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 Enters into an Agreement to Sell 50% of Zaldívar Mine to Antofagasta Plc
Davies acted for Barrick Gold Corporation in connection with its $1.005-billion sale of a 50% interest in the Zaldívar copper mine in Chile to Chile-based Antofagasta Plc. With this agreement, Barrick formed a new joint venture partnership with Antofagasta, one of the world’s leading copper companies.
The Davies team on this transaction included Melanie Shishler, Joshua Kuretzky, Jennifer Grossklaus and Atanas Varbanov (Mergers & Acquisitions), Geoffrey Turner (Taxation), Sarah Powell (Environmental) and John Bodrug and Jim Dinning (Competition & Foreign Investment Review).
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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...
