Keeping Alumni and Other Friends Connected Summer 2008

the osler link

2 Litigator Appointed Vice-Chair of the OSC 3 Osler Alumni at the OSC 4 Postcard From Dubai 6 Osler Sponsors Olympic Speed Skater Clara Hughes 7 Montréal and Toronto Offices Hold Alumni Gatherings 8 Ebb and Flow Read alumnus Abhi Jalan’s postcard from Dubai, page 4

Greetings This issue of The Osler Link is peppered with a number of “firsts.” Former Osler partner, Larry Ritchie, is the first litigator to be appointed as a Vice-Chair of the Securities Commission directly from practice. Drawing on his Osler background and work in the enforcement branch while seconded to the OSC in 1993, he brings a unique perspective to what has traditionally been a corporate finance position. Read about what has surprised and sustained Larry during the first year of his five-year term.

Our Montréal and Toronto offices have each Clara Hughes, the only Canadian to win medals at celebrated alumni “firsts.” The Montréal office held both the Summer and Winter , will its inaugural alumni event in November of last year be defending her medals at the 2010 and the Toronto office held its first “Year of Call” Games and Osler will be along for the dinner this past February. (More to come.) ride. The spirited and highly disciplined athlete vis- ited Osler’s Montréal and Toronto offices this spring Abhimanyu (Abhi) Jalan has always known that to share her experiences and sign autographs. We he would end up in business. A former associate spoke with this accomplished Canadian Olympian in Osler’s Corporate Practice Group, Abhi is now a about Osler’s sponsorship and her training regimen. partner at Clyde & Co. Focussing on cross-border mergers and acquisitions, he has practised law in This is the first issue of The Osler Link that is avail- , England and India, and has been based able in electronic format on osler.com. We welcome in Dubai for the past four years. Find out how Abhi your feedback and suggestions and would be happy has overcome the business and cultural challenges to share news of your “firsts” with your fellow of these diverse markets. alumni. Drop us a line at: [email protected]. terry burgoyne Chair, Osler Alumni Committee

Osler, Hoskin & Harcourt llp Larry Ritchie page 2 summer 2008 “ “ a more traditional law background. look at things from adifferent angle from Vice-Chairs with have provided aunique and helpful perspective. Itend to My background alitigator as and my experiences at Osler Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin his appointment.his ofBureau Competitiontion at Policy,the prior to judgecourt before and, that, Director of Investiga federal a been had from1999 to 2003, Vice-Chair Howard Wetston, OSC background. an who was Jim Turner, Co-Vice-Chair, corporate a had finance Larry’s from position)practice. directly finance corporate a been largely (which has ofVice-Chair positionlitigatorthe first assume the to is Larry job,” points out. is afull-time Larry areas of “Each those operations OSC. of the the of DirectorsCommission/Board which oversees member of 13-person a and policy-maker a being with adjudicative his function balancing comes from challenge day-to-day Another interest, number which isthe one priority.” public the decision, a in factoring make issueand of an decision-maker,aspects have I to weigh all matters,” litigating “Ashesays. ratherthan a “Now, exercise. adjudicating is part, myrole, in challenging and humbling a matters as securities enforcement hear other that and tribunals onrole adjudicative sitting current his Hedescribes panies and their officers, boards. and directors on enforcement-related matters for public com litigator– advocating and given perspective – a a working as experience than 20years’ more for afive-yearFebruaryhas 2007 Larry term, of the Ontario Securities Commission in late partner,Ritchie.Vice-Chair a Appointed as Larry to advocate,” Osler former perspective observes it’sSometimes you’re when easier given a Litigator Appointed Vice-Chair of the OSC

