Encana Completes Transition to U.S.-Domiciled Ovintiv

On January 24, 2020, Encana Corporation completed a corporate reorganization and plan of arrangement that resulted in the company establishing its corporate domicile in the U.S., rebranding under the name Ovintiv Inc. (“Ovintiv”), and completing a consolidation and share exchange for one share of common stock of Ovintiv for every five common shares of Encana.  Following completion of the transaction, the Ovintiv common stock began trading on the TSX and NYSE, and the business, board, management and shareholders of Ovintiv were the same as those of Encana prior to the transaction.

Encana's in-house legal team on the transaction was led by Joanne Alexander, Terence Trinh and Katie Miller. Blake, Cassels & Graydon LLP was Canadian corporate counsel with a team that included Chad Schneider, Jeff Bakker, Sarah Hammond, Courtney Bohn and Peter Moorman (Corporate and Securities), Michael McIntosh, Andrew Kolody and Maria Spronk-Johnson (Banking) and David Tupper, Alyssa Duke and Tracy Van Brunt (Litigation).

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Encana’s U.S. corporate counsel with a team comprised of Adam Givertz, Andrew Foley, Steve Centa, Aaron Abramson and Lewis Fainer.

Canadian tax advice was provided to Encana by Felesky Flynn LLP with a team led by Brett Anderson, Byron Beswick and Erica Hennessey, and U.S. tax advice was provided by Paul Seraganian, Kevin Colan and Andrew Granek of Osler, Hoskin & Harcourt LLP.

 

 

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