Steve Malas practises in the area of corporate finance and securities, mergers and acquisitions, privatizations, and corporate governance. He has extensive experience in M&A transactions, including distressed M&A and restructuring transactions, acting for both buyers and sellers in public and private transactions and advising boards of directors and special committees in such matters, with a particular focus on the mining sector. He also acts in Canadian and Canada/US cross-border offerings and private placements on behalf of issuers and underwriters. Malas frequently advises on directors’ and officers’ liability, governance issues, continuous disclosure obligations, and matters relating to shareholder relations and engagement, and has worked on complex project financing and joint venture transactions for the development of mining projects in Canada and abroad.
On September 1, 2015, Enbridge Inc. announced the closing of the transfer of its Canadian Liquids Pipelines business, comprised primarily of Enbridge Pipelines Inc. and Enbridge Pipelines Athabasca Inc., and certain Canadian renewable energy assets (the Transaction) to an indirect subsidiary of Enbridge Income Fund (the Fund) for $30.4 billion together with certain Incentive/Performance Rights. A joint special committee (the Special Committee) of the Board of Directors of Enbridge Income Fund Holdings Inc. (EIFH) and the Board of Trustees of Enbridge Commercial Trust (ECT) was formed to review and consider the Transaction, conduct due diligence and negotiate the terms of the Transaction on behalf of EIFH, the Fund and ECT.
