b'We served as U.S. counsel to National Bank of Canada in its acquisition of Canadian Western Bank (CWB) an innovative, cross-border share exchange transaction valued at approximately US$5 billion that positions National Bank among the largest banks in Canada.Total deal size:The Cross-Border ChallengeUS$3.1 billion Cross-border bank mergers are rare. Here, the complexity lay not only in size C$1.5 billionand structure but in the large base of equity raise U.S. shareholders in both institutions. National Bank needed to issue freely First SEC Form F-80transferable stock to U.S. holders filing since 2018 of CWB shares without triggering Exchange Act reporting obligationsan uncommon feat requiring careful navigation of U.S. securities laws and coordination with Canadian counsel, McCarthy Ttrault.27'