Recent Experience
CST Canada Coal Limited, in its acquisition of coal assets of Grande Cache Coal LP and Grande Cache Coal Corporation for aggregate consideration of approximately USD$433.9 million.
Alberta Municipal Services Corporation (AMSC), in reorganization of the MuniFunds program, an aggregated investment service with over $25 million invested and the registration of AMSC as an investment fund manager with the Alberta Securities Commission.
Appeal counsel to ATCO Gas and Pipelines Ltd., in its successful appeal from an Alberta Energy and Utilities Board
Order purporting to require it to hold the proceeds of sale of an
asset in a deferral account. The successful appeal confirms
that the Board has no jurisdiction over utility assets not required
to provide utility service and that the utility is entitled to the
sale proceeds without any conditions.
ATCO Gas and Pipelines Ltd. v. Alberta (Energy and Utilities
Board) 2009 ABCA 171.
Assisted a widely held private business in a reorganization pursuant to a plan of arrangement.
ATCO Electric, in negotiation and structuring of
hedge transactions regarding Regulated Rate Option customer load in
Alberta.
ATCO Gas and Pipeline Ltd., in its successful
appeals of three related Board Decisions regarding the ability of
the regulator to assert jurisdiction over its Carbon gas storage
facilities and related production properties, which assets no
longer serve any purpose for utility service. The court ruled
that revenue generation is not a valid utility service.
ATCO Ltd., in the disposition of ATCO I-Tek Inc. and ATCO's Australian IT operations to affiliates of Wipro Ltd. for aggregate sale proceeds of approximately $210 million.
ATCO Ltd., in the negotiation, structuring and other commercial matters relating to ATCO entering into a strategic alliance with Wipro including 10-year master service agreements governing the provision of IT services by Wipro to the ATCO Group of Companies valued at approximately $1.2 billion.
Canadian counsel to Grupo Modelo, S.A.B. de C.V. in the proposed acquisition by Anheuser-Busch InBev of the remaining stake in Grupo Modelo that it does not already own for approximately US$20.1 billion.
Darling International Inc., in its acquisition of all the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $645 million.
Korea National Oil Corporation, the state-owned oil and gas company of South Korea, in its acquisition of Harvest Energy Trust for approximately $4.1 billion.
One Equity Partners and Systagenix Wound Management, as Canadian counsel, in the purchase of Ethicon, Inc.'s, (a Johnson & Johnson company), Professional Wound Care business.
Pipeworx Ltd., a widely held private business (with operations in Alberta, British Columbia, Saskatchewan and Manitoba), in the sale of all of the shares in the capital of Pipeworx Ltd. to PLH Group, Inc. (a US-based portfolio company of Energy Capital Partners (being a US private equity firm)), by way of an exempt takeover bid.
Research In Motion Limited, in its $150-million acquisition of Certicom Corp.
Shareholders of Interair/Fun Sun, in its
acquisition by Thomas Cook Group PLC for approximately $114
million.
Shell Canada Products, in its regulatory, environmental, aboriginal and land matters regarding a proposed refinery project.
Statoil Canada Ltd., in the acquisition by PTTEP Canada Limited of the remaining 60% ownership interest in the Thornbury, Hangingstone and South Leismer oil sands areas in exchange for Statoil's 40% stake in the Leismer and Corner projects and approximately US$200 million in cash.
The Manitoba Public Insurance Corporation, as successful appellants on a motion for leave to appeal an Order of the Manitoba Public Utilities Board related to the Board's jurisdiction. Manitoba Public Insurance Corp. v. Public Utilities Board, 2011 MBCA 87
The Manitoba Public Insurance Corporation, as successful respondent in a stated case by the Manitoba Public Utilities Board, in which the Board sought a declaration that it has the jurisdiction to require the disclosure of a wide range of information regarding the Corporation's operations. The Public Utilities Board v. Manitoba Public Insurance Corporation, 2011 MBCA 88
VimpelCom Ltd., in its sale process and disposition of their debt and equity interests in the Globalive group of companies in Canada, including Globalive Wireless Management Corp. (WIND Mobile), including the forgiveness or sale of approximately $2 billion of debt owed by WIND Mobile and the sale of their equity interests in WIND Mobile for approximately $130 million.
Bennett Jones