ket that is hard for regulators to keep pace with. At one point, junior resource issuers, already struggling with the costs of com- plying with disclosure obligations for com- panies listed on the TSX and TSX-V, were gunning for rule changes that would mean smaller companies would only have to re- port financials every six months instead of quarterly. at would save them money, but it didn't happen. Yet, say lawyers interviewed, few oil companies, large or small, or their legal counsel, have voiced much concern about amendments to NI 51-101 or other regu- latory changes surrounding continuous disclosure. In part, that's because they're preoccupied helming their companies through the commodities storm. "THE [CANADIAN SECURITIES ADMINISTRATORS] have put issuers on notice that they will not accept boiler plate statements. Rather, they are looking for issuers to disclose and specifically quantify information in sufficient detail for investors to be able to understand clearly a company's financial circumstances."– Ross Bentley, Blake, Cassels & Graydon LLP

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