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Douglas New Toronto Lawyer

Douglas C. New

Partner Fasken
While Canada continues to welcome foreign investment, it remains important, during the transaction planning process, to give early focus on what Canadian regulatory clearances might be required in order to avoid unnecessary delays or transaction complications.
Jurisdiction Ontario, 1976
Language(s) English
Office(s) Toronto
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Overview

Former Chair of the firm’s Competition, Marketing & Foreign Investment group, Douglas New carries on an active regulatory law practice which includes providing advice to domestic and foreign clients on matters of national security and pre-merger regulatory clearances under legislation such as the Competition Act, Bank Act, Insurance Companies Act, Investment Canada Act and Canada Transportation Act.

Douglas previously served with Canada’s Foreign Investment Review Agency (now the Investment Review Division of the Ministry of Innovation, Science and Economic Development Canada) as a Special Advisor (Legal) to the Deputy Commissioner. His national security experience is a direct result of providing advice and counsel to numerous foreign investors making direct investments in Canada, both in connection with acquisitions of existing Canadian businesses and the establishment of new businesses in Canada.

Regularly commenting on Canada’s national security, competition, and foreign investment laws, Douglas has contributed articles to publications including Business Lawyer (ABA), CA Magazine and International Financial Law Review, has served as a contributing editor to the Matthew Bender & Co publication Doing Business In Canada and as editor-in-chief for Review of International Business Law, and was a contributing author to Foreign Investment Review Law in Canada. Douglas most recently sat on the editorial board of the Competition Chronicle.

Douglas obtained his Juris Doctorate at Western University, following which he was called to the degree of Barrister-at-Law by the Law Society of Upper Canada and enrolled as a Solicitor of the Supreme Court of Ontario.

Douglas has served on numerous Firm committees including as Chair of the Business Development Committee and as Co-Chair of the Diversity and Inclusion Committee.  In recognition of his efforts to promote diversity in the legal profession in Canada, he received the Traditional Law Practice Award from the Canadian Association of Black Lawyers in 2013.

Named a leading Canadian lawyer in the area of foreign investment law by Chambers Global, Douglas is also an Adjunct Professor at Ryerson University lecturing on the subject of business law at the Ted Rogers School of Business Management.

Client Work

  • PolyOne Corporation completes sale of Performance Products and Solutions Business to SK Capital Partners, [Deal - PolyOne Corporation], On October 28, 2019, PolyOne Corporation, a global provider of plastics and polymer materials, solutions and services, announced the sale of its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million in cash.  A leading provider focused on sustainability, PolyO...
  • China's Zijin Mining to buy Canada's Nevsun for approximately C$1.86 billion, [Deal - Zijin Mining Group], On September 4, 2018, Zijin Mining Group Co. (SSE: 601899; SEHK: 2899) (“Zijin”) a Chinese company which specializes in gold, copper, zinc and other mineral resource exploration and development, announced that it had made a friendly offer to buy Vancouver-based, Nevsun Resources Ltd. (NYSE: NSU; ...
  • Sale of Prével Retraite’s portfolio of retirement residences, [Deal - Groupe Prével], Fasken advised the vendors, Groupe Prével and the Fonds immobilier de Solidarité FTQ, in the sale of Prével Retraite’s portfolio of Retirement Residences, comprising the Cherbourg I and II in Brossard and and Le Graham in the Town of Mount Royal, to Réseau Sélection.   The team that advised Gro...
  • C.H. Robinson Worldwide acquires Milgram & Company for C$62 million, [Deal - C.H. Robinson Worldwide Inc.], C.H. Robinson Worldwide Inc. purchased Milgram & Company Ltd. for approximatively $62 million in cash. C.H. Robinson will integrate Milgram into its Global Forwarding division and single global technology platform, Navisphere®.
  • Gold Fields completes strategic sale of royalty portfolio to Maverix Metals, [Deal - Gold Fields Limited], On December 23, 2016 Gold Fields Netherlands Services B.V. (a wholly owned subsidiary of Gold Fields Limited) and certain of its affiliates completed a strategic sale of a portfolio of 11 mineral property royalties to Maverix Metals Inc. As consideration for the royalties, Maverix issued a total ...
  • Intact Financial acquires Canadian Direct Insurance, [Deal - Intact Financial Corporation], Intact Financial Corporation announced that it has completed its acquisition of Canadian Direct Insurance Incorporated. CDI wrote approximately $140 million in home and auto premiums in 2014, and was the winner of the 2014 Consumer Choice award for Home and Auto Insurance in Vancouver and the sur...
  • Layer 7 is acquired by CA Technologies, [Deal - Layer 7 Technologies, Inc.], On June 3, 2013, CA, Inc (CA Technologies) completed the acquisition of Layer 7 Technologies Inc (Layer 7), a leading provider of Application Programming Interface and security management software.   Based in Vancouver, Canada, Layer 7 will operate as a subsidiary of CA Technologies and current...
  • First Quantum announces successful completion of the C$5.1 billion offer for Inmet, [Deal - First Quantum Ltd.], On April 02, 2013, First Quantum Minerals Ltd. and its wholly owned subsidiary FQM (Akubra) Inc. (together, the “Offerer”) announced successful completion of their offer to acquire all of the outstanding common shares of Inmet Mining Corporation (the “Offer”). As of 5:00 p.m. on April 01, 2013, 9...
  • Aluminum Corporation of China submits C$925 million bid for controlling interest in SouthGobi Resources, [Deal - Aluminum Corporation of China Ltd.], Fasken Martineau acted for Aluminum Corporation of China Ltd. (Chalco) in connection with its C$925 million bid for a controlling interest in SouthGobi Resources Ltd. (SouthGobi). Chalco is China's largest alumina and primary aluminum producer. SouthGobi is a coal production and development compa...

