Carol Lyons

PartnerMcMillan LLPIn-House Counsel

Carol Lyons is a corporate/commercial lawyer and the emphasis of her practice is on transactional work. She advises clients on establishing businesses in Canada, mergers and acquisitions, corporate reorganizations, formation of strategic alliances (including divestment/outsourcing of business functions) and contract procurement, including requests for proposals (RFPs).

Carol Lyons is a corporate/commercial lawyer and the emphasis of her practice is on transactional work. She advises clients on establishing businesses in Canada, mergers and acquisitions, corporate reorganizations, formation of strategic alliances (including divestment/outsourcing of business functions) and contract procurement, including requests for proposals ("RFPs").

Carol specializes in working with clients in the insurance, health care and other regulated industries. Her practice includes assisting insurers and reinsurers with the regulatory approval process in the context of transactions and other corporate changes as well as advising on regulatory compliance generally. She also advises on corporate governance and pension law matters.

In 1993, Carol was seconded to IBM Canada Ltd. for one year as legal advisor to IBM Business Development.

Carol Lyons acted as corporate secretary for two property and casualty insurance companies from 1989 to 1994 and is currently chair and sits on various committees of a leading Canadian reinsurance company. She is also an advisory board member and audit committee member of an Ontario insurance reciprocal. Carol is a past board member of Learning Disabilities Association of Ontario and participates in other charitable boards.

Education

  • University of Toronto, J.D., 1987
  • University of Toronto, B.A., 1984

Bar Admission

  • Ontario, 1989

Experience

  • Routinely assisting corporations in a variety of industries/sectors with incorporation and licensing, mergers, acquisitions and divestitures, corporate reorganizations, jurisdictional changes as well as divestment/outsourcing of business functions
  • Regularly advising with respect to commercial contractual matters, including procurement of goods and services, formation of joint ventures and strategic alliances
  • Routinely assisting domestic and foreign insurance and reinsurance companies in connection with incorporation and licensing of Canadian subsidiaries, qualification, licensing, run-off and closure of Canadian branch operations as well as portfolio transfers, reorganizations and amalgamations
  • Advising insurers, reinsurers and insurance intermediaries with respect to statutory compliance and required regulatory approvals in a variety of contexts, including transactional and operational matters and related-party transactions
  • Reviewing and drafting reinsurance agreements (including assumption, indemnity and co-insurance)
  • Drafting and negotiating affinity arrangements

Associations

  • Chair, SCOR Canada Reinsurance Company
  • Past Director, Learning Disabilities Association of Ontario
  • Canadian Bar Association
  • Ontario Bar Association
  • Women's Law Network (Insurance Law)

Awards & Honours

  • Insurance & Reinsurance Lawyer of the Year (Canada), Corporate LiveWire Global Awards, 2015
  • Listed in Practical Law Company's PLC Cross-border Insurance and Reinsurance Handbook as a recommended practitioner in Insurance (non-contentious)