BC Ferries Restructures

In connection with BC Ferries Corporation’s restructuring, B.C. Ferry Authority acquired the common shares of British Columbia Ferry Services Inc., which owns ferry and related assets valued at $503 million. The deal closed on April 2, 2003. British Columbia Ferry Services was represented by Alex Petrenko of Clark, Wilson, and by Janette Pantry (tax) of Borden Ladner Gervais LLP. Herb Dodd of Farris, Vaughan, Wills & Murphy represented the province of B.C.