Ravipal Bains Photo
Ravipal Bains Photo
Ravipal Bains Photo

Ravipal (Ravi) Bains is a trusted advisor in the areas of mergers and acquisitions, corporate governance and corporate finance. Ravi acts for issuers and private equity funds in a variety of sectors, including mining, forestry, and technology. He has advised parties on both sides of negotiations, including shareholders, boards of directors and special committees. In 2019, the M&A Advisor recognized Ravi as one of the “Emerging Leaders” (formerly, the 40 Under 40).

A frequent author, Ravi’s commentary has been featured in national and international publications, including the Harvard Law School Forum on Corporate Governance, The Globe and Mail, Lexpert, Private Equity International, Business in Vancouver, and The Vancouver Sun. He speaks extensively on a wide range of legal and policy issues and has been invited to present his research at the University of California Davis, European Banking Institute, and University of British Columbia.

Ravi is a member of the Canada Climate Law Initiative’s group of experts on climate governance and has a keen interest in the current trends in environmental, social, and corporate governance (ESG). He is also a David Rockefeller Fellow with The Trilateral Commission and a Carnegie New Leader with the Carnegie Council for Ethics in International Affairs.

Prior to joining McMillan, Ravi was a legal advisor at the United Nations International Criminal Tribunal for the former Yugoslavia. Born and raised in rural Punjab, he also clerked at the High Court of Punjab and Haryana and worked at one of India’s premier business law firms.



Representative Matters

Mergers and Acquisitions

  • West Fraser Timber Co. Ltd. in its $4 billion acquisition of Norbord Inc. by way of a plan of arrangement (2020)
  • Auryn Resources Inc. in its $350mn three-way reorganization including spinout of Peruvian assets and concurrent acquisition of Eastmain Resources Inc. for $121 million by way of plan of arrangement (2020)
  • Great Canadian Gaming Corp. in its $500 million substantial issuer bid for common shares (2020)
  • Aurora Cannabis Inc. in its $3.2 billion acquisition of MedReleaf Corp. by way of a plan of arrangement (2018)
  • Waterous Energy Fund in its $85 million going private transaction of Cona Resources Ltd. by way of a plan of arrangement (2018)
  • Asanko Gold Inc. in its US$185m joint venture with Gold Fields Limited for a 50% joint venture interest in Asanko’s 90% interest in the Asanko Gold Mine in Ghana, West Africa
  • Waterous Energy Fund in its C$244 million. acquisition of approximately 67% of common shares of Cona Resources Ltd. from affiliates of Riverstone Holdings, LLC  and NGP Energy Capital Management, LLC (2017)
  • Amarc Resources Inc. in $60 million earn-in and joint venture mineral property transactions involving Hudbay Minerals Inc. (2017)
  • Tahoe Resources Inc. in its purchase of certain mining claims from Constantine Metal Resources Ltd. (2017)
  • Tahoe Resources Inc. in its purchase of certain mining claims from Hecla Mining Inc. (2017)
  • Teck Resources Limited in its $23.2 million acquisition of AQM Copper Inc. by way of a plan of arrangement (2017)
  • Tahoe Resources Inc. in its $1.06 billion acquisition of Lake Shore Gold Corp. by way of a plan of arrangement (2016)

Special Situations and Contested Transactions

  • Aurora Cannabis Inc. in its $1.1 billion successful unsolicited takeover bid for CanniMed Therapeutics Inc. (2017)
  • Stirling Global Value Fund Inc., a significant shareholder of Canexus Corporation, in a three-way contested transaction in the course of Canexus Corporation’s acquisition by Chemtrade Logistics Income Fund. in a $900 million transaction (2016)
  • Dissident shareholder group in its successful proxy contest against the management of Khan Resources Inc. (2017)
  • Dissident shareholder group in its proxy contest against the management of Ximen Mining Corp. (2017)
  • Taseko Mines Limited it its successful defence in a litigious proxy contest initiated by a dissident shareholder group (2016)

