This book offers a succinct and insightful discussion of the principal laws governing mergers and acquisitions transactions conducted in Canada. It draws on a collection of loosely related legal principles and rules in corporate law and securities law, as well as a handful of other areas relevant to Canadian business acquisitions. Professor Nicholls, one of Canada’s leading scholars in corporate and securities law, provides a clear guide to this complex pastiche of legislation, regulation, administrative and judicial decision-making, and standard practices that have developed over time from both domestic and international precedents. This third edition discusses the implications of a host of recent legal and regulatory developments since the publication of the second edition, including, in particular, the groundbreaking changes introduced by National Instrument 62-104 in 2016. A number of recent significant judicial and regulatory decisions are also analyzed, including, among others, Tervita Corp v Canada (Commissioner of Competition), InterOil Corporation v Mulacek, Aurora Cannabis Inc (Re), Re Hecla Mining Co, and Central GoldTrust v Sprott Asset Management.

Christopher C Nicholls holds the W Geoff Beattie Chair in Corporate Law at the Faculty of Law of Western University, where he was named a faculty scholar in 2013. He is a graduate of the University of Ottawa, Osgoode Hall Law School, and Harvard University. 

Professor Nicholls has been a Fulbright scholar and visiting professor of law at Harvard Law School, a Herbert Smith visitor at the University of Cambridge, a visiting scholar at Melbourne Law School, a visiting research scholar at the University of Tokyo, and the Falconbridge professor of commercial law at Osgoode Hall Law School. He has also been a visiting professor at the law faculties of the University of Toronto and Queen’s University.  

Before coming to Western University in 2006, Professor Nicholls was a member of the Dalhousie University Faculty of Law (now the Schulich School of Law at Dalhousie University) where he was the inaugural holder of the Purdy Crawford Chair in business law. Prior to beginning his career as an academic, he practiced corporate and securities law in Toronto and in Hamilton, Bermuda. 

He is currently the chair of the board of directors of the Mutual Fund Dealers Association of Canada and a member of the editorial advisory board for the Canadian Business Law Journal. He has previously served as a member (commissioner) of the Nova Scotia Securities Commission; as associate editor and corporate finance specialist editor of the Canadian Business Law Journal; as a member of the editorial board of the Canadian Journal of Law and Technology; as a research fellow with the Filene Research Institute in Madison, Wisconsin; as head of research and policy, Capital Markets Institute, Rotman School of Management, University of Toronto; and in 2015 as a member of the Business Law Agenda Expert Panel appointed by the Government of Ontario’s Ministry of Government and Consumer Services to provide recommendations for reform of Ontario’s corporate and commercial legislation. He has acted as an expert consultant to private law firms and government and regulatory agencies and has lectured to academic and professional audiences in Canada, the United States, the United Kingdom, Australia, South America, and Japan. He is the author of numerous articles on topics related to corporate law, securities regulation, corporate governance and finance, and the regulation of financial institutions. Professor Nicholls is the author or co-author of five other books, including Securities Law, 2d ed (Irwin Law, 2018).

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