OVERVIEW & EXPERTISE

 

The economic crisis and the related imposition and enforcement of complex regulations is impacting the financial services industry worldwide. Not only is compliance costly and time consuming but companies in violation of regulations also face the possibility of reputational damage and heavy penalties. Financial services companies need a law firm that knows their industry, understands the regulators, is skilled at risk management and compliance strategies and can represent them before regulatory bodies.

Blakes is recognized as having Canada's pre-eminent financial services practice, including the largest and most active financial services regulatory practice in the country. Chambers Canada: Canada’s Leading Lawyers for Business 2016 ranks Blakes number one in banking and finance: “A dominant force in Canadian banking and finance, with a stellar reputation for its representation of top domestic and international financial institutions.… Strengths: ‘They probably have the most strength in the financial industry in Canada - in terms of technical depth, they're excellent.’” Chambers Global: The World’s Leading Lawyers for Business 2015 also ranks Blakes number one in banking and finance: “One of Canada's leading financial services law firms, with a prominent reputation for its strength across the country…. Strengths: ‘They have a huge banking group, a great practice and a group of strong lawyers.’ ‘They provide a full suite of services and can always pull in people with experience for unique issues.’” Our lawyers have experience and depth of expertise in every aspect of financial services regulation. We provide sophisticated advice to numerous regulated financial institutions (including domestic and foreign banks, insurance companies, trust and loan companies and credit unions), as well as commercial and consumer finance companies, operators of payment systems, and other financial services providers, intermediaries and distributors.

Our multidisciplinary team advises domestic clients as well as foreign financial services providers in connection with structuring, establishing and managing all types of financial services businesses and federal and provincial regulatory approvals, licences, permits, rulings and compliance matters. We also counsel clients on the legal, regulatory and structuring issues that arise in the full range of transactions involving financial institutions, from establishment, acquisitions and dispositions, financings, intercompany agreements, outsourcing arrangements and transactions with related parties to securitizations, reinsurance, reorganizations and winding-up.

Our representation extends further to counselling clients on the development, marketing, distribution, licensing and protection of financial services and products, including product disclosure, documentation, delivery requirements and processes, consumer protection, privacy and e-commerce issues, credit reporting and the regulation of collection activities. We advise on all types of financial services, including deposits (including structured products, such as principal protected notes), structured or synthetic insurance products, cross-border instruments, principal-at-risk notes, covered bonds, loans (including credit cards, lines of credit, student loans, residential mortgage loans, payday loans and commercial loans), leases, money transfers, Internet and mobile banking, merchant services and other deposits, loans, investment and insurance products. We advise on all material transactions, the full spectrum of products and documents, and the establishment, implementation and enforcement of corporate governance and compliance programs. We advise clients on risk management, confidentiality, data protection, and anti-money laundering/anti-bribery and anti-foreign corruption laws, policies and procedures.

Team members also represent clients before regulatory bodies and in all of the Canadian courts.


Representative Matters

  • Standard Life plc on the C$4-billion sale of its Canadian business to Manulife. 
  • Canadian Tire Corporation’s agreement with Scotiabank regarding a strategic partnership pursuant to which Scotiabank will acquire a 20-per-cent equity interest in Canadian Tire’s financial services business for C$500-million in cash. 
  • Bank of America/MBNA Canada on the C$8.5-billion sale of MBNA Canada’s credit card portfolio to TD Bank Group. 
  • Intact Financial Corporation on its C$2.6-billion acquisition of AXA SA’s Canadian insurance businesses and its later C$300-million sale of the life insurance business to SSQ Life Insurance Company Inc. 
  • CIT on the acquisition of its Canadian financing business by Dell. 
  • Concentra Financial Services Association regarding the establishment of Canada’s only retail association under the Cooperative Credit Associations Act.

 

 INDUSTRY RECOGNITION

 

Blakes Financial Services Regulatory lawyers have been recognized as leaders in the most recent editions of the following publications:

  • Chambers Canada: Canada’s Leading Lawyers for Business
  • Chambers Global: The World's Leading Lawyers for Business
  • The Canadian Legal Lexpert Directory
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
  • The Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada
  • IFLR1000: The Guide to the World’s Leading Financial Law Firms
  • Who's Who Legal
  • Who’s Who Legal: Banking
  • Who's Who Legal: Canada
  • Legal Media Group's Guide to the World's Leading Lawyers in Banking, Finance and Transactional Law
  • Legal Media Group’s Guide to the World’s Leading Women in Business Law
  • The Legal 500 Canada 
  • The Best Lawyers in Canada

Our group has also received the following award: 

  • 2016 PX Payments Awards’ Person of the Year 

 

