Month: November 2012

Dewey Files Liquidation Plan

Dewey & LeBoeuf, the international law firm that sought bankruptcy protection last May, has filed its U.S. Bankruptcy Code Chapter 11 plan and disclosure statement. It sets out their proposal to liquidate their assets in order to repay creditors at least a portion of more than $600 million in debt. Chief on the asset side,

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‘Twists and turns’ in getting regulatory approval for air carrier investment

When US-based Bristow Group wanted to invest in Canadian air carrier Cougar Helicopters, the regulatory process was demanding. Mitchell Gropper, QC, of Farris, Vaughan, Wills & Murphy LLP, was lead transactional counsel for Cougar and VIH Aviation Group, its parent company. He spoke to Lexpert about the deal: Every transaction has different twists and turns

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OSC emerging markets guidance is ‘constructive’: Waitzer

The Ontario Securities Commission’s recent guide, published November 9, outlining the regulator’s expectations for directors and management of emerging market issuers (EMIs) contains “constructive” advice, says Edward Waitzer, a top corporate lawyer at Stikeman Elliott: They have identified a lot of what is common sense when you are dealing in a foreign jurisdiction where the legal

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Enforcing arbitral awards ‘not guaranteed’ in China, India, Russia: Blakes seminar

Blakes hosted a seminar on arbitration this week that offered some candid insights into trends and issues that are starting to crop up. The panel included Blakes arbitration experts Seumas Woods, Joe McArthur, Brad Berg and Joel Richler, along with Susanne Dickerson, counsel at Ohio-based Cliffs Natural Resources, who offered a valuable client perspective. International

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Copyright reforms come into force

Lexpert has been following the many recent changes in copyright law – including the new Copyright Modernization Act, which cleared the House of Commons in June. Now, as Alexandra Stockwell has outline on Stikeman Elliott’s Canadian Technology & IP Law blog, most of the new provisions of, and amendments to, the Canadian Copyright Act have

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Norton Rose Fulbright look to create an energy-practice ‘corridor’ across the Americas

With yesterday’s announcement of the blockbuster merger between Norton Rose and Fulbright & Jaworski, the newly formed entity has tipped its hand to reveal a fascinating Americas energy-practice strategy. Top representatives of the firm — which will be renamed Norton Rose Fulbright on June 1, 2013 — spent much of the day touting the breadth

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Big Deals: Leon’s Buys The Brick for $700M

Leon’s Furniture Ltd. announced its $700-million acquisition of The Brick Ltd. on Sunday, in a transaction that has been the talk of the retail sector. According to Chris Hewat of Blake, Cassels & Graydon LLP, who is leading the corporate/securities team for The Brick Ltd.: This is a very significant transaction for Brick shareholders, who have

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Proxy adviser ISS to focus on long-term CEO pay for performance

Lawyers in the corporate governance arena would be well advised to keep close tabs on recently proposed changes to the way in which proxy advisers evaluate CEO pay for performance. Hard on the heels of the TSX’s proposal to mandate majority-voting policies for all issuers — a procedural shift that would lend more power to

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CLOs opting for AFAs: survey

According to a report on slaw.ca: the US-based legal business consultancy firm Altman Weil, Inc. has surveyed more than 200 Chief Legal Officers (CLOs) on issues of relevance to their corporate law departments. Many CLOs are actively negotiating reductions in their outside counsel fees, opting for alternatives to the traditional legal model and increasing the

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Hershey hit with nasty child labour suit

Pennsylvania-based Hershey Co., the largest producer of chocolate in North America, has been hit with a lawsuit that has the makings of a public-relations nightmare. Yesterday, on Nov. 1 — conspicuously one day after Halloween — the Louisiana Municipal Police Employees’ Retirement System (LAMPERS), a pension fund and Hershey shareholder, filed suit against the company,

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