Legal news and trends for Canadian in-house counsel and c-suite executives
Issue link: https://digital.canadianlawyermag.com/i/1238940
www.canadianlawyermag.com/inhouse 7 Brookfield completes purchase of natural gas processing business Enbridge announced the closing of the federally regulated portion of its deal to sell its natural gas gathering and processing assets to Brookfield Infrastructure. The deal unfolded in two phases, the first of which — the provincially regulated portion — closed in autumn 2018. The $4.3-billion deal included 19 natural gas processing plants and 3,550 kilometres of pipeline in B.C. and Alberta. Under Brookfield, the gas business will be named NorthRiver Midstream Inc. PRODUCTS Encana Completes Transition to U.S.-Domiciled Ovintiv Encana Corporation completed a corporate reorganization and plan of arrangement that resulted in the company establishing its corporate domicile in the U.S., rebranding under the name Ovintiv Inc., and completing a consolidation and share exchange for one share of common stock of Ovintiv for every five common shares of Encana. Following completion of the transaction in January 2020, the Ovintiv common stock began trading on the TSX and NYSE, and the business, board, management and shareholders of Ovintiv were the same as those of Encana prior to the transaction. Cineplex to be acquired by Cineworld Group Cineplex Inc. has signed an agreement with Cineworld Group, plc, pursuant to which Cineworld Group will acquire Cineplex shares for $34 per share for a total transaction value of approximately $2.8 billion. The transaction will be implemented by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) and is subject to Cineplex and Cineworld Group shareholder approvals. This acquisition will create one of the world's largest cinema companies and will provide Cineplex with the scale and benefits that are required to compete effectively in the ever-changing entertainment industry. Docebo Inc. completes $75-million IPO Docebo Inc. completed its initial public offering of 4,687,500 common shares at a price of $16 per share for total gross proceeds of $75 million. The underwriters were granted an over-allotment option to purchase up to an additional 703,125 common shares at a price of $16 per share for additional gross proceeds of $11,250,000 if the Over-Allotment Option is exercised in full. The IPO required co-ordinating complex securities law, IP, tax, banking, commercial and employment advice across several jurisdictions — most notably Canada, Italy and the U.S. New tech helps legal departments protect privacy A platform has been developed through a collaboration between tech companies Seclore and Altien to enable corporate legal departments to track the sharing of confidential data, even after a particular file has been downloaded. Using the tailor-made platform, in-house lawyers will be better equipped to meet stringent data privacy and security requirements by automatically applying granular usage controls to all types of legal documentation as they are shared. Targray appoints new general counsel Targray Technology International Inc. has appointed Annie Galarneau as general counsel. She is also a member of the company's advisory board and senior management team. Galarneau has been tasked with advancing all legal, compliance and governance initiatives to ensure that the company continues to grow in markets across North America, Europe and Asia and maintains its reputation as an alternative energy industry leader and innovator. Galarneau holds a law degree from the Université de Montréal. Prior to joining Targray, she served as senior vice president, legal affairs at MTY Food Group.