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Douglas  Marshall

Douglas Marshall

Partner, Corporate

Contact Information

tel: 416.862.4218



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. His clients have included Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal, Morgan Stanley, Dream Unlimited Corp., Dream Office REIT, Dream Industrial REIT and Dream Global REIT. Doug is recognized as a leading lawyer by Chambers Global, Lexpert, Who’s Who Legal Canada and Best Lawyers in Canada. 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.

  • Newstrike Brands

    The Special Committee of the Board of Directors of Newstrike Brands in its proposed acquisition by HEXO Corp

  • Morgan Stanley

    Morgan Stanley in its capacity as financial advisor to Clementia Pharmaceuticals in its proposed sale to Ipsen for up to US$1.31 billion

  • Morgan Stanley

    Morgan Stanley in its proposed acquisition of Solium Capital for $1.1 billion

  • The Bank of Nova Scotia

    The Bank of Nova Scotia in the sale of its Caribbean banking operations to Republic Financial Holdings Limited

  • Dream Global REIT

    Dream Global REIT in its approximately $903 million transaction relating to a 135 property portfolio in the Netherlands

  • Dream Office REIT

    Dream Office REIT in connection with its sale of properties to existing co-owners and Kingsett Capital

    • E-L Financial Corporation Limited in connection with its acquisition of Guardian Assurance Limited’s 19% share of holding company E-L Financial Services Limited resulting in 100% ownership of E-L Financial Services Limited which owns 98.3% of The Empire Life Insurance Company.
    • Bank of Montreal in connection with its acquisition of General Electric Capital Corporation’s Transportation Finance business.
    • Dream Asset Management Corporation in connection with a reorganization of the management structure of Dream Office REIT.
    • 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.
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  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2019: Corporate/Commercial (Ontario)
  • Chambers Global: The World’s Leading Lawyers for Business, 2017-2019: Corporate/M&A
    • " highly regarded for his M&A and financing expertise, as well as his experience of REITs transactions."


  • The Canadian Legal Lexpert Directory, 2014-2019: Corporate Finance & Securities; Mergers & Acquisitions; Corporate Commercial Law
  • The Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada, 2017: Corporate Finance & Securities; Mergers & Acquisitions
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada: Corporate Finance & Securities
  • Lexpert Special Edition: Canada’s Leading Corporate Lawyers

Legal 500

  • The Legal 500, 2019: Leading Lawyer, Corporate and M&A


  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2017-2019: Rising Star, M&A

Who’s Who Legal

  • Who’s Who Legal: International - Capital Markets - Debt and Equity 2018-2019
  • Who’s Who Legal: Canada - Capital Markets 2018

Best Lawyers

  • The Best Lawyers in Canada, 2013-2019: Corporate; Mergers & Acquisitions Law

Acritas Stars

  • Acritas Stars, 2018-2019: Star Lawyer

  • Branksome Hall, Board of Governors

  • Canadian Bar Association
  • American Bar Association

  • Capital Markets Review 2012, Osler Guide, January 2012.
  • Canadian Public Company Mergers and Acquisitions, Osler Guide, September 2010.