Representative Matters

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Representative Matter

Super Group Merges with Sports Entertainment Acquisition Corp. and Lists on NYSE

Super Group, the parent of Betway, a global technology company delivering the world’s leading, regulated, online betting and gaming brands, has entered a definitive agreement to merge with Sports Entertainment Acquisition Corp. (SEAC), a publicly traded special purpose acquisition company.

June 24, 2021

Representative Matter

Aird & Berlis Advises in $115 Million Sale

Aird & Berlis advised Northam Realty Advisors Limited on its $115 million sale of twin office buildings located in the Greater Toronto Area.

June 21, 2021

Representative Matter

Court of Appeal Upholds Facebook, Inc.’s Forum Selection Clause

Aird & Berlis successfully represented Facebook, Inc. (“Facebook”) as respondent in Loan Away Inc. v. Facebook Canada Ltd., 2021 ONCA 432, upholding the application of a forum selection clause among commercial parties.

June 18, 2021

Representative Matter

Fengate Asset Management Completes Purchase of 20-Acres of Land

Fengate Asset Management completed its purchase of a 20-acre parcel of land at Highway 50 in the Greater Toronto Area. A two-phased development of two 225,000-square-foot buildings is proposed to be constructed on the lands.

June 15, 2021

Representative Matter

Spectra7 Microsystems Closes Private Placement

Spectra7 Microsystems Inc., a leading provider of high-performance analog semiconductor products for broadband connectivity markets, completed a brokered private placement led by Cormark Securities Inc. and a non-brokered private placement, collectively consisting of 211,157,035 units.

June 11, 2021

Representative Matter

City of Ottawa Does Not Owe Developer Duty of Care over Contents of Easement

This is an update to our July 25, 2019 bulletin summarizing Justice Sally Gomery’s decision in Charlesfort Developments Ltd. v. Ottawa (City of), 2019 ONSC 4460. In that decision, Justice Gomery determined that the City of Ottawa was negligent in failing to advertise to Charlesfort the potential risks associated with a high pressure water main in a municipal easement running alongside the property it proposed to develop.

June 11, 2021

Representative Matter

Aird & Berlis Advises in Formation of M Residential REIT

Aird & Berlis advised Melchior Management 777 Corporation in the formation and initial acquisitions of M Residential REIT, a new private residential real estate investment trust consisting of residential tenants located throughout southern Ontario.

May 28, 2021

Representative Matter

goeasy Ltd. Acquires LendCare for $320 Million

On April 30, 2021, goeasy Ltd. (TSX: GSY), a full-service provider of goods and alternative financial services, completed its acquisition of LendCare Holdings Inc., a Canadian point-of-sale consumer finance and technology company, from LendCare’s founders and CIVC Partners for $320 million

May 04, 2021

Representative Matter

Court of Appeal Rules on Scope of Insurance Coverage for Cyber Matters

This is an update to our May 15, 2020 bulletin summarizing Justice Pollak’s decision in Laridae v. Co-operators, 2020 ONSC 2198. In that decision, she ruled that the insurer, Co-operators, had a duty to defend Family and Children’s Services of Lanark, Leeds and Grenville (“FCS”) and Laridae Communications Inc. against two claims. Co-operators argued that it had no duty to defend based on data exclusion clauses under the respective insurance policies, which excluded claims arising from the distribution or display of data by means of an internet website.

March 15, 2021