JULY 2008
Credit Union transaction completed
The firm acted for Credit Union Central of British Columbia in its acquisition of the assets of Credit Union Central of Ontario Limited. The combined entity, with assets of approximately $8 billion, is now known as Central 1 Credit Union.
#1 in Securities
The firm was top-ranked in Bloomberg's Q2 league tables as advisors to underwriters on Canadian offerings, and the top Canadian firm as advisors to underwriters for U.S. IPOs and Euromarket Bond issuances. 
JUNE 2008
Top-Ranked India Practice
Stikeman Elliott was named in the June 2008 edition of the India Business Law Journal as one of the best international law firms for India-related work.
ABCP Restructuring
Stikeman Elliott is acting for a group of seven foreign bank asset providers in the $32 billion third party asset-backed commercial paper CCAA restructuring, the largest restructuring in Canadian history. The plan of arrangement was recently sanctioned by the Ontario Superior Court of Justice.
India Calling 2008
Stikeman Elliott was a Gold sponsor of India Calling 2008, a conference to promote business partnerships between India and Canada.
2008 Trial Lawyer of the Year
Suzanne Côté, head of the Montréal Litigation Group, has been named "Trial Lawyer of the Year" by Le Monde juridique.
#1 Private Equity Advisor
Stikeman Elliott was ranked as the top legal advisor to private equity in 2007 by both value and number of deals, according to the Financial Post.
MAY 2008
SCC leave denied in drug testing case
The Supreme Court of Canada has declined to hear a case involving the right to test workers in safety-sensitive jobs for drugs. Barbara Johnston represented the successful intervenors in the Alberta Court of Appeal.
Law firms focus on India
The firm's long-standing relationships in India are highlighted in two Financial Post articles on the growth of that country's economy and Canadian law firm efforts to develop a presence in the market.
Symcor and SunTrust sign outsourcing contract
Stikeman Elliott acted for Symcor Inc. in its multi-year outsourcing agreement for a significant portion of SunTrust's back-office banking operations including their check clearing, lockbox processing and statement production.
London Principal short-listed for award
Congratulations to Richard Hay who was runner-up for the Outstanding Individual of the Year award in the Citywealth Magic Circle Awards 2008.
Firm acts on TransCanada offering
Stikeman Elliott acted for TransCanada Corporation in its $1.27 billion prospectus offering of common shares.
B.C. certification motion defeated
Stikeman Elliott's Litigation Group was successful in defeating certification of a proposed class action in British Columbia alleging price-fixing in silicon memory chips (known as DRAM).
Calgary office community award
The Calgary office of Stikeman Elliott was recognized by Volunteer Calgary with a Leader in Business Award. Volunteer Calgary's Leadership Awards is Calgary's premier, community-focused volunteer recognition event.
APRIL 2008
#1 in Securities
Stikeman Elliott was ranked #1 in the Financial Post's Q1 corporate finance league tables acting for underwriters in both debt and equity offerings.
Litigation Group appointment
Stikeman Elliott is proud to announce Louis P. Bélanger's appointment as Head of the National Litigation Group.
#1 M&A firm: American Lawyer
Stikeman Elliott was the top Canadian firm in American Lawyer's 2007 ranking of M&A advisors for deals involving a U.S. principal.
World Finance Legal Awards
Stikeman Elliott was honoured as the 2008 Best Corporate & Commercial Team in Canada by World Finance magazine.
AbitibiBowater refinancing
The firm acted as Canadian counsel in AbitibiBowater group's US$1.4 billion refinancing transactions.
MARCH 2008
Metallica Resources, Peak Gold, New Gold merger
The firm acted for Metallica Resources Inc. in its US$1.6 billion merger with Peak Gold Ltd. and New Gold Inc.
Agreement between Alcoa and the Government of Quebec
Stikeman Elliott represented Alcoa Inc. in connection with an agreement with the Government of Quebec relating to Alcoa's development in Quebec, including a $1.2 billion investment for the modernization of its Baie-Comeau plant and power supply arrangements. The historic agreement will oversee Alcoa's development in Québec until at least 2040.
#1 in Mining sector corporate finance for 2007
Stikeman Elliott was ranked #1 by the Financial Post as legal advisers on equity offerings in the Mining sector in 2007. The firm was first by deal value in acting for underwriters (over $2.2 billion) and in acting for issuers and underwriters combined (over $2.97 billion), including acting on the year's top deal, the $1.2 billion IPO by Franco-Nevada Corp. , and 5 of the top 10 largest deals of the year. Partner Jay Kellerman was quoted in the accompanying Financial Post feature on the mining sector.
