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Clifford Sosnow Ottawa Lawyer

Clifford Sosnow *

Partner Fasken
Whether its sanctions, export controls, national security reviews or bribery and corruption at the border and beyond, companies realize they must pay extra care to each of these potentially disruptive obstacles to smooth and predictable cross-border transactions or face the real possibility of increased costs, denied investments, lost business and reputational damage.
Jurisdiction Ontario, 1987
Language(s) English, French
Office(s) Toronto, Ottawa
Contact
*practising through a professional corporation
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Overview

Clifford Sosnow is the Chair of Fasken’s International Trade and Investment Group. He is an internationally recognized trade, investment and anti-bribery law advisor, strategist and advocate. He is ranked among the best of the best, a leading trade law practitioner by Canadian and international directories on anti-bribery law, export/import licensing compliance, national security reviews, controlled goods requirements and audits, economic sanctions, Cuba blocking law, dumping/countervail investigations and customs issues.

Clifford is recognized as a leading trade lawyer in numerous directories including Chambers Global and Chambers Canada (Band 1), Who’s Who Legal 100, Legal 550 for International Trade, Lexpert Guide to the Leading US/Canada Cross-Border Litigation Lawyers in Canada, Best Lawyers in Canada, Expert Guides Best of the Best, and is recognized by Legal 500 for Public Procurement.

"Clifford Sosnow leverages an immense depth of experience, both in government and as a private practitioner, to assist clients with a range of trade queries and issues. " (Chambers and Partners Canada Guide 2023)

"Clifford Sosnow is a master of international trade regulation." (Chambers and Partners Canada Guide 2022)

Clifford leverages his rankings as a leading practitioner to provide strategic advice to corporations, governments and industry associations. He is a seasoned advocate before Canadian trade regulators, government agencies and departments, and NAFTA and WTO arbitrators, but also issues opinions on complex cross-border matters including sanctions, export control and anti-bribery law and conducts anti-bribery, export control, national security and sanctions due diligence of sophisticated, high profile and high value M&A transactions. Clifford also regularly counsels clients to minimize their enforcement risk through sanctions and export control compliance audits and the development of best practice anti-bribery and trade controls internal policies.

Clifford Sosnow has over three decades of experience in advising clients on several of the key criteria Canadian regulators examine in conducting national security reviews of proposed acquisitions. These include the transfer of sensitive technology, the involvement of Defence Production Act and other controlled goods and technology and Canada’s defence capabilities and interest. Clifford has been invited to speak at conferences on the subject and has participated in proposed acquisitions raising Canadian national security issues.

Having previously clerked at the Federal Court of Canada, acted as in-house counsel with the Department of Foreign Affairs International Trade and Development (Global Affairs Canada), and the Canadian International Trade Tribunal, Clifford leverages this experience and understanding of Canadian government to minimize enforcement risk including the strategic use of voluntary disclosures and requests for sanctions permits.

Clifford advises Canadian businesses (operating both inside and outside of Canada), on how to best manage the risk of human rights impacts in their operations and supply chains, as well as guiding them on corporate reporting obligations, including those under Canada’s new Fighting Against Forced Labour and Child Labour in Supply Chains Act.

Clifford is a thought leader. His acknowledged practice has earned coverage across media and print outlets including National Public Radio, Bloomberg TV, The Globe and Mail, National Post and the Canadian Broadcasting Corporation. His thought leadership extends to executive positions he holds in many professional associations including the American Bar Association, the Trade Committee of the OECD business advisory committee (BIAC); the Dispute Resolution and Arbitration Committee of the Inter-Pacific Bar Association and the Canadian Chamber of Commerce.

In addition to engaging in an active speaking and moderating schedule at legal and business conferences around the world, Clifford also writes extensively on international trade and bribery issues, and for the past several years sits on the Editorial board of the Kluwers Global Trade and Customs Journal.

Clifford received the Queen Elizabeth II Diamond and Queen Elizabeth II Golden Jubilee medals.

