Derek J. Bell

Partner

Well-regarded for his M&A and insolvency litigation expertise.

— client quote - Chambers Canada

About

Derek Bell is a key member of the firm’s Litigation, Arbitration and Investigations group. His practice focuses on Commercial List litigation, which ranges from public company disputes, to merger and acquisition litigation, securities litigation, competition litigation, cross-border litigation, to insolvency matters. He has also acted as lead counsel on international commercial arbitration matters around the world.

Derek has been responsible for the successful resolution of many “bet-the-company” litigation mandates and has been at the forefront of many of the most important litigation mandates in Canada over the last two decades. Well known for his innovative approaches in dispute resolution, Derek represents a wide variety of industries and business sectors, including public issuers, individual directors and officers, banks, securities dealers, manufacturers, and private and public investment funds. He has appeared at all levels of court and administrative tribunals in Ontario, Quebec, British Columbia, the Federal Court of Canada, and the Supreme Court of Canada.

Derek has led the charge in innovative approaches to law, charting a path that others follow. Derek was lead counsel on the first reported case in the history of Canada where a public issuer merger was successfully blocked at a fairness hearing. He was lead counsel for the issuer in Canada’s first Material Adverse Effects (MAE) case, in the context of COVID-19. He was lead counsel for the Commissioner of Competition, successfully obtaining the largest monetary penalty awarded to date. He is a member of the Commercial List User Committee, responsible in part for developing model orders in corporate and insolvency proceedings.

Derek also has an active practice involving governmental affairs and public interest mandates. He has acted for a Prime Minister of Canada, a premier of a province, multiple members of parliament, the Commissioner of Competition, and others. He has acted on numerous constitutional cases, including the most recent challenge to Bill 5 in Ontario, relating to the composition of Toronto city council. He has acted on a number of petitions to the federal cabinet. Derek’s experience on governmental mandates extends beyond Canada, as he has developed significant experience dealing with, and litigating against, the government of the People’s Republic of China and its state-owned enterprises.

Prior to being called to the Bar, Derek clerked with the Honourable Justice Charles D. Gonthier at the Supreme Court of Canada.

Areas of FocusFinancial Services Corporate Litigation, Arbitration and Investigations Mergers and Acquisitions Antitrust and Competition Corporate and Securities Disputes

Bar admissionsOntario, 2000

EXPERIENCE

PUBLIC COMPANY / CORPORATE GOVERNANCE / M&A LITIGATION

Acted for acquiring and target companies and independent committees of targets in connection with merger transactions and subsequent arrangement proceedings.
Acting for a 1/3 shareholder of a major Canadian manufacturing and retail enterprise in litigation leading to the forced removal of the CEO and board member.
Acted for a litigation trustee in multi-billion dollar lawsuits against multiple parties in connection with the demise of a publicly traded company.
Acted for a private equity investment firm in an OSC proceeding relating to a $2.7 billion acquisition in the television broadcasting industry.
Acted for a special committee of a publicly traded metals trust in connection with a hostile takeover bid.
Acted for a major shareholder of a Canadian oil and gas company in a proxy contest relating to a proposed merger.
Acted for a Canadian mining company in defense of a hostile takeover bid by another mining company.
Acted for a manufacturer of communications equipment in an OSC poison pill hearing.
Acted for bondholders opposing the forced redemption of bonds of B.C. forestry company.
Acted for managers of a public fund in OSC proceedings relating to a takeover bid.
Acted for the acquiring company in a hostile bid in the telecommunications space.
Acted for bondholders in oppression proceedings against a gold mining company.
Acted for a superior proposal bidder in court proceedings relating to competing hostile bids.
Acted for a public company whose merger was being attacked by a major activist investor.
Acted for warrant holders in opposing a $1.7 billion merger transaction.
Acted for a technology company in connection with shareholder litigation relating to option-granting practices.
Acted for public companies defending activism campaigns and for stakeholders conducting campaigns, both in respect of transactions and board composition.

JOINT VENTURE / PRIVATE COMPANY LITIGATION

Acted for a Canadian company in a Canadian-based manufacturing joint venture in a mediation/arbitration dispute with its Chinese state-owned company joint venture partner.
Acted for a Canadian company in a Chinese-based manufacturing joint venture in an arbitration dispute with its Chinese state-owned company joint venture partner
Acted for a team of investment advisors and a private wealth firm in an alleged fiduciary duty / unfair competition case.
Acted for shareholders of numerous private companies in oppression and related proceedings where the parties did not have liquidity exit provisions.
Acted for a major resource company in litigation relating to an alleged option for a multi-billion dollar project.
Acted for an indenture trustee of bonds issued in connection with a failed real estate development and resisting injunctive relief sought by the developer.

INSOLVENCY LITIGATION

Acted for the debtor in the Sino-Forest Corporation, Tamerlane Ventures/Pine Point Holdings and Hollinger Canadian Publishing Holdings CCAA proceedings.
Acted for bondholders in the Crystallex, Nortel, Ivaco, and Stelco CCAA proceedings.
Acted for creditors in the BuildDirect.com Technologies, Rift Energy, Greyhawk Equity Partners and Fortress Brookdale insolvency proceedings.
Acted for directors in the Timminco, Unique Broadband Systems, and IceGen CCAA proceedings.
Acted for shareholders in the Growthworks and Canwest Global CCAA proceedings.
Acted for affiliated companies and clients in the Ravelston and Lehman Brothers insolvency proceedings.

GOVERNMENTAL LITIGATION

Acted for a party in an application to be delisted from Canadian economic sanctions.
Acted for clients in numerous applications, complaints, and investigations to and by the Ontario, Albert and B.C. Securities Commissions.
Acted for clients in connection with Competition Tribunal proceedings and other matters involving the Commissioner of Competition.
Acted for the Prime Minister of Canada, his Chief of Staff and a Member of Parliament in defamation proceedings brought by a former cabinet minister.
Acted for interveners in appeals of numerous constitutional and other public law challenges, including a challenge to legislation altering the size of Toronto city council, a challenge to alleged discriminatory practices in airlines, a challenge to a school board’s practices with respect to religious texts, a human rights complaint relating to speech, two challenges by persons said to have been wrongfully convicted of murder, a challenge to Canada’s prostitution laws, and many others.

Languages

Education

LL.B., University of Ottawa, 1998

M.A., Norman Paterson School of International Affairs, 1998

B.A., University of Victoria, 1994

Awards