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Action to annul two agreements for the sale of shares of Uranor inc. and Omégalpha inc.

Fasken
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Overview

Client

Areva Est Canada and Orano Mining

We are acting for Areva Est Canada and Orano Mining in an action to annul two agreements (of a value of more than C$50 million) with respect to the sale of shares of Uranor inc., a corporation which held uranium mining claims in the north of Québec, and Omégalpha inc., a corporation which conducted mining exploration activities for Uranor in Québec, following the discovery that one of Orano Mining's employees involved in the negotiation of the agreements illegally received a substantial amount of over C$17 million. Areva Est and Orano Mining would have never entered into the agreements had they known this illicit payment.

The facts of this case go back more than a decade, which adds an additional challenge to the mandate. Two weeks ago, the plaintiffs filed a motion to declare the defendants ineligible, alleging breaches of ethics in defence.

A Fasken team composed of Eric Simard, Stéphanie Lavallée, Francois Barette, Charlie Marineau, Nikolas-Karl Perreault and Pierre Lantoin acted for Areva Est Canada and Orano Mining in connection with this case.

Team

  • Eric Simard, Partner | CO-LEADER, LITIGATION AND DISPUTE RESOLUTION, Montréal, QC, +1 514 397 5147, [email protected]
  • Stéphanie Lavallée, Partner | Litigation and Dispute Resolution, Montréal, QC, +1 514 397 5110, [email protected]
  • François Barette, Consultant | Tax Law, Montréal, QC, +1 514 397 5259, [email protected]
  • Charlie Marineau, Associate | Litigation and Dispute Resolution, Montréal, QC, +1 514 397 7642, [email protected]
  • Nicolas-Karl Perrault, Partner | Litigation and Dispute Resolution, Montréal, QC, +1 514 397 5256, [email protected]
  • Pierre Lantoin, Associate | Litigation and Dispute Resolution, Montréal, QC, +1 514 397 5214, [email protected]
Eric Simard, Partner | CO-LEADER, LITIGATION AND DISPUTE RESOLUTION Eric Simard Partner | CO-LEADER, LITIGATION AND DISPUTE RESOLUTION Montréal, QC +1 514 397 5147
Stéphanie Lavallée Associée/Partner Montréal Stéphanie Lavallée Partner | Litigation and Dispute Resolution Montréal, QC +1 514 397 5110
Tax Lawyer in Montréal, François Barette, Fasken François Barette Consultant | Tax Law Montréal, QC +1 514 397 5259
Charlie Marineau | Litigation and Dispute Resolution Lawyer in Montréal Charlie Marineau Associate | Litigation and Dispute Resolution Montréal, QC +1 514 397 7642
Nicolas-Karl Perrault, Partner | Litigation and Dispute Resolution Nicolas-Karl Perrault Partner | Litigation and Dispute Resolution Montréal, QC +1 514 397 5256
Pierre Lantoin, Associate | Litigation and Dispute Resolution Pierre Lantoin Associate | Litigation and Dispute Resolution Montréal, QC +1 514 397 5214