Achievements

Client Work

  • Smiths Group PLC acquires Wattco, [Deal - Smiths Group PLC], Acquisition of Wattco by Smiths Group PLC.
  • Tru Tech Corporation acquired by ODL, Incorporated, [Deal - Tru Tech Corporation], Canadian leader in exterior door manufacturing acquired by prominent American building products supplier
  • IAMGOLD Corporation completes sale of its interest in Rosebel Gold Mines to Zijin Mining for approximately US$360 million in cash and release of US$41 million in liabilities, [Deal - IAMGOLD Corporation], Canadian gold mining company sells interest in one of the largest in-production gold mines in South America
  • Motion Metrics International Corp sold for C$150 million, [Deal - Motion Metrics International Corp.], Scottish engineering firm acquires Canadian mining technology firm, a leading developer of innovative AI and 3D rugged machine vision technology used in mines worldwide.
  • Arsenal and Seal for Life announce acquisition of Canusa, [Deal - Arsenal Capital Partners and Seal For Life Industries], Leading private equity firm specializing in investments in specialty industrials and healthcare companies acquires global leading manufacturer of pipeline coatings.
  • Divestiture of Ridley Terminals Inc. by Canada Development Investment Corporation on behalf of the Government of Canada for C$350,000,000, [Deal - Canada Development Investment Corporation], The transaction is the first Canadian privatization where local First Nations obtained an equity interest as part of the disposition. The First Nation participation will position the RTI transaction as one of the most important for 2019 and have lasting significance for comparable transactions in the future. The transaction resulted in one of the first joint ventures between US private equity and First Nations. Given the uncertainties associated with acquisitions of infrastructure, project and natural resource-based assets in Canada, this transaction can be used as a model of how to manage and structure similar private-sector acquisitions.
  • Kraft Heinz Co’s C$1.62 billion sale of its Canadian natural cheese business to Parmalat SpA, [Deal - Kraft Heinz Canada Inc.]
  • Windsor-Detroit Bridge Authority achieves financial close Gordie Howe International Bridge Project, [Deal - Windsor-Detroit Bridge Authority]
  • Catalyst Capital Group US$290 million sale of its portfolio company, Therapure Biopharma, [Deal - Therapure Biopharma]

Career & Education

Education

  • LLB University of New Brunswick
  • BSc, Neurobiology McGill University

Memberships & Affiliations

  • Vice Chair, American Bar Association International Law Section
  • Vice-Chair, Business and Industry Advisory Committee (BIAC) to the Organisation for Economic Co-operation and Development (OECD), Responsible Business Conduct Committee
  • Past Chair,  Business and Industry Advisory Committee (BIAC) to the Organisation for Economic Co-operation and Development (OECD), Trade Committee     
  • Past Co-Chair, Canadian Chamber of Commerce, International Affairs Committee
  • Editorial Board, Kluwer Law International's Global Trade and Customs Journal
  • Transparency International (Canada), Legal Committee
  • Member, Prospectors and Developers Association of Canada
  • Member, Customs and International Trade Bar Association
  • Past Chair, Canadian Bar Association, International Law Section
  • Chair Emeritus, Inter-Pacific Bar Association, International Trade Law Committee
  • Past Vice-Chair, Canadian Association of Importers and Exporters
  • Board Member, Ontario Division, Multiple Sclerosis Society, 2010-2012

Knowledge

Events

News

Publications

  • Canada wants to give a Russian plane it seized to Ukraine. Is that legal?, 11/9/2023
  • Understanding Canada’s New Forced-Labour Law, 9/5/2023
  • The global march of sanctions, 3/4/2022

Speaking Engagements

  • Navigating Legal and Geopolitical Aspects of Cross Border Transactions, 12/10/2024
  • The Impact of the U.S. Elections on the Global Regulatory Environment, 10/9/2024
  • FINTRAC and the Canadian Sanctions Enforcement Landscape: Guidance on Brand New FINTRAC Reporting Obligations Related to Sanctions, 3/6/2024
Speaker The Impact of the U.S. Elections on the Global Regulatory Environment Inter-Pacific Bar Association One-Day Regional Conference location location Toronto, ON, Canada
Speaker FINTRAC and the Canadian Sanctions Enforcement Landscape: Guidance on Brand New FINTRAC Reporting Obligations Related to Sanctions The Canadian Institute’s 8th Annual Canadian Forum on Global Economic Sanctions location location Toronto, ON, Canada

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