Michael Burke
Michael Burke
(416) 863-3866
(416) 863-2653
199 Bay St, Suite 4000, Commerce Court West, Toronto, ON
Year called to bar: 1988 (ON)
Michael's practice focuses on transactional matters in the securitization and asset-based lending/leasing areas and on the development and modernization of wholesale and retail (consumer) lending/leasing programs for vehicle and equipment lessors, financiers and suppliers. Michael advises domestic and foreign sellers and Canadian, US and other international financial institutions on domestic and cross-border securitization transactions and programs. Michael also works with borrowers/lessees and lenders/lessors in domestic and cross-border loan/lease transactions. Michael regularly writes and speaks at conferences and seminars on securitizations, equipment and consumer leasing, and secured transactions. Michael is also involved in industry associations and legal professional organizations in Canada and the US, including being a former member of Canadian Finance & Leasing Association’s Board of Directors, a current member of its Legal Committee, a member of the Board of Regents of the American College of Commercial Finance Lawyers, the longest-serving chair of the Personal Property Security Law Committee of the Ontario Bar Association and was the first Canadian lawyer to be a member of the Legal Committee of the US Equipment Leasing and Finance Association.
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On February 27, 2019, MBARC Credit Canada Inc. (“MBARC”), an indirect wholly-owned subsidiary of Daimler AG and a direct wholly-owned subsidiary of Mercedes-Benz Financial Services Canada Corporation (“MBFSC”), completed an offering of $522,930,000 of asset-backed notes collateralized by a pool of over 14,000 Canadian retail auto lease contracts and the related new and used vehicles. MBFSC, the Canadian financial services provider for the Daimler group, will service the 2019-A portfolio.
Mercedes-Benz Financial Services Canada Corporation (“MBFSC”), an indirect wholly-owned subsidiary of Daimler AG, established a platform to securitize from time to time its Canadian motor vehicle conditional sale contracts and installment sale contracts (“Receivables”) by forming Silver Arrow Canada LP, a limited partnership (the “Issuer”), and its sole general partner, Silver Arrow Canada GP Inc.
On October 12, 2016, MBARC Credit Canada Inc. (“MBARC”), an indirect wholly owned subsidiary of Daimler AG and a direct wholly owned subsidiary of Mercedes-Benz Financial Services Canada Corporation (“MBFSC”), completed an offering of $507,000,000 of asset-backed notes collateralized by a pool of over 15,000 Canadian retail auto lease contracts and the related new and used vehicles. MBFSC, the Canadian financial services provider for the Daimler group, will service the 2016-A portfolio.