Career & Education

Education

  • JD Western University

Memberships & Affiliations

  • Member, Canadian Bar Association - Competition Law Section
  • Member, Canadian Bar Association and Ontario Bar Association - Foreign Investment Review Committee
  • Member, Ontario Bar Association - Sexual Orientation and Gender Identity Section
  • Member, American Bar Association - International Antitrust Committee, Antitrust Law Section
  • Life Member, Canadian Association of Black Lawyers
  • Past Member, Ontario Investment Promotion Co-ordination Committee, a joint committee of the Ontario and Canadian Governments dealing with trade and investment issues 
  • Member, The Granite Club

Knowledge

Events

News

  • Magazine.cim.org quotes Douglas New now in an article about the impact of the Federal governments timeline extension acquisitions on current mining operations and potential future investment, 10/21/2020
  • Lexpert Magazine mentions Fasken lawyers in an article about the 135 million Acquisition between LaSalle Canada Property Fund and Ottawa’s Minto Place, 8/2/2018
  • Black Lawyer-Ish Magazine quotes Douglas New in an article about the Canadian Association of Black Lawyers (CABL), 4/1/2017

Publications

  • On Second Thought: The Government of Canada Reverses Prior National Security Ruling, 4/3/2017
  • Investment Canada Act: National Security Review Powers Rarely Invoked, 1/31/2017
  • Investment Canada Issues National Security Review Guidelines, 12/21/2016
Article On Second Thought: The Government of Canada Reverses Prior National Security Ruling Competition Chronicle
Article Investment Canada Act: National Security Review Powers Rarely Invoked Competition Chronicle
Article Investment Canada Issues National Security Review Guidelines Competition Chronicle

Speaking Engagements

  • Recent Developments in Canada’s Deceptive Marketing and Advertising Laws, 6/2/2016
  • Dealing with Client Demands for Progress on Diversity Issues, 11/18/2010
  • Navigating the Investment Review Process in Canada: The Latest Word, 6/10/2010
Recent Developments in Canada’s Deceptive Marketing and Advertising Laws location location Toronto
Presenter Dealing with Client Demands for Progress on Diversity Issues Summit, A Call to Action Canada location location Toronto Summit, A Call to Action Canada
Presenter Navigating the Investment Review Process in Canada: The Latest Word Successful Deals with Chinese Investors Conference location location Toronto, ON, Canada Successful Deals with Chinese Investors Conference

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