Paul Belanger
Partner | Toronto
Toronto: 416-863-4284

Paul is Practice Group Leader of the Blakes Financial Services group. His own practice encompasses all aspects of the regulation of financial institutions, including banks, insurance companies and other regulated and unregulated providers of financial services.

Paul advises on governance, enterprise risk management, business and ownership structures, payments, resolution planning, market conduct, product development, permitted investments, capital, related-party transactions, licensing, distribution and all other regulatory issues.

He also advises on new entrusts, demutualizations, acquisitions, pension derisking transactions, divestitures, reorganizations and joint ventures involving financial service providers, and advises financial services providers on inter-company agreements, cross-border delivery of services, outsourcing agreements, referral arrangements, and regulatory investigations and proceedings.

Paul spent 18 months in 1991/92 seconded to the Financial Institutions Division of the federal government's Department of Finance, where he was engaged in the development and implementation of Canadian financial-sector policy.

SELECT EXPERIENCE
  • Global Payments Inc. in its acquisition of the merchant acquiring business and portfolio of 40,000 merchants of Desjardins Group

  • Republic Financial Holdings Limited in its acquisition of Scotiabank (British Virgin Islands) Limited from The Bank of Nova Scotia

  • Blue Cross Life Insurance Company of Canada on its assumption reinsurance of British Columbia Life and Casualty Company

  • MCAP Financial Corporation on its C$1.5-billion mortgage purchase from Home Trust Company

  • The Toronto-Dominion Bank on its acquisition of artificial intelligence firm Layer 6 Inc. and acquisition of institutional asset manager Greystone Managed Investments Inc.

  • Canadian Tire Corporation on its agreement with Scotiabank regarding a strategic partnership that will see Scotiabank acquire a 20 per cent equity interest in Canadian Tire's financial services business for C$500-million in cash
AWARDS & RECOGNITION

Paul is recognized as a leading lawyer in the following publications:

  • Chambers Canada: Canada’s Leading Lawyers for Business 2020 (Banking & Finance – Financial Services Regulation and Insurance: Transactional & Regulatory)

  • The Best Lawyers in Canada 2020 (Banking and Finance Law)

  • IFLR1000: The Guide to the World's Leading Financial and Corporate Law Firms - 2020 Edition (Financial Services Regulatory - Highly Regarded)

  • The Legal 500 Canada 2020 (Insurance and Banking & Finance)

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada 2019 (Banking & Financial Institutions)

  • Chambers Global: The World's Leading Lawyers for Business 2019 (Banking & Finance – Financial Services)

  • Who's Who Legal: Banking 2019 (Regulatory)

  • The Canadian Legal Lexpert Directory 2019 ("Most Frequently Recommended" in Banking & Financial Institutions and Financial Institutions Regulation - Ontario)

  • Acritas Stars 2019: Independently Rated Lawyer (Nominated as a stand-out lawyer by senior in-house counsel)

  • The 2017 Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada (Banking and Financial Institutions)

  • The 2017 Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada ("Most Frequently Recommended" in Banking & Financial Institutions)

  • Who's Who Legal: Insurance and Reinsurance 2015

  • Legal Media Group's Guide to the World's Leading Insurance and Reinsurance Lawyers 2014

  • Legal Media Group's Guide to the World's Leading Lawyers in Banking, Finance and Transactional Law 2014 (Banking)

In 2002, Paul was named one of Canada's "Top 40 Under 40" by Lexpert, a magazine for lawyers, in Lexpert's first such report.

PUBLICATIONS
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Blakes Bulletin on Financial Services Regulatory, December 17, 2019.
Blakes Bulletin on Government & Public Sector, April 5, 2019.
Blakes Bulletin on Financial Services Regulatory, March 22, 2019.
Blakes Bulletin on Financial Services Regulatory, February 1, 2019.
Blakes Bulletin on Financial Services Regulatory, January 15, 2019.
Blakes Bulletin on Financial Services Regulatory, September 27, 2018.
Blakes Bulletin on Financial Services Regulatory, April 27, 2018.
Blakes Bulletin on Financial Services Regulatory, January 29, 2018
Blakes Bulletin on Fintech, December 22, 2017.
Blakes Bulletin on Financial Services Regulatory, December 6, 2017.
Blakes Bulletin on Financial Services Regulatory, December 5, 2017.
Blakes Bulletin on Financial Services Regulatory, July 6, 2017.
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