Martis, Xeno C.
Fasken Martineau
DuMoulin LLP
(514) 397-7509
xmartis@fasken.com
Mr. Martis counsels lenders
and investors on corporate
finance matters including
project financing/take-
overs/structured leveraged
& synthetic lease financings.
He advised Nalcor Energy
on the $5-billion financing
of the Muskrat Falls
hydro project.
Massicotte, Alain
Blake, Cassels
& Graydon LLP
(514) 982-4007
alain.massicotte@blakes.com
Mr. Massicotte's specialties
include project financing and
PPPs. He also counsels foreign
governments, including
Morocco, Hungary, Romania,
the Czech Republic, Croatia,
Senegal, Guinea and India
regarding infrastructure
and PPP-related issues.
McDougall, Craig T.
Dentons Canada LLP
(780) 423-7398
craig.mcdougall@dentons.com
Mr. McDougall's commer-
cial practice includes a focus
on negotiating and draing
agreements in the energy sec-
tors, including sales, procure-
ment, energy technology,
IP and other commercial
agreements. He also advises
on M&A and start-ups.
Massé, David
Stikeman Elliott LLP
(514) 397-3685
dmasse@stikeman.com
Mr. Massé specializes in
M&A, securities and corpor-
ate finance, including a focus
on the mining and energy
sector. Represents issuers,
sponsors, underwriters
and financial institutions in
connection with M&A,
financings, JVs and project
development.
McCrea, QC, J. Craig
Cox & Palmer
(902) 491-4120
cmccrea@coxandpalmer.com
Mr. McCrea practises cor-
porate commercial, bank-
ing and insolvency with a
focus on energy, oil & gas,
fisheries and real estate law.
He acts for corporations,
government agencies, profes-
sional organizations and
financial institutions.
McFadden, QC, David J.
Gowling Lafleur
Henderson LLP
(416) 369-7243
david.mcfadden@gowlings.com
Mr. McFadden is counsel to
corporations, utilities and
funds involved in electricity
generation, transmission and
distribution. He also serves
on the boards of energy
companies and industry
organizations including the
Energy Council of Canada.
LEXPERT
®
RANKED LAWYERS
YOU'RE IN THE MIDST OF A HUGE MULTINATIONAL
OIL DEAL. THEN ENERGY PRICES PLUMMET.
WHAT DO YOU DO? JUST ASK THE DEAL LAWYERS
ON REPSOL-TALISMAN BY DAVID DIAS
In the summer of 2014, with Brent Crude hovering around US$110 a barrel,
the Spanish energy giant Repsol approached Talisman Energy with the beginnings of
an acquisition offer. It was right around then that the price of oil began its precipitous
descent, falling a gut-wrenching 40 per cent by May 2015, when the deal, miraculously,
closed. How does a deal survive such drama? Perhaps the more important question, ac-
cording to the lawyers on the deal, is whether the Repsol-Talisman deal could have been
reached without the collapse in oil prices.
Lexpert: is was a mammoth deal, with apparently a lot at stake. It was the largest in
Spain in five years and the largest in Canada in two years. How did your teams first get
together on this?
David Spencer (Bennett Jones LLP, for Repsol): Kevin and I have known each other
Oil Crash
Dealmaking