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” larry ritchie larry dynamic between various branches,” Larry points branches,” various Larry between dynamic the sense of got a “I that entails. that difficulty the of enforcement area the or in whether policy, and ground, on the what’s basis done onday-to-day a – point of view feelgot forstaff a the Larry Branch, investigatorEnforcement litigator the and in 1993 secondmentOSC in an to the his as During alitigator.”as myexperiences by much informed very been has shareholders.My ‘riskpoint management’ of view of on behalf arise they as issues extraordinary interestand of other conflicts with effectively management and promptly boards deal that and of crises.” Hetimes “Itadds, in crucial sponse is encouragesthat facilitates and appropriate an re one as part, in at least corporate governance, good see and perspective management risk issuefroma oflens litigator. a the or approach see I “Often, an corporate through practices good and governance corporate good sees also Notsurprisingly, Larry adjudicating making.” policy and absolutelyof been terms in invaluable has tive, enforcement seen from regime, adefence perspec law securities the with My experience Commission. joined I the since point of view policy froma market-related continueate and that issues to arise involved be and anumber of with relevant corpor got toI see that area,” henotes, “is regulatory securities litigator a the been in abouthaving things background,”law great “Oneofhesays. the more a traditional with entfromVice-Chairs angle differ froma tend I to lookat things perspective. helpful at Osler and have providedunique a litigator a myexperiences as and “Mybackground

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Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin Osler TaxBranch (2002-2005, Associate) robert gates Osler Corporate Associate)Branch (2004-2008, cordeiro julie Associate) (1992-1997, Branch Finance Osler Corporate michael bennett time of departureprovided are in parentheses.) Osler’sToronto office practice and of area at and branch/office, follows. (Datesworked in including position roll-call, current briefand A either employed by, or seconded to, the OSC. havewe being tradition a had lawyers of Osler years, the Over work. to toour usand important working relationship Our OSCwith isthe Osler Alumniat the OSC therefore,and, activities,” our he adds. development impact on had markets an has the matter. CloserABCP to U.S. home, sub-prime the the surrounding uncertainty market the course, investor of number protectionretail of and, issues “We’vesays. involved a been in efforts,”also Larry ongoingenforcement complianceour and through investors proactively protecting in efforts our enforcementinvolved is been in how to bolster and we’veyear. “Clearly, that issues all one main of the busy extremely an had has Larry arrival, Sincehis running.” province of this economicengines to the keep necessary are that capital ofraising or means not toareas chokeas legitimate so off tive we do; but, we at time, needto same sensi the be - investors, absolutely retail is everything in essential The protection Ontario. of investors, particularly in efficient markets capital and offostering fair the protection fraud and the of investors are against “They on us,” mandates expressed heexplains. two sion’sAct mandate. “The dual Securities Commis appropriately the and stantly balancing con in is for Ultimately,him challenge real the four executive members.” team one of as curve learning steep a is still and was what meeting out.“Allhelpedin me has of that , Legal Counsel, Investment Funds Investment Funds Counsel, Legal , , Legal Counsel, Corporate Finance Finance Corporate Counsel, Legal , , Senior Legal Counsel, Corporate Counsel, Senior , Legal imposes imposes

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Associate/Partner) Associate/Partner) Osler Tax (2000-2004, Office Counsel’s General simon thompson Osler CorporateBranch (2005-2006, Associate) tjon stephanie OslerBranch (1999-2000, Corporate Associate) topp elizabeth GroupBusiness Associate) Osler Technology (2000-2005, Branch Finance david surat (1986-1991, Osler Corporate Associate) paulmargo Associate) Osler Corporate (2002-2004, Branch Funds huang pei-ching table.” to the perspectives broughtat Osler always and insights with valuable worked I associates The students and opportunities. mentoring and more togive people junior training it is how important Werecognize perspectives. all diverse fromtheir learning involvedmatters and in them enjoyed I Student ofgetting the Committee. at Chair Oslerassociates students and as the with working miss,”do I “is headds, things “Oneof the enthuses. basis,” day Larry onday-to- a there friends mymany seeing and with at Osler, enjoyed collegiality working the really “I colleagues. not forgotten and Osler friends his easy,”and “terrific OSC executive of butthe has he members three the other with working finds Larry country. across the regulators 12 securities other of the those OSC with of the initiatives harmonize to howby muchmade to try is effort taken also day. every He’s with hedeals that issues ofthe complexity and breadth, diversity the is rolefar so new his in him What pleasantly surprised has , Senior Legal Counsel, Corporate Counsel, Senior , Legal , Director, , Branch Finance Corporate , Legal Counsel, Corporate Finance Finance Corporate Counsel, Legal , , Legal Counsel, Corporate Finance Finance Corporate Counsel, Legal , , Legal Counsel, Investment Counsel, , Legal , Senior Legal Counsel, Counsel, , Senior Legal