 PEOPLE

 
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Associate | Toronto
Toronto: 416-863-3337
Areas of Expertise: Financial Services Regulatory, Aviation/Aerospace, Banking, Consumer/Retail Financial Services, Insurance, Reinsurance, Payment Cards & Technologies, Residential Mortgage Business, Debt Finance & Lending
Partner | Toronto
Toronto: 416-863-4284
Areas of Expertise: Financial Services Regulatory, Insurance, Mergers & Acquisitions, Investment Products & Asset Management, Banking, Consumer/Retail Financial Services, Payment Cards & Technologies, Residential Mortgage Business, Reinsurance, Financial Services, Pension Funds Investment, Investment Funds, Investment Vehicles, Enterprise Risk & Crisis Response, Government & Public Sector, Fintech, Credit Unions
Associate | Toronto
Toronto: 416-863-3858
Areas of Expertise: Financial Services Regulatory, Anti-Money Laundering, Consumer/Retail Financial Services, Banking, Financial Services
Associate | Toronto
Toronto: 416-863-4197
Areas of Expertise: Financial Services, Financial Services Regulatory, Banking
Counsel | Montréal
Montréal: 514-982-4017
Areas of Expertise: Financial Services Regulatory, Consumer/Retail Financial Services, Residential Mortgage Business, Payment Cards & Technologies, Marketing & Health Regulatory, Banking, Insurance, Reinsurance, Lobbying, Financial Services, Fintech
Associate | Toronto
Toronto: 416-863-2492
Areas of Expertise: Mergers & Acquisitions, Corporate & Commercial, Financial Services Regulatory, Financial Services, Life Sciences, Private Equity, Venture Capital, Technology, Mining, Insurance, Pension Funds Investment
Associate | Toronto, Montréal
Toronto: 416-863-4236
Montréal:
Areas of Expertise: Financial Services Regulatory, Insurance, Banking, Consumer/Retail Financial Services, Payment Cards & Technologies
Associate | Toronto
Toronto: 416-863-3845
Areas of Expertise: Financial Services, Consumer/Retail Financial Services, Financial Services Regulatory, Payment Cards & Technologies
Partner | Toronto
Toronto: 416-863-5831
Areas of Expertise: Corporate & Commercial, Insurance, Financial Services Regulatory, Mergers & Acquisitions, Banking, Insurance Litigation, Consumer/Retail Financial Services, Reinsurance, Payment Cards & Technologies, Fintech, Credit Unions
Partner | Toronto
Toronto: 416-863-2956
Areas of Expertise: Financial Services Regulatory, Banking, Insurance, Reinsurance, Anti-Money Laundering, Consumer/Retail Financial Services, Payment Cards & Technologies, Residential Mortgage Business, Business Crimes, Investigations & Compliance, Lobbying, Cybersecurity, Government & Public Sector, Credit Unions
Associate | Toronto
Toronto: 416-863-2987
Areas of Expertise: Debt Finance & Lending, Asset-Based Finance, Banking, Financial Services, Equipment Financing, Project Finance, Financial Services Regulatory
Partner | Toronto
Toronto: 416-863-2443
Areas of Expertise: Financial Services Regulatory, Banking, Asset-Based Finance, Debt Finance & Lending, Equipment Financing, Project Finance, Lobbying, Government & Public Sector
Associate | Toronto
Toronto: 416-863-2787
Areas of Expertise: Financial Services Regulatory, Financial Services, Banking
Partner | Toronto
Toronto: 416-863-3089
Areas of Expertise: Asset-Based Finance, Debt Finance & Lending, Equipment Financing, Project Finance, Financial Services Regulatory, Lobbying, Banking, Structured Finance & Derivatives, Residential Mortgage Business, Government & Public Sector, Cannabis
Associate | Toronto
Toronto: 416-863-5842
Areas of Expertise: Financial Services Regulatory, Payment Cards & Technologies, Consumer/Retail Financial Services, Banking, Residential Mortgage Business, Retail & Consumer Products
Partner | Toronto
Toronto: 416-863-2164
Areas of Expertise: Financial Services, Financial Services Regulatory, Restructuring & Insolvency, Asset-Based Finance, Debt Finance & Lending, Project Finance, Structured Finance & Derivatives, Equity Capital Markets, Pension Funds Investment, Investment Funds, Investment Vehicles
Associate | Toronto
Toronto: 416-863-2294
Areas of Expertise: Financial Services, Financial Services Regulatory, Banking, Lobbying
Partner | Toronto
Toronto: 416-863-4325
Areas of Expertise: Investment Products & Asset Management, Corporate & Commercial, Capital Markets, Financial Services Regulatory, Insurance, Equity Capital Markets
Law Clerk | Toronto
Toronto: 416-863-2182
Areas of Expertise: Financial Services, Financial Services Regulatory, Consumer/Retail Financial Services, Insurance, Aviation/Aerospace
Associate | Toronto
Toronto: 416-863-2712
Areas of Expertise: Financial Services, Financial Services Regulatory, Banking
Associate | Toronto
Toronto: 416-863-5272
Areas of Expertise: Financial Services Regulatory, Anti-Money Laundering, Consumer/Retail Financial Services, Payment Cards & Technologies, Corporate & Commercial, Banking, Insurance, Reinsurance
Partner | Toronto
Toronto: 416-863-2602
Areas of Expertise: Financial Services Regulatory, Consumer/Retail Financial Services, Payment Cards & Technologies, Corporate & Commercial, Banking, Anti-Money Laundering, Insurance, Equipment Financing, Fintech
Partner | Toronto
Toronto: 416-863-2575
Areas of Expertise: Corporate & Commercial, Financial Services Regulatory, Mergers & Acquisitions, Food, Beverage & Agribusiness, Life Sciences, Reinsurance, Insurance
Associate | Toronto
Toronto: 416-863-4154
Areas of Expertise: Financial Services, Financial Services Regulatory, Banking, Anti-Money Laundering, Payment Cards & Technologies, Debt Finance & Lending, Insurance, Reinsurance, Payment Cards & Technologies, Sanctions & Export Controls, Capital Markets, Credit Unions
Partner | Toronto
Toronto: 416-863-3290
Areas of Expertise: Financial Services Regulatory, Business Crimes, Investigations & Compliance, Banking, Anti-Money Laundering, Consumer/Retail Financial Services, Payment Cards & Technologies, Financial Services, Fintech, Credit Unions, Cannabis
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