On September 26, 2003, Xerox Canada Ltd. completed the first funding under a seven-year program with GE VFS Canada Limited Partnership, a unit of GE Commercial Finance. Under the program, GE VFS becomes the primary equipment financing provider for Xerox customers in Canada, while Xerox retains responsibility for the ongoing service needs of its customers. The program initially provides for funding of up to $850 million.
Xerox was represented by in-house counsel Dorothy Quann; and by McCarthy Tétrault LLP, with a team led by James Archer and F. David Rounthwaite, and assisted by Terry Dolan, Alasdair Federico and Elke Rubach; and by Scott Wilkie and Manjit Singh (tax) of Osler, Hoskin & Harcourt LLP.
GE VFS was represented by in-house counsel Paula Hurwitz, and Russ Watson (tax); and by Davies Ward Phillips & Vineberg LLP, with a team that included James Rumball, Ken Klassen, Melanie Koszegi, Jeremy Broadhurst and John Zinn (tax).