Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Announcement
Barrick Divests Cowal Mine and Partners with China’s Zijin Mining Group
Davies acted for Barrick Gold Corporation in connection with a strategic divestiture and a landmark strategic partnership:
- US$550-million sale of Barrick’s 100% interest in the Cowal gold mine in New South Wales, Australia, to Evolution Mining Limited; and
- US$298-million sale to China’s Zijin Mining Group Co., Ltd., of a 50% interest in Barrick (Niugini) Limited, the company that owns 95% of and manages the Porgera Joint Venture gold mine in Papua New Guinea, and the related strategic cooperation agreement.
The Davies team on both transactions included Melanie Shishler, Richard Fridman, Atanas Varbanov (M&A) and Geoffrey Turner (Tax).
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Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt
Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...
