Peter  Glossop

Peter Glossop, Partner, Competition/Antitrust

Contact Information

  • tel: 416.862.6554
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Bar Admission

Ontario, 1986

Education

  • London School of Economics, LL.M.
  • Osgoode Hall Law School, LL.B.

Office

Toronto

Language(s)

English

Biography

Peter provides competition law advice on mergers and acquisitions, arrangements with competitors and pricing and distribution practices. He is a leading advisor on foreign investment review in Canada. He has extensive experience with multi-jurisdictional transactions, state-owned investors and clients in the natural resources and energy sectors.

Notable Matters

  • Apache Corporation and its subsidiaries in their agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia for US$374 million.
  • Canadian counsel to JPMorgan Chase & Co. in the sale of its physical commodities business to Mercuria Energy Group Limited, a global energy and commodities trading company, for $3.5 billion.
  • Devon Energy Canada in the disposition of some of its Canadian conventional assets to Canadian Natural Resources Limited for $3.125 billion.
  • Apache Canada in its acquisition from BP Canada Energy.
  • BASF SE and INEOS Industries in their styrenics joint venture.
  • Chartwell Seniors Housing REIT in its acquisition of a seniors housing portfolio in a 50/50 co-ownership with Health Care REIT.
  • China Investment Corporation in its transaction with Penn West Energy Trust.
  • ConocoPhillips in the sale of its interest in the Syncrude joint venture to Sinopec.
  • Entertainment One in its acquisition of Alliance Films.
  • Fording Coal in its acquisition by Teck Resources.
  • Canadian advice to General Cable in its acquisition of the Alcan Cable business from Rio Tinto.
  • Government of New Brunswick in its proposed sale of substantially all of the assets of NB Power to Hydro-Québec.
  • Insurance Bureau of Canada responding to a refusal to deal application by Used Car Dealers Association of Ontario.
  • International Business Machines in its acquisition of Cognos.
  • NOVA Chemicals in its acquisition by International Petroleum Investment Company.
  • Obtained strategic opinions from the Department of Canadian Heritage concerning cultural businesses under the Investment Canada Act.
  • Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners in their acquisition of Q9 Networks Inc.
  • PetroChina Company in its proposed investment in Encana Corporation’s natural gas assets.
  • SANYO Electric in its transaction with Panasonic.
  • Shoppers Drug Mart in connection with its proposed $12.4 billion acquisition by Loblaw Companies Limited.
  • Total E&P on the formation of a strategic oil sands alliance between Total E&P Canada Ltd. and Suncor Energy Inc. encompassing the Fort Hills mining project, the Joslyn mining project and the Voyageur upgrader project, and on the later disposition of its interest in the Voyageur Upgrader project back to Suncor Energy Inc.
  • URS Corp. in its bid for Flint Energy Services.
  • Valeant Pharmaceuticals in its acquisition of the Dermik business from Sanofi.
  • Winsway Coking Coal Holdings and Marubeni Corp. in their acquisition of Grande Cache Coal Corp.

Affiliations

  • C.D. Howe Institute Competition Policy Council, member
  • Canadian Bar Association, Competition Law Section, Former Chair of the Mergers Committee, former Chair of the Enforcement Practices and Procedure Committee and Chair of the 2003 Annual  Conference
  • Ontario Bar Association, International Law Section, member and past Executive member
  • American Bar Association, Antitrust and International Sections

Industry Recognition

  • 2012 BTI Client Service All Star Recipient
  • Chambers Global: The World’s Leading Lawyers for Business 2014: Competition/Antitrust - Investment Canada; Competition/Antitrust
  • The Best Lawyers in Canada 2014: Competition/Antitrust Law
  • Who's Who Legal: The International Who's Who of Competition Lawyers and Economists 2011
  • Who’s Who Legal: Canada 2012
  • The Legal Media Guide to the World’s Leading Competition and Antitrust Lawyers/Economists 2012
  • The Canadian Legal Lexpert Directory 2013: Competition Law
  • Expert Guides – Competition and Antitrust 2014

Publications/Events/Education

  • The Year the Music Stopped – The Precipitous Decline in SOE Investment in Canada’s Oil and Gas Sector in 2013, Capital Markets Report (co-author Frank J. Turner)
  • Foreign Investment in Canada’s Oil and Gas Sector: New and Emerging Challenges, Alberta Law Review (co-author Paula Olexiuk and Angela Avery)
  • Procurement and the Competition Act: Recent Guidance from the Alberta Court of Appeal, Osler (co-authors Christopher Naudie, Tristam Mallett and Adam Hirsh)
  • Proposed Amendments to Investment Canada Act Capture Control-in-Fact Investments by State-Owned Enterprises, Osler (co-authors Michelle Lally, Peter Franklyn and Shuli Rodal)
  • Presented at the Oil Sands Symposium, December 2013
  • New Rules for Foreign Investment by State-Owned Enterprises - Do They Strike the Right Balance?, Osler Update, December 9, 2012 (co-author).
  • Government rejects PETRONAS-progress transaction: is rejection the new reality for foreign investors?, Lexology, October 21, 2012 (co-author Frank J. Turner)
  • Obtaining Competition Act Approval, Infocast Advanced Canadian Oil & Gas Forum, Calgary AB, October 17, 2012.
  • Foreign investment in Canada – one year after Potash Corporation, Association of Corporate Counsel Lexology (ACC), January 19, 2012 (co-authors J. Buckingham & F. Turner).
  • Canada’s Revised Merger Enforcement Guidelines, International Antitrust Bulletin, November 2011 (co-author Kaeleigh Kuzma).
  • Canadian Competition Bureau Releases Revised Merger Enforcement Guidelines, Osler Update, Lexology, October 12, 2011 (co-author Kaeleigh Kuzma)