Various media outlets interviewed David Austin on the Lax Kw'alaams rejection of a $1.1-billion cash and land offer to support Petronas' $11-billion LNG project in Prince Rupert. Should the project move forward against the First Nation's wishes, "it would be a very complex case. Would an LNG developer be patient while it was winding its way through the courts, or would it seek alternatives in another part of the world?" asks David. Learn more about this "$36-billion question." David also says "The devil is in the details, but risk is definitely being allocated to taxpayers," in an article by The Globe and Mail.
David Austin was interviewed on the potential rejection by the Lax Kw’alaam First Nation on the $1.15-billion offer for the proposed LNG terminal on Lelu Island. The article, or David’s quotes from it, appeared on CBC News, Global News, The Province and other news outlets across the country. David was also interviewed on the same subject by Keith Baldrey on the Global News Hour (May 13, 12:11).
Clark Wilson acted for Pure Multi-Family REIT LP (Pure) (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) in closing its public offering of 6,900,000 Class A units, inclusive of 900,000 Class A units issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of US$5.10 per Class A unit for total gross proceeds of US$35.2 million. James Speakman, Craig Rollins and Vikram Dhir led the Clark Wilson deal team. See Pure’s news release for more information.
Pat Williams was appointed as 1 of 18 inaugural members of the Civil Resolution Tribunal (CRT), Canada’s first online tribunal to resolve strata and small claims disputes in a more timely and affordable manner. When the CRT opens at the end of 2015, appointees will hear cases and reach binding, enforceable decisions. Congratulations to Pat on this significant and accomplished position.
“People tend to think stock options can make them rich. But not all plans are created equal, and some aren’t even that attractive,” says Bernard Pinsky, Q.C., who was featured in a recent Advisor article on employer/employee stock option plans. Check out the full article to learn more about vesting, taxation and other important factors.
Leigh Kjekstad interviewed David Austin on BC1's Unfiltered about the Lax Kw'alaam's $1B 40-year deal with Petronas and its proposed LNG facility in Prince Rupert. "There is no guarantee this facility will still be operating for 40 years, because of global warming and depletion of BC’s natural gas reserves. The deal is comparable to other agreements that the private sector has entered into for other types of natural resource development," explains David.
Bernard Pinsky, Q.C., was featured in a recent Advisor article about accredited investor rule amendments to purchasing exempt market securities. He was also featured in another Advisor article about the OSC proposing a new whistleblower program.
On Saturday in Coquitlam, Lauren Liang presented to the Condominium Home Owners Association of BC (CHOA) for their Spring 2015 strata education program. Lauren spoke on the fees and costs that strata corporations may collect and the collection tools available.
We acted for Brenhill Developments in today’s successful appeal of a January 27, 2015 BC Supreme Court decision that quashed a rezoning for a 36 storey mixed use tower and development permit issuance for a 13 storey social housing building in downtown Vancouver.
Construction of the social housing building was well under way at the time of the lower court decision. Brenhill obtained an order in February 2015 for the expediting of the appeal, which dealt with such issues as public hearing disclosure, and how the Court should respond to challenges commenced long after Approval in Principle is granted for the rezoning Development Permit Board approval for the permit.
David Austin was featured on CKNW AM 980's Energy Show (see April 19th at 7pm), a program that explores today’s changing energy landscape. Along with the President of Highnet Energy Inc., David Clark-Wilson (not affiliated with Clark Wilson LLP) and the Co-Founder of the Canadian Geothermal Energy Association, Alison Thompson, David discussed geothermal energy and energy performance improvement.