• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Energy Infrastructure Mining Private Equity & Investment Funds View all
Advisory
Crisis & Risk Management Public Policy
View Client Work
International Experience
Insights News Events Subscribe
Arbitration Angle Artificial Intelligence Insights Business Law Talks Podcast Class Actions: Looking Forward Class Action Quick Takes
Economic Outlook New Energy Economy Series Quarterly Fintech Insights Quarterly M&A Insights Sustainability & the CIO
People
Offices
About
Practices
Industries
Advisory Services
Client Work
Insights
News
Events
Careers
Law Students
Alumni
Payments
Search
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

Why choose Bennett Jones for your CBIT?

November 28, 2012

Part 4 of 4 Part Series - In the final video in this series, David Phillips, a partner in our Calgary office of Bennett Jones LLP explains why you should choose our firm to assist with your Canadian Cross-Border Income Trust (CBIT).

In 2010, Bennett Jones lawyers helped create Cross-Border Income Trusts (CBITs) in response to the SIFT rules, which do not apply to business income arising outside of Canada. In November of 2010, Eagle Energy Trust went public with a $169-million IPO. Bennett Jones lawyers acted for Eagle Energy Trust. The firm also acted for Parallel Energy Trust in the spring of 2011 with respect to its $393-million IPO, Argent Energy Trust in respect of its $244-million IPO and Crius Energy Trust in respect of its $100-million IPO. As an energy retailer, Crius Energy Trust is the first CBIT with US assets outside of the oil and gas industry. It is also the first CBIT with a retained interest in the US operating company.

To date, Bennett Jones lawyers have acted for the issuer or underwriters on almost every CBIT that has come to market. Our expertise and understanding of this new vehicle combined with our bench strength have allowed us to earn a leading position in CBIT transactions.

Bennett Jones' CBIT success is an outgrowth of the firm's robust tax, securities and M&A practices. The firm has been involved in half of the ten largest Canadian business IPO deals since January of 2010 (excluding REITS), including MEG Energy Corporation (C$700 million) (acted for issuer), SMART Technologies (US$660 million) (acted for issuer), Gibson Energy (C$568 million) (acted for issuer), Parallel Energy Trust (C$393 million) (acted for issuer) and Argent Energy Trust (C$244 million) (acted for issuer).

Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.

For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.

Download PDF

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

BC Government Streamlines Renewable Energy Regulatory [...]

May 09, 2025
       

Blog

BBHIC 2025: Key Insights From Canada’s Leading Healthcare [...]

May 08, 2025
       

Blog

Upending the Ground Rules: Proposed Major Overhaul [...]

May 08, 2025
       

Blog

Government of Alberta Proposes Significant Changes [...]

May 06, 2025
       

Blog

What Does the SPAC IPO Rebound Mean for Cross-Border Deals?

May 05, 2025
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2025. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones