Tim Phillips, Toronto

About Tim

Tim's practice is focused on capital markets transactions and securities regulatory matters, including public and private debt and equity offerings and advising a wide range of market participants, including issuers, underwriters, dealers, fund managers, exchanges, clearinghouses, alternative trading systems and trade associations, on Canadian capital markets and derivatives regulation, compliance, trading, netting and collateral issues.

Tim joined Blakes in 2015 after practising U.S. bankruptcy, securities and derivatives law in the New York office of a leading New York-based international law firm.

Select Experience

Representative matters include acting on behalf of and advising:

REGULATORY MATTERS

Dealers, asset managers and fund sponsors on Canadian regulatory requirements, including dealer and portfolio manager registration requirements, acquisitions of regulated entities and Canada's universal market integrity rules
Clearinghouses, trade associations and various other U.S., Canadian and international market participants in connection with OTC derivatives trading documentation and regulatory reform initiatives, including Canada's mandatory clearing, margin, trade reporting and customer collateral protection regimes and proposed registration and business conduct rules
Banks, clearinghouses and custodians on netting and collateral matters (including formal legal opinions) under ISDA, GMRA, GMLSA, MRA and other master agreements, and in connection with admitting Canadian residents as clearinghouse members
U.S. and European trading platforms and clearing agencies in connection with admitting Canadian resident entities as participants/members
Numerous U.S. and European broker-dealers on disclosure, dealer registration and bank regulatory requirements related to extending global offerings into Canada

TRANSACTIONS

Royal Bank of Canada on its proposed C$13.5-billion acquisition of HSBC Bank Canada
Cboe Global Markets, Inc. on its acquisition of Neo Exchange
Cboe Global Markets, Inc. on its acquisition of MATCHNow, a Canadian alternative trading system
Perella Weinberg Partners on its US$975-million de-SPAC merger transaction with FinTech Acquisition Corporation IV
Mackenzie Financial Corporation on its joint venture with Great-West Lifeco Inc. and their acquisition of a 49.9% non-controlling interest and 70% economic interest in Northleaf Capital Partners
Mackenzie Financial Corporation on its acquisition of Greenchip Financial Corp.
Various issuers and dealers on "at-the-market" equity distribution programs and related regulatory requirements
The underwriters in connection with the C$1.8-billion initial public offering of common shares of Hydro One Limited and subsequent follow on offerings
Lundin Petroleum AB, a Swedish oil and gas company, in connection with the cross-border spin-off and TSX listing of its Canadian subsidiary, International Petroleum Corporation
A major U.S. financial institution in connection with C$6-billion of maple bond offerings and numerous other private placements of debt and preferred stock in Canada
A major international financial institution in connection with a C$200-million collateral transformation transaction, including the issuance of an amortizing maple bond
A senior U.S. public issuer in connection with its C$750-million maple bond offering
Pattern Energy Group Inc. in a public offering of class A common shares in the U.S. and Canada under the "northbound" MJDS, raising proceeds of over US$260-million