International Financial Law Review recognized Davies for our work on the "M&A Deal of the Year" at the IFLR Americas Awards 2022.

Davies acted as Canadian counsel to Kansas City Southern on its US$31-billion merger with Canadian Pacific Railway – the largest Canadian cross-border deal in 2021 – to create the first U.S.-Mexico-Canada rail network.

The team advising on the transaction included Vincent A. Mercier, Robin Upshall and Andrew Mihalik (Corporate; Mergers and Acquisitions);Mark C. Katz and Dajena Pechersky (Competition, Antitrust and Foreign Investment); Paul Lamarre (Tax); and Seann D. McAleese (Labour, Employment and Executive Compensation).