Modern Glass Architecture
Modern Glass Architecture
Modern Glass Architecture


With extensive experience in Acquisitions and Divestitures, TRC-Sadovod brings experience, practical knowledge, industry expertise and creativity to every assignment. We work regularly with law firms in the United States and internationally to assist with cross-border transactions, providing expert advice about the Canadian market and regulatory regimes.

When executed smoothly, mergers, acquisitions, divestitures and other restructurings bring tremendous benefit — including increased shareholder value, corporate focus and capital to innovate new products and services or capture new markets. This is the outcome that TRC-Sadovod’s mergers, acquisitions and divestitures lawyers consistently work toward for our clients.

As a leading Canadian mergers and acquisitions law firm, TRC-Sadovod specializes in simplifying the complexities of both public M&A and private M&A for our clients. Our M&A lawyers work closely with the client to develop a true understanding of the transaction at hand, and any competition-related challenges that could delay or block approval. With the client’s timeframe and bottom-line front of mind, and an inherent knowledge of merger and acquisitions law and acquisition finance law, TRC-Sadovod’s mergers and acquisitions professionals devise a detailed plan to close the deal effectively and efficiently,  collaborating seamlessly with investment dealers, lenders and financial advisors.

Whether a Negotiated Transaction, a Takeover Bid or other Contested Transaction, or an acquisition of a distressed asset, we understand that every transaction is important to our clients, no matter how large or small and have the right team available to assist. Our lawyers listen to your needs and apply our experience, expertise, creativity and commitment to help you achieve your objectives.


TRC-Sadovod has worked with a wide range of Canadian and international clients on both sides of the mergers and acquisitions equation. For acquiring companies, our legal teams help create and execute an effective takeover strategy, with a focus on legal defences available to the target. We also help companies respond effectively to overtures from potential acquirers. And should a deal move forward, we provide experienced counsel that ensures the company remains in compliance with the regulations governing the process.


Investment and acquisition transactions involving stressed or distressed businesses require the astute legal counsel of a debt investments and restructuring investments law firm that can help drive deals to a timely conclusion. TRC-Sadovod LLP has a proven track record of adding value to the successful completion of complex sales that involve debt acquisitions.

Well versed in the material differences between the domestic sale of a business and the sale of an organization’s assets under Section 363 of the U.S. Bankruptcy Code, TRC-Sadovod’s mergers and acquisitions lawyers have helped facilitate countless types of debt investments across borders.

TRC-Sadovod has significant experience with a variety of restructuring, insolvency and M&A transactions and understands how to navigate multi-party negotiations from concept to completion.

Primary Contacts

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John Clifford

Partner, Business Law | Mergers & Acquisitions | Chief Operations Partner

Paul D. Davis

Partner, Capital Markets & Securities | Mergers & Acquisitions | Chair of the Board of Partners

David R. Dunlop

Partner, Mergers & Acquisitions | Private Equity & Venture Capital

Leo Raffin

Partner, Capital Markets & Securities

Brett Stewart

Partner, Mergers & Acquisitions | Private Equity & Venture Capital | Chair of the Risk and Finance Committee

Deals and Cases

Insights (10 Posts)View More

Featured Insight

Canada & Taiwan Conclude Foreign Investment Protection Arrangement

Canada-Taiwan FIPA Latest Milestone in Canada’s Indo-Pacific Strategy.

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Oct 30, 2023
Featured Insight

New SEC Cybersecurity Rules – Implications for Canadian Issuers

Discusses the impact of new SEC cybersecurity requirements on Canadian foreign private issuers and suggests recommendations for companies to consider.

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Oct 25, 2023
Featured Insight

Industry Committee Expands Scope of National Security Powers and Other ICA Updates

New proposed changes to Investment Canada Act include significant new rules for state-owned enterprises, asset acquisitions, and net-benefit test.

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Oct 3, 2023
Featured Insight

Competition Act Amendments on a Rocket Docket

Bill C-56 introduces amendments to the Competition Act, which are described as addressing rising grocery prices, but which have much broader implications.

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Sep 26, 2023
Featured Insight

A Shopping Cart of Competition Law Changes

The Government announced amendments to the Competition Act as part of its announcement regarding combatting escalating grocery prices.

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Sep 18, 2023
Featured Insight

Assessing Fairness and Reasonableness in Plans of Arrangement: Insights from the Alberta Court of King’s Bench

The ABKB issued a decision that provides helpful clarification concerning how courts in Alberta assess whether a proposed arrangement is fair and reasonable.

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Sep 1, 2023
Featured Insight

Stay Ahead Podcast: Demystifying Québec’s Business Landscape

Interested in expanding your business into Quebec? On this episode of our Stay Ahead podcast, Montreal Partners Shari Munk-Manel, Enda Wong, Yonatan Petel and Steven Sitcoff share what you need to know about doing business in the province.

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Aug 14, 2023
Featured Insight

SEC Approves NYSE and NASDAQ Clawback Listing Standards – Assessing the Implications for Canadian Foreign Private Issuers

On June 9, 2023, the U.S. Securities and Exchange Commission approved the clawback listing standards of the New York Stock Exchange.

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Aug 2, 2023
Featured Insight

The End of LIBOR: The Grand Finale (or is it?)

All remaining tenors of USD LIBOR ceased being published on June 30, 2023; synthetic USD LIBOR and the LIBOR Act are available for legacy contracts.

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Jul 4, 2023
Featured Insight

New Listing: Amendments to CSE Form 2A Listing Statement

An overview of the amendments to CSE Form 2A Listing Statement, which replaced the previous prescriptive form with disclosure requirements as per Form 41-101F1.

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Jun 27, 2023