Month: December 2011

More Mining M&A in 2012 … $2.5B Eldorado Big Deal coming down the pike

On December 18, 2011, Vancouver-based Eldorado Gold Corp. announced that it had agreed to acquire competitor European Goldfields Ltd. for around $2.5 billion in a transaction that will diversify Eldorado’s asset base into Greece and Turkey. The acquisition will be the largest ever for Eldorado, which had previously been featured in Lexpert’s Big Deals for its

Read More

Exchange traded funds: a new practice area?

With all the market uncertainty in 2011, many investors have been looking to decrease the management fees they pay for their investments products as a way to offset losses. Exchange traded funds (ETFs) are an investment product that have grown exponentially in Canada in the last year in response to this, as ETFs tend to

Read More

Are lawyers obligated to speak out against doomed deals?

A news story last week in the London Daily Telegraph got me thinking about a lawyer’s responsibility – both legal and ethical – to pronounce on the viability of a deal that may seem doomed to fail. The story cited a report by the Financial Services Authority, which seemed to suggest that advisers to the

Read More

Law Society of Upper Canada awards

For legal professionals in Ontario, while you are thinking up your New Year’s Resolutions, you might also bear in mind that the Law Society of Upper Canada invites nominations for its Law Society awards. Awards for lawyers include the Law Society Medal, the Lincoln Alexander Award and the Laura Legge Award. The LSUC has introduced

Read More

Big Deal – DISH Network Buys the Assets of TerreStar Networks

On July 7, 2011, DISH Network Corporation, the second largest satellite TV operator in the US, was successful in its all cash bid of US$1.375 billion in the bankruptcy court auction of TerreStar Networks Inc., which offers wireless services over a satellite network. This cross-border telecom deal has two unique “firsts”: It’s unique because DISH

Read More

Nicholl Paskell-Mede LLP merger with Clyde & Co.

Michael Payton was in Toronto yesterday, to celebrate the launch of Clyde & Co Canada LLP, a merger of Canadian insurance firm Nicholl Paskell-Mede LLP with global Clyde & Co. Payton, a Clyde & Co senior partner, and architect of its several high-profile mergers (including with Barlow Lyde & Gilbert) was recently picked as Legal

Read More

Introducing … Paul Paton on Ethics

It is with great pleasure that I introduce our new Ethics columnist, Paul Paton. Paul has done everything at one point or another. In the early ’90s, he worked in the commercial litigation group at the old Davies, Ward & Beck in Toronto. He then served as Justice and Social Policy Advisor to the Premier

Read More

Rising Stars: what it takes to succeed in the law

The Lexpert team has been spending many hours over the last few months or so working on our Rising Stars event which took place on Nov. 30. In our latest issue of Lexpert we profiled the 46 winners, who are all 40 or under but have achieved a great deal in their career already. We

Read More

Skylines

On a flight early this morning from Montreal to Halifax, after two days of meetings with Montreal law firms, the plane got close to Halifax, circled in the stormy sky above it for as long as jet fuel permitted and then had to fly back and land in Montreal. This provided a further opportunity to

Read More

A Tear for Devonshires, Dry Eyes for Mishcon

A couple of interesting legal stories coming out of the UK this week. First, as I’m sure many of you have already read, Kevin Steele – former partner at Mishcon de Reya – was found guilty on Monday of conspiring in a €22-million loan fraud. He and conspirators Michael Shephard and Mark Pattinson used false

Read More