Monica Cheng, Calgary

About Monica

Monica practises in all areas of income tax law with a focus on corporate tax planning. She routinely advises on corporate reorganizations, mergers and acquisitions and financings involving private and public corporations and private equity funds. Her practice includes both domestic and international tax matters in the oil and gas, renewable energy, technology, infrastructure, and retail sectors. Monica also advises clients in connection with tax controversy matters.

Monica is a sessional instructor of corporate tax at Thompson Rivers University Faculty of Law. She has also guest lectured at the University of Calgary, University of Ottawa, and McGill University.

Monica clerked for the judges of the Tax Court of Canada. Prior to joining Blakes, she was an associate at a leading tax boutique in Canada.

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Recent matters in which Monica has been involved include advising:

Pembina Pipeline Corporation on its acquisition of Enbridge Inc.’s joint-venture interests in Alliance Pipeline, Aux Sable and NRGreen for C$3.1-billion and its concurrent C$1.1-billion bought deal offering of subscription receipts
Suncor Energy on its C$1.468-billion acquisition of TotalEnergies EP Canada Ltd. from TotalEnergies Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project
Suncor Energy Inc. on its C$688-million acquisition of an additional 14.65% working interest in the Fort Hills Project from Teck Resources Limited
Imperial Oil Resources Limited and ExxonMobil Canada Ltd. on the disposition of their interest in XTO Energy Canada to Whitecap Resources for C$1.9-billion
Pembina Pipeline Corporation on its $11.4-billion joint venture with KKR & Co. to merge their western Canadian natural gas processing assets
Great-West Lifeco Inc. in connection with its public offerings of C$1.5-billion principal amount of 3.60% limited recourse capital notes
Pembina Pipeline Corporation in connection with its public offering of C$600-million aggregate principal amount of hybrid notes, the first non-chartered bank hybrid debt issuance in Canada involving the use of a special purpose trust structure
Jupiter Resources Ltd. in its approximately C$630-million sale to Tourmaline Oil Corp.
ENMAX Corporation on its US$1.3-billion acquisition of Emera Inc.'s interest in Emera Maine
Nutrien Ltd. and its subsidiaries on numerous merger and acquisition transactions related to its retail agriculture and fertilizer production and distribution businesses
Suncor Energy Inc. on its investment in Enerkem Inc., a Canadian biofuel technology company
Cona Resources Ltd. and Waterous Energy Fund on their agreement to acquire Pengrowth Energy Corporation for approximately C$740-million
WestJet in connection with its C$5.0-billion acquisition by Onex Corporation
Canadian counsel to Heartland Generation Ltd., an affiliate of Energy Capital Partners, on its C$835-million acquisition of Canadian Utilities Ltd.'s natural gas and coal electricity generation interests in Alberta, British Columbia and Ontario
Kinder Morgan Canada on its C$4.5-billion sale of the Trans Mountain Pipeline system and expansion project to the Government of Canada
Sale by Ontario Teachers Ltd.'s Pension Plan of equity interest in GCT Global Container Terminals Inc. to IFM Investors (an Australian investment management company) and British Columbia Investment Management Corporation
International Petroleum Corporation in connection with its acquisition of BlackPearl Resources Inc. for approximately C$675-million
Pembina Pipeline Corporation on its US$9.7-billion acquisition of Veresen Inc.