Douglas  Marshall

Douglas Marshall, Partner, Corporate

Contact Information

  • tel: 416.862.4218
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Bar Admission

Ontario, 1989


  • University of Toronto, LL.B.
  • University of Western Ontario, B.A.






Doug advises public and private companies on M&A, financing and corporate/governance matters. His M&A experience includes public take-over bids, share and asset acquisitions and divestitures, privatizations and corporate restructurings. His financing experience includes domestic and cross-border public and private offerings of equity and debt, initial public offerings and other securities offerings and monetizations. These transactions have involved the financial services, telecommunications, real estate, mining, technology, pharmaceutical, newspaper and media sectors. Doug has lectured on securities law, mergers and acquisitions and corporate governance matters at universities and private conferences. Doug is a former member of the Securities Advisory Committee to the Ontario Securities Commission.

Notable Matters

  • Royal Bank of Canada in its agreement to acquire City National Corporation for approximately US$2.7 billion in cash and approximately 44 million common shares, representing a total current transaction value of approximately US$5.4 billion.
  • DREAM Unlimited Corp. in its agreement to form a joint venture with Canadian Pacific Railway Ltd. The joint venture will maximize the value of CP’s surplus real estate portfolio by leveraging the experience and expertise of DREAM to develop select properties.
  • Dream Asset Management Corporation in connection with the formation and initial public offering of Dream Hard Asset Alternatives Trust and the coincident acquisition by Dream Alternatives of its approximately $725 million of initial assets pursuant to a reorganization of certain investment funds managed by Return on Innovation Advisers Ltd.
  • Bank of Montreal in connection with its acquisition of F&C Asset Management plc.
  • RBC Capital Markets, Barclays Capital Canada, GMP Securities and a syndicate of Underwriters in connection with the U.S. $3 billion offering of common shares by Barrick Gold Corporation.
  • Dream Asset Management Corporation in connection with the spin-off of DREAM Unlimited Corp. by Dundee Corporation by means of a plan of arrangement.
  • Dream Industrial REIT in connection with its take-over bid for all of the shares of C2C Industrial Properties Inc. and subsequent going private amalgamation of DIR Industrial Properties Inc. and C2C Industrial Properties Inc.
  • Royal Bank of Canada in connection with its acquisition of the Canadian automobile finance and deposit business of Ally Financial Inc.
  • Dream Industrial REIT in connection with its acquisition of a portfolio of industrial properties and initial public offering.
  • Gazit America Inc. in connection with its privatization by Gazit-Globe Ltd. and sale of properties to First Capital Realty Inc.
  • Dream Office REIT in connection with its acquisition of Whiterock Real Estate Investment Trust
  • Dream Global REIT in connection with its acquisition of an approximately $1 billion portfolio of real estate assets in Germany and $447.5 million initial public offering in Canada.
  • Bank of Montreal in connection with its acquisition of Marshall & Ilsley Corporation.
  • Dream Office REIT in connection with its acquisition of Realex Properties Corp.


  • Canadian Bar Association
  • American Bar Association

Industry Recognition

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada:  Corporate Finance & Securities
  • Lexpert’s Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada:  Corporate Finance & Securities
  • Lexpert Special Edition: Canada’s Leading Corporate Lawyers
  • Chambers Global: The World’s Leading Business Lawyers: Corporate/M&A
  • The Canadian Legal Lexpert Directory: Corporate Commercial Law; Corporate Finance & Securities; Mergers & Acquisitions
  • Who’s Who Legal Canada: Capital Markets
  • Best Lawyers in Canada: Corporate Law, Mergers & Acquisitions Law


  • Canadian Securities Administrators Propose Significant Amendments to Take-Over Bid Regime, September 2014.
  • Capital Markets Report 2014, January 2014
  • Capital Markets Review 2012, Osler Guide, January 2012.
  • Canadian Public Company Mergers and Acquisitions, Osler Guide, September 2010.

Pro Bono/Community Work

  • Branksome Hall, Board of Governors