Community award for Calgary office
Stikeman Elliott's Calgary office was presented an Alberta's Best Workplaces 2008 award for Volunteerism & Community Involvement by Alberta Venture Magazine. The firm is proud of its Community & Pro Bono program that supports and encourages firm members to get involved in their communities.
FEBRUARY 2008
IFLR Americas Deals of the Year
Stikeman Elliott has been nominated in 3 categories for the International Financial Law Review's Americas Deals of the Year: the M&A Deal of the Year for work on the Thomson-Reuters merger, the Private Equity Deal of the Year for work on the Harbinger-Calpine deal and the Project Finance Deal of the Year for work on the St. Clair Power deal.
2008 Federal Budget Commentary
Stikeman Elliott's Tax Group has prepared a commentary on the tax implications of the 2008 Budget.
Largest IPO in U.S. history
Stikeman Elliott acted as Canadian counsel to the underwriters on the US$19.1 billion offering by Visa Inc., the largest in U.S. history.
Alstom successful in claim
The firm obtained a favorable judgment for Alstom before Québec Superior Court, which ruled a call for tenders must be issued for the $1.2 billion contract for the replacement of Montréal Métro cars.
"Clear, overall winner" in securities
Stikeman Elliott was ranked first for market share by both value and deal count by the Financial Post's 2007 review of legal advisors in corporate finance.
Client publications earn award
The firm has recently won an award from Mondaq, online publisher of worldwide legal articles, as the Contributor Most Read in Canada for January 2008. View and subscribe to our client publications and updates here.
Partner named to McGill Board
Stuart H. (Kip) Cobbett, chief operating officer of Stikeman Elliott and managing partner of the Montréal office, has been appointed Vice-Chair of McGill University's Board of Governors for a three-year term.
JANUARY 2008
"Stikeman Elliott top go-to firm"
Stikeman Elliott finished #1 by both value and deal count in the Financial Post's rankings of legal advisors to underwriters on combined debt and equity deals.
#1 in M&A: Globe & Mail
Stikeman Elliott was the top-ranked legal advisor in the Globe & Mail's 2007 review of Canadian M&A, acting on over $130 billion in deals, and seven of the top 24 transactions of the year.
Lexpert Top 10 Deals of 2007
Stikeman Elliott was credited with acting on 6 of Lexpert's Top 10 Corporate Deals of 2007, including the top 2 deals of the year.
Tax partner joins Calgary office
Douglas Richardson, a well-respected practitioner in the areas of international tax, mergers and acquisitions, corporate reorganizations and the taxation of energy related investments, has joined our Calgary office as a partner.
CIBC $2.75 billion equity offering
Following a #1 ranking for securities in 2007, the firm is off to a good start in 2008, acting for the underwriters in CIBC's $2.75 billion common share issue.
"No debate" on #1 securities advisor
The Globe & Mail Streetwise blog highlights the firm's position as the top legal advisor to dealers and issuers in 2007 Canadian equity offerings.
#1 in M&A and Securities in 2007
Stikeman Elliott was ranked #1 in year-end M&A league tables from Thomson Financial and Mergermarket, and #1 in Securities league tables from Bloomberg.
DECEMBER 2007
Duties of Directors during take-over
Montréal lawyer Patrick Desalliers and Professor Stéphane Rousseau are authors of "Les devoirs des administrateurs lors d'une prise de contrôle", comparing directors' duties in a take-over in Delaware and Canadian law.
Lowe's arrives in Canada
Stikeman Elliott congratulates Lowe's Home Improvement Warehouse on its grand opening of 3 Ontario stores. The firm is proud to have worked closely with Lowe's on its Canadian expansion.
Doing Business in Canada
Stikeman Elliott has launched an updated 2007/08 edition of its Doing Business in Canada legal overview guide. To order a copy, please click here.
NOVEMBER 2007
Antonio Lamer (1933 - 2007)
Stikeman Elliott is saddened over the passing of former chief justice Antonio Lamer, one of the longest-serving and most influential judges in Canadian history. After his retirement from the Supreme Court of Canada in 2000, Mr. Lamer acted as counsel in the firm's Ottawa office, and as a friend and mentor to many of our lawyers.
Insurance update: The year ahead
Our latest Insurance Law update highlights key developments and issues expected to impact the Canadian insurance industry over the next year.
Montréal counsel to head CBC
Hubert T. Lacroix of the Montréal office has been named the new president and chief executive officer of the Canadian Broadcasting Corporation.