Corporate Finance

  • West Fraser Timber Co. Ltd. in its US$2 billion mixed shelf offering of equity, debt and convertible securities (2021)
  • Teck Resources Limited in its US$550 million offering of ten-year notes and cash tender offers for its US$539 million of outstanding notes (2020)
  • Great Canadian Gaming Corporation in its $180 million offering of exchange listed senior unsecured debentures (2020)
  • Aurora Cannabis Inc. in its US$750 million mixed shelf offering of equity, debt and convertible securities (2019)
  • Taseko Mines Limited in its public offering of US$250 million of senior notes (2017)
  • Aurora Cannabis Inc. in its $75 bought deal financing by way of a private placement (2017)
  • Auryn Resources Ltd in its $45 million flow-through financing and strategic investment by Goldcorp Inc. (2017)
  • Merus Labs International Inc. in its $27 million private placement of subscription receipts and related qualifying prospectus (2016)

ESG and Corporate Governance

  • Board of Directors of a TSX listed issuer in improving their environmental, social and governance disclosure, including addressing questions and comments raised by proxy advisory firms such as ISS and Glass Lewis (Ongoing)
  • Board of Directors of TSX and NYSE listed issuers in respect of governance standards, including public disclosure, internal controls, and executive compensation related issues (Ongoing)
  • Board of Directors of TSX and NYSE listed issuers in respect of annual proxy materials, CEO/CFO certifications, and shareholder meetings (Ongoing)
  • TSX and NYSE listed issuers in managing shareholder relations and disputes, including compliance with proxy voting guidelines of ISS, Glass Lewis and major institutional investors and developing internal frameworks and policies to address these governance requirements (Ongoing)
  • Governance committee of a TSX listed issuer in regards to comprehensive updates to codes of ethics, whistleblowing policy, diversity policy and conflicts of Interest (2019)

Speaking Engagements

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News


Media Mentions


Rankings & Recognition

  • Recognized in the 2022 Business in Vancouver BC 500 as one of the most influential business leaders in BC under the area of Professional Services: Environmental Social and Governance Law
  • Recognized in The M&A Advisor as a 2019 emerging leader in the Legal Advisor category
  • Listed in Lexpert’s Top Ten Deals of 2018
  • Listed in The Legal Media Group’s 2017 Canadian Deal of the Year

Directorships & Affiliations

  • Law Society of British Columbia
  • Business Council of British Columbia
  • MOSAIC, British Columbia

Education & Admissions

2016
Called to the British Columbia Bar
2015
JD University of Ottawa
2012
BA, LLB (Honours) Panjab University

Publications

Insights (18 Posts)View More

Featured Insight

New SEC Cybersecurity Rules – Implications for Canadian Issuers

Discusses the impact of new SEC cybersecurity requirements on Canadian foreign private issuers and suggests recommendations for companies to consider.

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Oct 25, 2023
Featured Insight

SEC Approves NYSE and NASDAQ Clawback Listing Standards – Assessing the Implications for Canadian Foreign Private Issuers

On June 9, 2023, the U.S. Securities and Exchange Commission approved the clawback listing standards of the New York Stock Exchange.

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Aug 2, 2023
Featured Insight

ESG Not Just ESG

This bulletin discusses the push for the inclusion of Indigenous considerations in ESG practices which could lead to the addition of "I" (ESGI).

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Jul 25, 2023
Featured Insight

Reporting Issuers Need to be Factual and Balanced, Striving for Accurate and Comprehensive ESG reporting

The CSA cautions issuers against overly promotional "greenwashing" language in continuous disclosure in its biennial report - Staff Notice 51-364.

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Nov 30, 2022
Featured Insight

ESG in Canada: What We Learned in 2021 and Looking Ahead to 2022

In this rapidly evolving business environment, this report from McMillan’s ESG Initiative offers companies and business leaders in Canada an essential overview of ESG developments in regulations, laws and norms that have occurred over the last year.

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Mar 4, 2022
Featured Insight

CSA Propose Standardized and Reinforced Climate-Related Disclosure — Primer on Proposed National Instrument NI 51-107 Disclosure of Climate-related Matters

McMillan Bulletin Proposed National Instrument 51-107 Disclosure of Climate-related Matters Canadian Securities Administrators Climate Change Disclosure

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Oct 25, 2021
Featured Insight

Major Canadian Banks Join Net-Zero Banking Alliance (NZBA) — Unpacking the Initiative and Net-Zero Commitments

On the eve of the 2021 United Nations Climate Change Conference, six of Canada’s largest banks announced they had signed on to the Net-Zero Banking Alliance.

