WWW.LEXPERT.CA
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2017
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LEXPERT 17
Forestell, QC, Peter R. Cox & Palmer
(506) 633-2715 pforestell@coxandpalmer.com
Mr. Forestell advises major Canadian, international and provincial
businesses on corporate commercial, IP & technology, real estate,
and securities and corporate finance matters. His clients also include
utilities and financial institutions.
Fien, Cy M. Fillmore Riley LLP
(204) 957-8348 cyfien@fillmoreriley.com
A Senior Tax Partner of Fillmore Riley LLP, Mr. Fien practises primarily in the
areas of taxation and trust law. He has extensive experience in corporate
tax planning, corporate reorganizations, estate planning, trust law and tax
litigation. He taught corporate tax and estate planning courses at the Faculty
of Law at the University of Manitoba for over 20 years.
Ferrara, Justin E. Norton Rose Fulbright Canada LLP
(403) 267-8393 justin.ferrara@nortonrosefulbright.com
Mr. Ferrara's main practice is in securities law, with a focus on mergers
and acquisitions and corporate finance. Mr. Ferrara has represented a
number of both publicly traded and privately held clients in a broad range
of matters, including mergers and acquisitions, public and private-equity
financings, corporate reorganizations and corporate governance issues.
Ferland, Denis Davies Ward Phillips & Vineberg LLP
(514) 841-6423 dferland@dwpv.com
Mr. Ferland is a partner in financial restructuring & insolvency and litigation
practices. He advises many multinational companies, financial institutions,
creditors and court officers (including trustees, monitors, receivers)
in complex domestic and cross-border restructurings and insolvencies.
Has received many recognitions as a leading lawyer. Board member
of the Insolvency Institute of Canada.
Feldberg, Peter D. Fasken Martineau DuMoulin LLP
(403) 261-5364 pfeldberg@fasken.com
Mr. Feldberg is the Firm Managing Partner of Fasken Martineau.
He practises in all aspects of utility regulation and energy project
development. He acts for applicants to power generation, electricity
and gas transmission projects, advises clients on legislative and regulatory
requirements, public consultation, environmental assessments and acts
on contested applications and appeals.
Ezekiel, Ron Fasken Martineau DuMoulin LLP
(604) 631-4708 rezekiel@fasken.com
Mr. Ezekiel is a partner with the firm's Global Energy Group. He assists
utilities, independent power producers, and other energy and resource
industry clients with matters such as project permits and environmental
assessment; impact benefit agreements and negotiations with First Nations;
project finance; mergers & acquisitions; divestitures; joint ventures;
and carbon market-related activities.
LEXPERT RANKED LAWYERS
pension funds and retail investors but oen hedge
funds and private-equity funds. At least 90 per cent
of the capital raised by the IPO must be placed in
an escrow account and then used towards the
qualifying acquisition. Canada has had six SPACs
do IPOs to date, raising over $1 billion.
A SPAC is founded by a sponsor (or founder)
with the credibility and know-how to raise capital
and identify a promising operating business. e
founder (together, if desired, with some or all of the
directors or officers of the SPAC) holds 100-per-
cent ownership of the SPAC before its IPO and
assembles its management team.
Once listed on the TSX, a SPAC has up to
36 months to complete a qualifying acquisition,
though market practice has dictated a period of 21
to 24 months. e SPAC-specific listing require-
ments imposed by the TSX include a minimum
offering price of $2 a share and at least 1,000,000
freely tradeable shares with an aggregate market
value of at least $30 million.
e SPAC is not allowed to have a binding
agreement with a target company before it does its
IPO. e SPAC prospectus typically states that it
hasn't identified a qualifying acquisition target and
has not initiated substantive discussion with any
potential acquisition target.
e TSX adopted its listing rules for SPACs
back in 2008 in order to imitate NASDAQ and
the NYSE, but Canadian investors sat on the side-
lines until 2015.
"e TSX brought in its rules at a most in-
opportune time, because the capital markets were
in a poor state following the 2008 credit crisis," says
Stephen Pincus, a partner at Goodmans LLP in
Toronto. "In fact, you couldn't have picked a worse
