Derek S. Flaman
Derek S. Flaman
Partner at Torys LLP
(403) 776-3759
(403) 776-3800
525 8th Ave SW, Fl 46, Eighth Ave Pl E, Calgary, AB
Year called to bar: 1996 (ON); 1996 (AB)
Practice focuses on commercial law in the energy sector, with an emphasis on M&A, joint ventures and project development in the oil and gas industry. Experience includes expertise in the acquisition and divestiture of upstream, midstream and downstream assets, onshore and offshore exploration and production matters, pipeline and transportation matters, as well as the marketing of energy and energy-related products. Has worked with private equity funds, exploration and production companies, institutional lenders and midstream and downstream companies. Member of the Association of International Petroleum Negotiators and the Canadian Bar Association: Natural Resource Law and International Business Law Sections. Ontario Bar, 1996. Alberta Bar, 1996. LLB, 1994, Queen’s University.
Derek S. Flaman is a featured Leading Lawyer in:
Canadian Legal Lexpert Directory
Repeatedly Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Canadian Legal Lexpert Directory
Consistently Recommended
Read more about Derek S. Flaman in ...
On July 18, 2016, Cheung Kong Infrastructure Holdings Limited (CKI), a Hong Kong-based global infrastructure company that holds diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, and waste-to-energy and infrastructure-related business, and Power Assets Holdings Limited (PAH), a Hong Kong-based global investor in power and utility-related businesses with investments in electricity generation, transmission and distribution, renewable energy, and energy from waste and gas distribution, completed their $1.7-billion acquisition of 65-per-cent indirect ownership interest in select heavy oil pipeline and storage assets from Husky Energy (Husky) in Alberta and Saskatchewan, and related joint-venture, financing and commercial arrangements.
On March 31, 2015, Encana Corporation, and its affiliate, Cutbank Ridge Partnership (CRP), a partnership between Encana and a subsidiary of Mitsubishi Corporation, completed the sale of natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership, 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. The aggregate purchase price of the acquisition was approximately $760 million.