Financial Services
FINANCIAL & BANKING SERVICES
The financial services industry is one of the most competitive and highly regulated sectors in the market. Players in this market need financial services and banking lawyers who are experts in sophisticated transaction structures and complex banking regulations and who can anticipate and successfully navigate industry change. Banks, major international financial institutions, hedge funds, private equity funds, corporate and government institutions turn to McMillan LLP for our expertise in domestic and international market trends, financial services legislation, our commitment to exemplary client service and our global relationships that enable us to swiftly execute the most demanding business transactions.
McMillan’s internal expertise and global connections make us the best choice for any large-scale financial services transaction. We work in inter-disciplinary teams to deliver specific expertise across a variety of industries including, mining, aircraft and aviation, energy, life sciences, pharmaceuticals and automotive. Our financial services lawyers maintain a trusted international network of award-winning business lawyers. With such resources, McMillan is highly qualified to facilitate any and all cross-border transactions seamlessly for clients around the world involving the law.
McMillan’s lawyers are recognized by Chambers, Best Lawyers, Lexpert, the International Financial Law Review and Legal Who’s Who.
SECURED LENDING & SYNDICATED FINANCE
Syndicated finance and secured loans are frequent sources of new capital for North American corporations. McMillan’s Financial Services Group has expert insight into the dynamics of today’s financial markets, with a refined understanding of what degree of risk lenders and borrowers are willing to accept in a given market environment.
We represent both lenders and borrowers in a variety of secured lending transactions, including bi-lateral lending, syndicated lending, asset-based lending, subordinated debt financings, acquisition and sponsored financings and debtor-in-possession financings. We advise clients on structuring, documenting and implementing sophisticated financing arrangements tailored to reflect the unique objectives of each transaction. On the lender side, we work with major Canadian and international commercial banks, institutional investors and other financial institutions, while on the borrower side, we assist corporations, private equity groups, sponsors and funds.
For all secured lending transactions that we help facilitate, our focus is on understanding the clients’ objectives in order to deliver creative, practical solutions. Our experience in secured lending is complemented by expertise in workouts, bankruptcy, restructuring, asset liquidation and, when necessary, litigation.
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Insights (10 Posts)View More
OSFI’s First Quarterly Release: A Concise Summary of Regulatory Updates
Summary of regulatory updates from OSFI's first quarterly release.
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Aug 27, 2024
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RIP CDOR 1986-2024: A Recap of CDOR’s Final Days
On June 28, 2024, CDOR was published for the last time, marking the end of CDOR. The market has adopted CORRA as the Canadian dollar risk-free rate benchmark.
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Aug 13, 2024
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New Criminal Rate of Interest Comes into Effect January 1, 2025
Commencing January 1, 2025, the criminal rate of interest is changing for certain types of loans.
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Jul 22, 2024
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Understanding Quebec’s New Complaint Handling Regulation in the Financial Sector
This bulletin summarizes Quebec's new Regulation on complaint handling in the financial sector effective July 1, 2025.
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Jul 17, 2024
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The Future of Banking Becomes Law: Implications of the Consumer-Driven Banking Act on Fintechs, Financial Institutions and Consumers
Implications and remaining questions of Canada's newly enacted open banking legislative framework (including the Consumer-Driven Banking Act)
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Jun 27, 2024
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Time to Get Tough! CARR Provides Guidance for CDOR Tough Legacy Contracts
CARR released guidance with respect to tough legacy contracts in Canada that don't have workable CDOR fallback language; who this applies to; why it was issued.
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Jun 18, 2024
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Sanctions Enforcement Rising: Border Seizures and Forfeitures, Administrative Penalties and a New Reporting Obligation for Sanctions Evasion Offences
Changes to Canada’s sanctions regime under Bill C-59 will add reporting requirements for importers/exporters, create AMPs, and grant new CBSA seizure powers.
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Jun 13, 2024
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Goodbye CDOR, Hello CORRA: CDOR’s Final Month and CORRA Loan Trends
CDOR will cease being published after June 28, 2024; CORRA is now used in credit agreements with certain trends developing in its use.
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Jun 11, 2024
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Understanding the Consumer-Driven Banking Framework: Key Insights from the Budget Implementation Act, 2024, No.1
On April 30, the federal government introduced the Budget Implementation Act, 2024, No. 1, which provides the legislative framework for open banking in Canada.
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May 13, 2024
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Legal Risk Assessments – An Essential Risk Management Tool
The best way to address the legal issues that arise in any business is to focus on their identification and resolution before they become legal problems.
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May 9, 2024
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