Skip To Content
Peter  Glossop

Peter Glossop

Partner, Competition/Antitrust & Foreign Investment

Key Contact: Competition/Antitrust

Key Contact: Asia


Contact Information

pglossop@osler.com

tel: 416.862.6554

Office

Toronto


Peter has been practising competition and foreign investment law for over 25 years. His practice focus is advising clients in mergers and acquisitions, joint ventures and strategic alliances. He has extensive experience with multi-jurisdictional transactions, and with clients in the energy, oil & gas, chemicals, natural resources, entertainment and pharmaceutical sectors. Peter also represents respondents in civil cases before the Competition Tribunal and foreign-controlled investors in obtaining approvals under the Investment Canada Act. Peter's Investment Canada expertise includes many of the cases reviewed under the Canadian government's state-owned investor guidelines. Peter is active in the competition law section of the Canadian Bar Association, and was formerly the chair of the Mergers Committee. He is a member of the C.D. Howe Institute Competition Policy Council, a leading  think-tank for emerging competition policy issues. He has published numerous articles and spoken widely on various competition law and foreign investment topics. He has been named a BTI Client Service All-Star for The BTI Consulting Group, one of only eleven competition lawyers named globally in 2012. Peter is also recognized as a leading practitioner by Chambers and Partners, Lexpert and The Best Lawyers in Canada.

    Recent Matters

    • Hydro One Inc. in connection with its agreement to acquire Great Lakes Transmission LP for $222 million in cash and the assumption of $151 million of indebtedness.
    • iCon Infrastructure Partners III, C.P. proposed acquisition of Capstone Infrastructure Corporation
    • Canadian Oil Sands Limited in its response to Suncor Energy Inc’s unsolicited takeover bid valued at $6.6 billion
    • Veresen Inc. in the formation of a new entity, Veresen Midstream Limited Partnership, equally owned by Veresen and affiliates of Kohlberg Kravis Roberts & Co. L.P., which will acquire certain natural gas assets from Encana Corporation and the Cutbank Ridge Partnership. Osler also represented the partnership in respect of related financing arrangements.
    • Canadian counsel to Valeant Pharmaceuticals in connection with its merger proposal to Allergan.
    • Devon Energy Canada in the disposition of some of its Canadian conventional assets to Canadian Natural Resources Limited for $3.125 billion
    • International Business Machines in its divestiture of its x86 server business to Lenovo.
    • Co-counsel to Torstar Corporation in its $455 million sale of Harlequin Enterprises Limited to News Corp.
    • Canadian counsel to JP Morgan Chase & Co. in the sale of its physical commodities business to Mercuria Energy Group Limited.
    • Talisman Energy Inc. in its sale of a portion of its Montney natural gas business to Progress Energy Canada Ltd. for $1.5 billion.

    2013 and prior

    • Shoppers Drug Mart Corporation in its $12.4 billion acquisition by Loblaw Companies Limited (the largest Canadian M&A matter of 2013).
    • Canadian counsel to American Tire Distributors in its acquisition of Hercules Tire & Rubber.
    • 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 counsel 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.
    • IBM in its acquisition of Cognos.
    • NOVA Chemicals in its acquisition by International Petroleum Investment Company.
    • PetroChina Company in its proposed investment in Encana Corporation’s natural gas assets.
    • SANYO Electric in its transaction with Panasonic.
    • 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 Bausch & Lomb, and the acquisition of Dermik business from Sanofi.
    • Winsway Coking Coal Holdings and Marubeni Corp. in their acquisition of Grande Cache Coal Corp.

  • Chambers Canada: Canada's Leading Lawyers for Business, 2016, recognized in the area of Competition/Antitrust.
  • Chambers Canada: Canada's Leading Lawyers for Business, 2016, recognized in the area of Competition/Antitrust: Investment.
  • The Canadian Legal Lexpert Directory, 2014-2015, Consistently recommended in the area of  Competition Law.
  • Chambers Global: The World’s Leading Business Lawyers, 2014-2015, recognized in the area of Competition/Antitrust.
  • Chambers Global: The World’s Leading Business Lawyers, 2014-2015, recognized in the area of Competition/Antitrust: Investment.
  • The Best Lawyers in Canada, 2015-2016, recognized in the area of Competition/Antitrust Law.
  • The Legal Media Expert Guide to the World’s Leading Competition and Antitrust Lawyers/Economists 2014
  • Who’s Who Legal: Competition 2014
  • 2012 BTI Client Service All StarRecipient

  • 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

  • Participant, ZICO Law and Slaughter and May ASEAN Insiders Mergers & Acquisitions Roundtable, Kuala Lumpur, April 13, 2016
  • Investment in Canadian Oil and Gas: Time to Look Again?,  IPBA Journal, March 2016 (co-author).
  • Panel Chair, Hot Topics in Foreign Investment Review, Canadian Bar Association Competition Law Section Annual Conference, October 1, 2015.
  • Oil Sands Investment and Investor Relations, Oil Sands Symposium, Calgary, November 26, 2014.
  • The Improving Climate for SOE Investment in Canada’s Resource Sector, Acquisition International, April 2014 (co-author).
  • Investment Canada Act, Interview, Lang & O’Leary Exchange, March 12, 2014.
  • Foreign Investment in Canada’s Oil and Gas Sector: New and Emerging Challenges, Alberta Law Review, December 2013 (co-author).
  • Oil Sands and the Foreign Investor, CI Energy Group’s 12th Annual Oil Sands Symposium, December 4, 2013.
  • Proposed Amendments to Investment Canada Act Capture Control-in-Fact Investments by State-Owned Enterprises, Osler, May 2, 2013 (co-author).
  • Oil sands shares head for slippery slope, Interview, Business News Network, December 10, 2012.
  • Government rejects PETRONAS-progress transaction: is rejection the new reality for foreign investors?, Lexology, October 21, 2012 (co-author).
  • 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-author).
  • Canada’s Revised Merger Enforcement Guidelines, International Antitrust Bulletin, November 2011 (co-author).