OCTOBER 2007
New Calgary Litigation Partner
The firm's Calgary office is pleased to welcome partner Michael Mestinsek to its Litigation practice group.
"Stikeman Elliott rules again" in M&A
Stikeman Elliott is number one in Canadian M&A according to Q3 league tables from the Globe & Mail/Thomson Financial, and retains lead ranking in listings by mergermarket, Bloomberg and Mergerstat Review.
Largest Canadian IPO of 2007
The firm acted for BMO Nesbitt Burns Inc. and UBS Securities Canada Inc., as lead underwriters, in connection with Franco-Nevada Corp.'s $1 billion IPO, the largest in Canada in 2007.
Supreme Court rulings a big win for IBC
On Friday, October 19, 2007, the Supreme Court of Canada overturned two Court of Appeal decisions which interpreted the standard indemnity language found in various insurance statutes throughout Canada. The Court narrowed the scope and meaning of the indemnity language found in most Canadian automobile insurance policies. Alan D'Silva, along with Danielle Royal and Ellen Snow, represented the intervener, Insurance Bureau of Canada and the interests of insurers in Canada.
Media coverage:
Global Mining client seminar
The Global Mining Group will co-host a client breakfast seminar on the topic of 'Protecting Your Overseas Investment' on November 13 in the Toronto office.
First in Canada for M&A
Stikeman Elliott is the leading Canadian firm for M&A according to recent mergermarket tables.
Canadian chapter on M&A: ICLG
M&A partners Marvin Yontef and Simon Romano authored the Canadian chapter in the International Comparative Legal Guide: M&A 2008 publication series.
First Quebec PPP agreement signed
We are acting for the syndicate who won the PPP tender for the construction of Autoroute 25.
#1 in M&A: Thomson, Bloomberg
The firm finished first in Q3 M&A league tables from Thomson Financial and Bloomberg, ranked by volume of announced Canadian deals.
SEPTEMBER 2007
Presidents Cup in Montréal
Partner Michael Richards' involvement in the recent high profiled and successful golf tournament is noted in a Globe and Mail article.
Leader in Securities: Bloomberg
Stikeman Elliott ranks first in Q3 corporate finance league tables from Bloomberg, recording 53 deals with a value of over $5.1 billion for issuers and underwriters combined. The firm also enjoys a 19.3% market share as legal adviser to underwriters, more than doubling the share of the second-place firm. Highlights of the firm's work in the quarter included acting in connection with the $250.5 million financing by Paramount Energy Trust and the $518 million bond financing by Harrison Hydro Finance Inc.
Sale of PrimeWest Energy Trust
Sept. 24, 2007 - The firm acted for PrimeWest Energy Trust on its $5 billion sale to Abu Dhabi National Energy Company PJSC, announced today.
Islamic banking expertise in the news
Partner Stuart Carruthers is quoted in a Globe & Mail article on how sharia-banks operating in compliance with Islamic religious law would be regulated in Canada.
Pensions in M&A: Benefits Canada
Andrea Boctor examines pension plan related options and obligations of sellers and purchasers in M&A transactions.
Kids Help Phone Campaign
As part of our commitment to community initiatives, the firm finished among the Top 10 fundraising companies in the Bell Walk for Kids Help Phone, raising over $27,000.
Largest buyout in Canadian history
We acted for BCE Inc. on the $51.7 billion acquisition bid by a consortium led by the Ontario Teachers Pension Plan.
Legal Tips for Doing Business in Asia
The New Zealand Business Magazine features tips by legal experts including Sydney partner, Brian Hansen.
AUGUST 2007
OBCA amendments: What you need to know
Latest legal update reviews recent significant amendments to the Ontario Business Corporations Act.
CIBC Run for the Cure Opens TSX
Aug. 17 - Partner and National Chair of the Canadian Breast Cancer Foundation, Alison Youngman, helps kick off the CIBC Run for the Cure.
New Securities Law Publication
Olivier Proulx has written the book Le traitement des porteurs minoritaires dans un contexte transactionnel, published by Éditions Wilson & Lafleur. In a practical approach to transactional law, the author draws the landscape of the legal system as it applies to minority shareholders of Canadian publicly-traded companies.
Walt Disney's acquisition of Club Penguin
August 1, 2007 - The Walt Disney Company has acquired Club Penguin, one of the fastest-growing online virtual worlds for kids, in a transaction valued at US $700 million. See press release.
Canadian Council for PPP Awards
Quebec's Autoroute 25 project wins Silver Award for Project Financing at the Canadian Council for Public-Private Partnerships 8th Annual Awards for Innovation and Excellence
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