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Oct 21, 2021
Featured Insight

McMillan’s ESG Strategy Sessions

The COVID-19 pandemic and increased concerns over environmental and social issues, such as climate change and systemic racism, have prompted conversations throughout global capital markets.

Details
Thursday, October 28, 2021
Featured Insight

“Say on Climate” — Key Considerations in Implementing Shareholder Votes on Climate

Shareholder engagement on climate-related matters continues to grow across the globe, including Canada, these issues are a key focus area for public companies

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Jul 16, 2021
Featured Insight

Climate, Credit & Canada – Growth of Green Bonds, Sustainability-Linked Credit and Net-Zero Banking

Climate, Credit & Canada - Growth of Green Bonds, Sustainability-Linked Credit and Net-Zero Banking

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Jun 7, 2021
Featured Insight

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends

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May 26, 2021
Featured Insight

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends (adapted to the Province of Québec)

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends (adapted to the Province of Québec)

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May 26, 2021
Featured Insight

Primer on Canadian Federal and Provincial Cleantech Funding Programs

Across Canada, entrepreneurs are striving to develop technologies to reduce greenhouse gas emissions, improve environmental sustainability, and provide other climate-related solutions to the domestic and international markets.

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May 25, 2021
Featured Insight

Thinking of Forming an ESG Fund? Five Pointers for Fund Managers

This article aims to highlight five key pointers for fund managers to think about when launching an ESG fund

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Mar 10, 2021
Featured Insight

CSA Publish Final Proxy Voting Protocols

CSA Publish Final Proxy Voting Protocols

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Feb 1, 2017
Featured Insight

New SCC Decision on Oppression Remedy is Instructive for Closely-Held Private Companies

New SCC Decision on Oppression Remedy is Instructive for Closely-Held Private Companies

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Nov 25, 2016
Featured Insight

Video Games as Canadian Culture: Navigating the Investment Canada Act in Interactive Entertainment Acquisitions

Video Games as Canadian Culture: Navigating the Investment Canada Act in Interactive Entertainment Acquisitions

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May 31, 2016
Featured Insight

2015 Securities Year in Review

2015 Securities Year in Review

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Mar 22, 2016

Deals & Cases (9 Posts)

Featured Insight

McMillan LLP Advises Government of Canada on its Second Green Bond Issuance

On March 5, 2024, the Government of Canada completed its second offering of green bonds, following the inaugural $5 billion offering in 2022.

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Mar 5, 2024
Featured Insight

McMillan Advises the Government of Canada on its Ukraine Sovereignty Bond Issuance

On December 2, 2022, the Government of Canada completed its $500 million Ukraine Sovereignty Bond issuance.

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Dec 2, 2022
Featured Insight

McMillan Advises Government of Canada on its First-Ever Green Bond Issuance

On March 29, 2022, the Government of Canada completed its inaugural $5 billion green bond issuance. This is the first ever offering of a green bond by the Federal Government and the largest Canadian green bond issuance to date.

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Mar 29, 2022
Featured Insight

McMillan LLP Advises West Fraser on C$1.0 Billion Substantial Issuer Bid

On August 20, 2021, West Fraser Timber Co. Ltd. (“West Fraser”) announced the completion of its substantial issuer bid (“SIB”) pursuant to which West Fraser purchased from shareholders for cancellation a total of 10,309,278 common shares at a price of C$97.00 per share for an aggregate purchase price of C$1.0 billion.

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Jul 27, 2021
Featured Insight

McMillan LLP Acts for West Fraser in $4 billion Acquisition of Norbord

McMillan LLP Acts for West Fraser in $4 billion Acquisition of Norbord

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Nov 26, 2020
Featured Insight

Auryn Resources Inc. completes comprehensive reorganization transaction

Auryn Resources Inc. completes comprehensive reorganization transaction

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Oct 13, 2020
Featured Insight

Great Panther completes acquisition of Beadell

Great Panther completes acquisition of Beadell

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Mar 5, 2019
Featured Insight

Auryn Resources Inc Secures $41M From Strategic Investor

Auryn was assisted by a McMillan team comprised of Bernie Zinkhofer, Barb Collins, Ravi Bains, Linda Rocca and Paulette Smith.

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Jan 24, 2017
Featured Insight

Tahoe Resources and Lake Shore Gold close business combination

Tahoe Resources and Lake Shore Gold close business combination

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Apr 6, 2016