Michael Chernos
Associate
Experience
Michael's focus is on:
Tax
- Mergers and acquisitions
- Resource taxation
- Reorganizations, restructurings and financings
- Employee remuneration and compensation
- Tax loss utilization transactions
- Partnerships and joint ventures
- Tax litigation and resolution of tax disputes
Securities and corporate law
- General corporate matters
- Mergers and acquisitions
- Corporate governance
Professional involvement
Professional associations
- Member, Law Society of Alberta
- Member, Canadian Bar Association
- Member, Calgary Bar Association
Representative work
Corporate Restructuring by way of Plan of Arrangement
Acquisition of Performance Energy Services Limited Partnership ("PESLP") by Performance Energy Services Inc. ("PESI") (both widely held, affiliated private companies) by way of statutory plan of arrangement under the Business Corporations Act (Alberta) involving PESI, PESLP, 2719535 Alberta Ltd. and the holders of Class A Units, Series 1 of PESLP, and related internal reorganization.
Buhler Industries Inc. private transaction
Counsel to Buhler Industries Inc., a Toronto Stock Exchange listed Canadian manufacturer of agricultural equipment, including Farm King and Versatile products, in a going private transaction that valued the company at CAD$182,500,000
Acquisition of Gear Energy
Counsel to Gear Energy Ltd. for its acquisition by Cenovus Energy Inc. pursuant to a plan of arrangement and in the spin-out of certain assets into Lotus Creek Exploration Inc. for a total deal value of $170 million
Canadian Virtual Gurus Inc. Series A $8.4 million financing
Advised Canadian Virtual Gurus Inc. on their Series A $8.4 million financing for their diversity-focused virtual assistant marketplace.
Publications
October 7, 2024
Department of Finance Announces Relief from Bare Trust Reporting for the 2024 Taxation Year
January 31, 2023
Incentives for CCUS in Alberta
October 27, 2022
Proposed amendments to mandatory disclosure rules
June 23, 2020
Environmental indemnity and the costs of regulatory compliance
June 23, 2020
The honour of the Crown and cumulative impacts on treaty rights
May 21, 2020
CSA provides additional temporary relief for issuers due to COVID-19
April 28, 2020
Federal and Provincial Government assistance for Canada’s oil and natural gas industry
April 17, 2020
Federal Government announces assistance for Canada's oil and natural gas industry
April 13, 2020
ISS issues policy guidance in response to impacts of the COVID-19 pandemic
September 19, 2019