page 3 summer 2008 Abhimanyu Jalan

page 4 summer 2008 “ great training.” excellent work environment, with very good people and We did alot of interesting work [at Osler]. It was an Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin owned by families. families. by owned market,were given most that law firms Indian Indian footholdto the a establish in challenging zonefound it Abhi particularly differences, time due to midnight after well working frequently mymarketability,” affected Asidefrom adds. Abhi world, ofrest the hidden fromthe which “Ibecame Martindale-Hubbell. like major in directories listed even be nor they could time, at that India in wereto advertise not allowed also Lawyers affiliate.” an there was office our so,technically, India in an office allowed establish to are not firms law to come back to India,” “Foreign explains. Abhi West worked who’d the in lawyers were willing “Very few firm’s Delhi. in American practice developing with the tasked was Abhi India, in towho investwanted companies with working London in and based Jones1996. Initially Day in internationally, management joined Abhi senior morecorporateworking closely with and businessskills his on sharpening Keen people training.” great and good excellentwork very environment, with “Welot a did of work. interesting It an was Valentini,” George and Hansell recalls. Abhi mentors“My primary were Shelley Obal,Carol Group. Practice Corporate the in associate 1993 atin Oslerback an before as hired being student articling and summer a both was Abhi Ontario, in law to practice qualified Having at DelhiUniversity.obtaining his LL.B. afteratUniversity in Law the of Ottawa Masters of the country, and to came Canada to do his inRanchi, part India, small a eastern cityin the businessin interested the of law. up grew He Osler’sToronto always has been keenly office, Abhimanyu(Abhi) Jalan, associate former ina Postcard From Dubai abhimanyu jalan

based in India. “Since I was brought “Since was I India,” up India. in in based when hewas lawyer Indian an as pigeon-holed him people many found that Abhi Canada, in practising when hewas skills Indian his using missed thoughCo. hadEven Clyde he & firm, British the of office Dubai the joined Abhi 2004, in offices Bombay When Jones and Day consolidated itsDelhi businesslawyer.” how to companies, become learning 500 agood of management Fortune the with interacting and businessissues with dealing exposure lot a had ofI environment. specialized highly a it was and edge work “The cutting says. Abhi was hard,”foray“I first intoworked extremely India. Toyota’s mergersacquisitions, including and and on cross-border transactions companies European and of American diversemix a workedwith Abhi firm, the tenure with seven-year his During Bombay office of of the lawyers. 10 putcharge in at Jones was Day and partners of over youngest 500 one of the became Abhi years, three Within law.enjoyed I ofpracticemuch so law more.” the businessof about the learned and delegationskills client interaction.developed I limited my with rolestransactions in to certain limited usually quickly. are very Associates “It speed ups your of work level,”kind atacross that that heremarks. come bid. “Iwouldn’t takeover hostile otherwise a in defence ofsuccessful Alcan involvedthe in at associate Jones an Day, still was Abhi While training. Canadian tohis success this attributesachievements.” Abhi part, In werewhich fantastic firms, top two the within we werewere there and 12 ranked of years, us two within “but,there,” says, Abhi when started office I the in quickly. lawyers one of “Iwas grew two obstacles, DespiteJones these office Day’s Delhi

Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin client.”that Wenow havedeep, a profitable with relationship not achievable. was 15-day whysawframe the time tive,”“As Abhi. says workclient the progressed, to workand achieve themto objec that try with control our within doeverything we’d “wethat said either, frame time that couldn’tdeliver within move pointedonand to someone who really else say client no, the which in case would disap be completed 15 in transaction than the Rather days. ForonUS$350M a example, client wanted the deal, time.” and day done tocertain be a by for deals calling expectations, delivery unrealistic “And,says. length,” Abhi of the necessity have they the to explain you need so long documents, like Western differentfromthe approach.don’t “They approach very Arab to businessis the that is U.A.E. the in learned has Abhi lessons that of One the thencomeand later.” back to U.A.E. the for there some time settle to Canada, immigrate U.A.E. of people fromthe Lots diverse. culturally tolerant, being perceivedand is as accepting “Canada says. Canada,” Abhi and Emirates Arab United the interaction between increasing “Thereis region. the in broad, exposure international togain looking Canadians and Americans ofAustralians, Now,lots with 70%comprises expatriates, of Dubai explains. Abhi were India,” educated Arabs in region, many the in before discovered was oil Also, Bombayto Dubai. or fromDelhi flight or three-hour two- Ita only is regions. two of the closeproximity the given India, from forshock tome notgo Dubai big a culture “It was East. Middle into the diversify and India platform to best serve fromwhich the to be Dubai considers and globally ofCo practice & Clyde India ofhead the nowwho the Abhi, is doesn’tsurprise This years. four past the in lawyers to 120 30 from expanded has office Its Dubai region. the in firm international largest now the is Co & Clyde transactions.” other involved be could in I that too, so Canada, in qualified opposed lawyer,to being as Indian “peoplesays, an Abhi thoughtas of only me

