Michelle Lally - Osler, Hoskin & Harcourt LLP

Michelle Lally

Listed in Best Lawyers since 2006
Phone: 416-862-5925

Michelle is the Chair of Osler's highly regarded Competition Law and Foreign Investment Group. She has over 20 years of extensive experience in all aspects of competition law and foreign investment review, including mergers & acquisitions, strategic alliances, price fixing & bid-rigging investigations and pricing and distribution matters.

She advises clients across a broad range of industry sectors, including financial services, telecommunications, pharmaceutical, broadcasting, entertainment, new media, energy, mining, food & consumer packaged goods, transportation and travel and at all levels of such industries- manufacturing, wholesaling and retailing.  Michelle has successfully obtained the clearances under theCompetition Act and the Investment Canada Act of numerous complex domestic, cross-border and international transactions.  She regularly represents parties facing civil investigations by the Competition Bureau or civil cases before the Competition Tribunal relating to the application of the abuse of dominance, price maintenance, refusal to supply, tied selling and exclusive dealing provisions of the Competition Act.

As part of providing strategic competition law counselling and compliance advice, Michelle often designs and conducts internal antitrust audits/investigations for clients.  She also assists immunity applicants and targets of domestic and multinational conspiracy & bid-rigging investigations in their dealings with the Criminal Branch of the Competition Bureau and the Department of Public Prosecutions.

Additional Information

Notable Matters
  • Tim Hortons Inc. in its proposed $12.5 billion merger with Burger King, which will create a new global powerhouse restaurant company based in Canada.
  • Manulife Financial Corporation in its $4-billion acquisition of the Canadian-based operations of Standard Life plc. The deal combines Manulife, one of the largest insurance companies in the world, and Standard Life Canada, the country’s fifth-largest insurer.
  • Ventas Inc. on its proposed $980 million acquisition of 29 independent living seniors housing communities from Holiday Retirement Corp.
  • The ADT Corporation in its proposed $555 million acquisition of Reliance Protectron from Alinda Capital
  • Chemtrade Logistics Income Fund in connection with the sale of its Montreal East sulphur removal and compliance services business to Suncor Energy Products Inc. for $120 million, expected to close in June.
  • TELUS Corporation in its acquisition of Public Mobile for approximately $250 million.
  • TELUS Corporation in its proposed acquisition of Mobilicity.
  • TELUS Corporation in connection with the Competition Bureau inquiry and subsequent action brought by the Commissioner of Competition in the Ontario Superior Court against TELUS, Bell, Rogers and CWTA under the misleading representation provisions of the Competition Act.
Part 2
  • The Toronto-Dominion Bank in its arrangements with Canadian Imperial Bank of Commerce and Aimia Canada Inc. in respect of TD’s acquisition of approximately 51% of CIBC’s co-branded Aeroplan credit card accounts (based on outstanding balances) and related assets and agreements in connection with CIBC continuing as an issuer of co-branded Aeroplan credit cards.
  • Mitel Networks Corporation in its proposed acquisition of Aastra Technologies Ltd. for approximately $400 million.
  • Imperial Tobacco in connection with leave application by Safa Enterprises Inc. to the Competition Tribunal under section 76 (price maintenance of the Competition Act).
  • Canadian Bankers Association in an application by Commissioner of Competition for an order under section 76 ofthe Competition Act (price maintenance) against Visa Canada Corporation and Master Card International Incorporated.
  • Royal Bank of Canada in itsacquisition of the remaining 50% interest in RBC Dexia Investor Services Limited.
  • Target Corporation in its $1.825 billion acquisition of leasehold interests from Zellers Inc. and establishment of operations in Canada.
  • Comcast Corporation in connection with its acquisition from General Electric in NBC/ Universal.
  • Amex Bank of Canada in a class action alleging price maintenance in relation to credit card products.
Part 3
  • Bank of Montreal in a class action against BMO Financial Group, Visa Canada Corporation, MasterCard International Incorporated and various other banks alleging a price-fixing conspiracy in relation to Visa’s and MasterCard’s credit card rules.
  • Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Credit Union Central of Canada, Federation des Caisses Desjardins du Quebec and National Bank of Canada in connection with the development of a mobile commerce operating framework.
  • London Stock Exchange Group PLC on its proposed merger of equals with TMX Group Inc.
  • Equinox Minerals Ltd. in connection with its acquisition by Barrick Gold Corporation.
  • Sterling Partners and its co-investors on its acquisition of MOSAID Technologies Incorporated and its acquisition of Livingston International Income Fund.
  • JPMorgan Chase Bank in its acquisition of credit card assets of The Home Depot credit card program of Citi Cards Canada Inc.
  • Kraft Foods Inc. / Cadbury Adams Canada Inc. in connection with the regulatory investigation into allegations of price-fixing in the chocolate industry and in numerous class actions across Canada.
Osgoode Hall Law SchoolUniversity of Western OntarioQueen’s UniversityBA
American Bar Association, Section of Antitrust LawCanadian Bar Association

Office Location

100 King Street West
1 First Canadian Place
Suite 6200, P.O. Box 50
Toronto, ON M5X 1B8


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Practice Areas

Competition / Antitrust Law