Frank Palmay

Partner


Toronto

Tel : 416.307.4037
Fax : 416.865.7048

Email : frank.palmay@mcmillan.ca
VCard : vcard

Professional Activities

  • Partner as of 1981

Frank Palmay is a partner in the firm's Toronto office. Frank's practice consists of general corporate and commercial law with particular emphasis on insurance matters, health, technology and mining exploration. In the insurance area, Frank has advised on insurance and reinsurance company acquisitions, domestications and reorganizations; policy drafting and review and regulatory approvals; direct marketing; strategic planning and coverage issues. For a number of years, Frank has also advised several organizations in the not for profit and in the health care sector, providing counsel on a wide range of areas including governance, and general commercial matters.

In the mining sector, Frank Palmay has advised on exploration and mining projects in Canada, the United States, Ecuador, Cuba, Iceland, Greenland and Kazakhstan. Frank also has advised venture capital companies, Crown corporations, manufacturers and research companies on technology and commercial matters.

Special Recognition

  • Listed in The Best Lawyers in Canada 2012 as a leader in Corporate Law and Insurance Law
  • Practical Law Company's PLC Cross-border Insurance and Reinsurance Handbook 2010 as a recommended practitioner
  • Received an "AV" Peer Review Rating, the highest rating awarded from Martindale-Hubbell

Memberships

  • Association of Professional Engineers of Ontario
  • Hungarian Canadian Bar Association (Founding Member)
  • Ultimate Corporate Counsel Guide Customer Advisory Board Member
  • Canadian Bar Association
  • Ontario Bar Association

Directorships

Frank Palmay is currently a director and a member of the Corporate Governance Committee of Omega General Insurance Company.

Frank previously served as a Trustee of Bloorview Kid's Rehab (formerly Bloorview MacMillan Children's Centre), and was Chair of its Governance Committee and a member of its Executive and Research Committees; was formerly a director and chair of Providence Centre (hospital and home for the aged); and was a founding member of Save the Mothers a charity devoted to partnering to improve the lives of mothers in the developing world.

Teaching Engagements

Frank frequently writes and lectures on insurance, risk management and corporate governance and has lectured on engineering, environmental and nuclear law, law office management and corporate matters.

Representative Transactions

Frank Palmay has acted in the following regulatory insurance, corporate insurance, mining, health, commercial, and technology matters:

  • Frank oversees the firm's collaboration with Ethidex Inc.'s offering of Risk Manager® a web based risk management and legislative compliance tool for insurance companies
  • Acted as Canadian regulatory counsel for a European based insurer in the sale of its worldwide reinsurance business for US$1.6 billion   
  • Acted for The Royal Conservatory of Music on its joint venture with Carnegie Hall to establish The Carnegie Hall Royal Conservatory Achievement Program throughout the United States 
  • Advised an Ontario hospital on coverage issue arising from a c-dificile breakout
  • Acted for BBM Canada on its joint venture with Nielsen Media Research to form BBM Nielsen Inc., which eliminated the duplication of television audience data collection in Canada
  • Acted for a Canadian property and casualty insurer in its post-acquisition reorganization of a nationwide insurer
  • Since their inception, Frank has been responsible for leading the firm team in its representation of a number of the Community Care Access Centres in the greater Toronto region for whom we are now general counsel providing advice on a wide range of areas including governance, RFP's, employment/labour matters, service and privacy issues and general commercial matters
  • Advised the Ontario primary health care doctors on the implementation of Ontario's first tele-health initiative and worked closely with the Ontario Medical Association and the Ontario Ministry of Health and Long Term Care
  • Represented three Ontario acute care hospitals and a university on matters related to the liquidation of Confederation Life

publications and presentations

Frank, on behalf of Lang Michener and in partnership with the Ontario Ministry of Economic Development and Trade, organized the IPG (formerly EU-LEX) International Practice Group 2005 Fall Conference in Toronto.

May 2012
Fraud and Misconduct by Financial Intermediaries
Article written by Frank Palmay & Assunta Di Lorenzo
September 06, 2011
one more 'brick' for the boundary wall of insurance
International Law Office
June 07, 2011
Ban on using credit scores for insurance widens and deepens
International Law Office
May 31, 2011
When supply chains break - Japan 2011
International Law Office


  • business law
    • charities & not for profit
    • corporate
    • corporate governance
    • mergers & acquisitions
  • insurance
    • corporate insurance
    • products for the insurance industry
    • regulatory
  • mergers & acquisitions
  • financial institutions / financial services
    • financial institutions
    • financial services
    • insurance
  • health care & life sciences
    • biotechnology / medical technology
    • health care
  • insurance
  • mining / natural resources
Called to the Ontario bar - 1978

University of Toronto, JD - 1976

University of Sussex, M.Phil. (Biomedical Engineering) (Commonwealth Scholar), - 1974

University of Toronto, B.A.Sc. (Engineering Science) (Gold Medal) - 1972