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love to you!” see here,” be when you’ll know “Iwouldheenthuses. me “Let faces. more hopesto see familiar Abhi Dubai. clientsin were when visiting both Guindi, Turner Shahir Frank into and Osler ran partners, He region. the in alumni and partners associates, Osler current up enjoyswith Abhi meeting henotes. “Youforto wait need her to offerfirst,” her hand to businesswoman’soffer a to shake insult hand. itconsidered pointsout is that an clock.”also Abhi you’re so whoaren’t fasting, the around working hours regular clientswith as well clientsas those You fast. the break they have to serve after to2am, day, to work in all coming from8pm fast Muslims Ramadan, During periods. of certain nuances Saturday,” and “Also,hesays. the understand weekend Friday our is For customs. instance, local regionto work, offers “Research Abhi some advice. over of to coming the thinking Forwho are those We apologize for error. this have accompanied appears below. those names Shelley appear. Obal The photo should that Jack names the Ground, John MacDonald and elsewhere event our in coverage; time, this The restaurant. Gardiner The photo same appears event at Jamie Kennedyat on October 2007 2, properly identified coveragein our alumni of our of Jim Ware, John and Roland Peter was Franklyn issue of Osler The Link 2007 Fall the In photo correction , aphoto

page 5 summer 2008 Clara Hughes page 6 summer 2008 Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin “ Clara’s passionate address and charmed by herClara’sby passionate charmed addressand by inspired was for visit each gathering Thelarge firm’s the and year Torontothis in April. office Osler’s visited of March Clara in office Montréal activity. physical of merits the discover and sport through learn to forCanada in youth providesopportunities that organization’sprogram School Canadian new the with working is Clara 2003, December since Ambassador Athlete An donatecould. what they to either match her donation individuals or and business Canadian personally, $10,000 challenging Torino At the donated Olympics, children. Clara world’s of lives the the to better most impoverished play and sport uses that organization manitarian awareness of Right To Play, international an hu for and funds involved raising actively is in Clara met –athletes included!” most intensepeople have I ever the are “Lawyers relentless a drive,” she workand continues. ethic such peopleby with inspired motivated be and to incredible opportunity “For itan me, is Clara. field the law,” of in to those similar observes strikingly are day have each and learn I periences highly.Osler so ex- lessons that values “The and the commitmentfies and leadership attributes A member of Order the exempli of Clara Canada, - medalsatVancouver the 2010 Winter Games. challengeskating willdefending be speed her (and respectively.next final) OlympicHer WinterskatingGames,in cycling speed and ever)to Summerwin medals and at the both and is the only Canadian (and athlete fourth Winter Games skating speed at2006 the athletes.goldsilver won Clara and medalsin of Canada’s one accomplished most Olympic Hughes, of Clara sponsor a become has Osler Skater Clara Hughes OslerSponsors Olympic Speed community report investment to feel like they are along for the ride with me.” Games is going to be intense. Ireally want people at Osler weAs move closer towards 2010, the excitement for the

