WWW.LEXPERT.CA
|
2016
|
LEXPERT 41
Verbrugge, Magnus C. Borden Ladner Gervais LLP
(604) 640-4198 mverbrugge@blg.com
Mr. Verbrugge's practice focuses on bankruptcy and insolvency and corporate
finance. He acts for creditors, debtors, proposal trustees and monitors in a
broad range of restructurings under the Companies' Creditors Arrangement
Act and the Bankruptcy and Insolvency Act.
Vaux, Robert Goodmans LLP
(416) 597-6265 rvaux@goodmans.ca
Mr. Vaux focuses on all aspects of corporate and securities law, with particular
emphasis on M&A, corporate finance (initial public offerings and follow-on
financings) and contested governance matters, including proxy contests.
He has developed a reputation for assisting in the structuring of novel and
sophisticated transactions and dealing with complicated issues in a results-
oriented manner.
Vanderpol, Sean Stikeman Elliott LLP
(416) 869-5523 svanderpol@stikeman.com
Mr. Vanderpol is a partner in the Toronto office and is co-head of the Capital
Markets/Public M&A Group. His practice focuses on public companies with
an emphasis on public M&A transactions (take-over bids, mergers and plans
of arrangement) as well as public corporate finance transactions and public
governance and compliance issues. He is a member of the firm's Professional
and Ethics Committee.
Urbani, Michael G. Stikeman Elliott LLP
(604) 631-1340 murbani@stikeman.com
Mr. Urbani acts for private and public entities and investment dealers in public
financings and private placements, as well as hostile and negotiated take-over
bids and M&As involving public and private corporations.
Ulmer, John M. Davies Ward Phillips & Vineberg LLP
(416) 863-5505 julmer@dwpv.com
Mr. Ulmer focuses on tax aspects of international ventures, corporate finance
and real estate transactions. A specialist in taxation of REITS and cross-border
real estate investments, he advises investors on acquisitions in Canada,
the US and abroad.
Turner, John S.M. Fasken Martineau DuMoulin LLP
(416) 865-4380 jturner@fasken.com
As a leading M&A, corporate finance and "dirt lawyer," Mr. Turner's
expertise is sought in top resource deals and in other sectors. His clients
include issuers and underwriters in Canada and throughout Africa,
Latin America and Eastern Europe.
LEXPERT RANKED LAWYERS
diction to phase out coal-fired power generation.
e foundation of the transaction is that Bruce Pow-
er will receive a stable price for the electricity it gener-
ates over the life of the Units, allowing it to undertake
life-extension activities including the refurbishment
and major component replacement of the Units. e
initial price for such electricity under the ARBPRIA is
$65.73 per megawatt-hour (MWh), about 30 per cent
lower than the average price of power that Ontario resi-
dents paid for electricity in 2015.
As part of the transaction, Bruce Power was reorga-
nized to consolidate the two limited partnership struc-
ture that was created in 2005 to permit the refurbish-
ment of Units 1 and 2, and the lease and several ser-
vices agreements between Bruce Power and OPG were
amended. Additionally, one of the limited partners of
Bruce Power, a subsidiary of TransCanada Corpora-
tion, exercised its option to acquire limited partnership
interests from BPC Generation Infrastructure Trust (a
trust established by Ontario Municipal Employees Re-
tirement System), such that those two limited partners
each have an equal interest in the reorganized Bruce
Power. Trusts associated with the Power Workers'
Union, the Society of Energy Professionals and Bruce
Power employees are the other partners of Bruce Pow-
er. In addition, Bruce Power's banking facilities (led by
Scotiabank and TD Bank) were restructured as part of
the reorganization.
Representing the limited partners and Bruce Power
in negotiations with the IESO were Bruce Power Chief
Legal Officer, Brian Hilbers, and McCarthy Tétrault
LLP's David Lever, Seán O'Neill, Michael Weizman,
Matt Appleby and Jamie Klein (energy/corporate),
with necessary tax rulings obtained by Douglas Can-
non, Robert Nearing, Brian Pel and Wendy Brousseau
(tax). Acting on behalf of the IESO were Director,
Corporate Commercial Legal Group, Michael Boll,
and Davies Ward Phillips & Vineberg LLP's Nicho-
las Williams, Brooke Jamison, Chris Figel, Michael
Disney and Steven Cutler.
McCarthy Tétrault LLP also acted for BPC Gen-
eration in the sale of its partnership interest to Trans-
Canada and the renegotiation of the governance ar-
rangements related to Bruce Power. e BPC Genera-
tion team comprised Kath Hammond, Vice President
Legal at Borealis Infrastructure, and McCarthy Té-
trault LLP's David Lever, Matthew Cumming, Chris
Langdon and Jake Irwin.
TransCanada was represented by David Kohlen-
berg, Vice President Law, Energy and Liquids, Victoria
Marselle, Associate General Counsel, Craig Newman,
Senior Legal Counsel, as well as Sean Vanderpol, Mi-
chael Decicco and Rolake Adeniran (corporate) and
Doug Richardson and Dean Kraus (tax) of Stikeman
Elliott LLP.
e reorganization of Bruce Power was undertaken
by a McCarthy Tétrault LLP team comprising Su-
zAnne Murphy, Jake Irwin, David Badour, Omar
Soliman, Na Fan and Zach Masoud. Acting for Bruce
