Langlois Kronström Desjardins Involved in a Major Electric Bus Project
As announced a few days ago, the Québec government is contributing $30 million to an electric bus research and development project. The bus prototypes will be developed by a consortium of six companies: our client Nova Bus (a division of Volvo Group Canada Inc.), TM4, Bathium Canada, Giro, René Matériaux Composites and Précicad. The six companies will work together under the umbrella of the non-profit organization Consortium Bus Électrique, which was created specifically for this project.
This is a major file for Langlois Kronström Desjardins, represented by Richard Ramsay and Isabelle Toupin, involving several contractual mandates including the negotiation of the subsidy agreement with the Minister of Economic Development, Innovation and Export Trade, the drafting of an agreement among the six partners, the negotiation and drafting of a consortium agreement with one of the partners in connection with a subsidy from the federal government (SDTC), and negotiating and/or drafting several technology-transfer agreements. Our firm has also been mandated by Consortium Bus Électrique to act as its legal counsel.