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the journey with her,” with journey the hesays. to sharing “We’re forward mutual. looking really is thefeeling that Montréal’sconfirms office, of Osler’s Partner Ward Sellers, Managing Vancouver.” in short of excellenceOlympic my in fifth Games for nothing strive I together as years two next to the Oslerlook forward and with connected be to thrilled am I a business feeling. than firm the one. “It’s with feeling morefamilial of family a her views Clara relationship Osler with a as web page have they set up for me.” the and write I journals at everyone the Osler via with path together.able the in to share am we I are Osler, relationship“With that real ita is challenge. Olympicshe preparesfor as her final ahead months overthe firm the away ofas with connecting Clara’s – – Corner diary online an maintains Clara at home.” snowing and preparation when forit’s raining quality allow still that spring the in camps training extensive fund self- pick. hand who Ialso Ican individuals with supplement and weak potentially them are that more areas be efficient. I look at can mytraining improvedhow be and how it can see and mylife of area tiny every “Ianalyze lifestyle,”she explains. and of training my Federation for terms in allows beyond what toabovemeand go allows support “Financial sponsorshipenables her to undertake. that tuning” appreciates The “fine Olympian the athlete. autograph accomplished toreceive fromthe an of on stayed humour. sense Many infectious clara hughes clara

Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin together,” added. he evening an up to share meeting old “Itfriends like seemed involvedare in.” people that of opportunities range wide the with impressed and by surprised “Icontinue both to be event. alumni the the host and of office Montréal of Osler’s Partner Ward observed Sellers, Managing who have Oslerleft those have gone on to do,” that things exciting of the to catchup which on all event wonderful a at and evening “Itgreat a was 357CClub Old in Montréal. at acquaintances new making and reconnecting who enjoyed of alumni gathering intimate an onThursday, The event November 2007. was 22, eventOsler’s alumni first office held Montréal its event alumni holds first osler montréal Gatherings Alumni Montréaland Toronto Offices Hold

out next time to make it an even larger gathering.” even larger it an to make time outnext word to getthe harder work “We’ll added. little a lot a of fun,”and reunion Desmond “Itgreat a was long a time.” in lot A hadn’t feel. otherof us each seen nostalgic event gave the more “This of dinner. a alumni host of the Group the and Finance Corporate Osler’s of Co-Chair DesmondLee, specific,” said of year call- was that dinner done alumni aformal time we’ve first the was it “Believe or not, this onewith dinner. anotherand over cocktails 1999 1998got reacquainted and in Bar to the called who were Osler alumni restaurant. at Oro 2008 on Wednesday, dinner 27, “YearFebruary of Call” Osler’s Toronto alumni inaugural office held its call” of “year dinner first holds toronto osler

page 7 summer 2008 Ruth Woods John Layton Marc Kushner Herr Andrew Jack Coop Alexandra Brown page 8 summer 2008 Jack Coop Jack interpretation. statutory of income and calculation avoidance, the tax as issues such involving cases of number significant of Justicewhere she workedDepartment on a the with litigation experience of tax years over20 exclusively matters. She on taxation has focusing Brown Litigation our in Alexandra partner Department. a as joined us Jack has and Coop TaxDepartment our in partner a as joined us has Brown Alexandra partnersnew join osler’s toronto office Ebb and Flow Osler, Hoskin & Harcourt llp Osler, &Harcourt Hoskin of thefirm. the viewsandopinions necessarily represent expressed donot Comments andopinions Hoskin &Harcourtllp. twice ayear by Osler, OslerLink ispublished OslerLink Summer 2008 requirements. reporting compliance and S.E.C. and corporategovernance corporate clientson and private equity advised also hehas representations.years, several past For the transactional other mergersacquisitions, and and on private equity, cross-border U.S. and primarily Kushner Marc transactions. debt financing tions borrowers and domestic in international and institu financial represents Andrew derivatives. and securitizations placements,finance, structured facilities, private unsecured and secured syndicated including transactions, experience financing in Herr Group.Practice Andrew Corporate our in partner a joined Kushneras has us Group Practice Marc and Services Financial our in partner a joined Herr as has us Andrew to osler’snew york new office Supreme of Canada. Court the and of Appeal Court Ontario the including Canada, in levels of applicationscourt at all review judicial and actions, class environmental lawsuits, hedefended Attorney General, civil the of Ministry Ontario the of Office Law Crown the with counsel former senior litigation.Crown As specializes in trial and appellate advocacy, and trial in specializes ’s on environmental focuses practice ’s corporate focuses practice osler.com [email protected] q30 designinc. Design: has abroad has of range

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