332 6th Avenue SW, Suite 900 Calgary, AB, T2P 0B2
Carscallen LLP

Our Team

Our Team


David Sevalrud, ICD.D., K.C.




  • Bachelor of Commerce, University of Calgary, 1976
  • Bachelor of Laws, University of Calgary, 1983
  • Directors Education Program, Haskayne School of Business, 2009
  • ICD.D (Institute-certified Director), Institute of Corporate Directors, 2009
  • Not-for-Profit Directors Program, Haskayne School of Business, 2013

professional associations

  • Law Society of Alberta
  • Canadian Bar Association
  • Past Chair, Business Law Subsection of the Canadian Bar Association
  • Gas Processing Association of Canada
  • Canadian Energy Law Foundation
  • Governance Professionals of Canada
  • Institute of Corporate Directors
  • Association for Corporate Growth
  • Petroleum Joint Venture Association
  • Petroleum Acquisition and Divestiture Association
  • Lawyers Associated Worldwide

representative work

  • Assisting with restructuring of complex corporate and debt finance issues.
  • Advising technology, service corporations and agricultural organizations on corporate structure, shareholder agreements and corporate governance issues.
  • Drafting of tailored Drilling Contracts
  • Corporate Secretary of Midstream Corporation.
  • Acted for purchaser of Spyglass Assets from Receiver.
  • Assisted Midstream Management Team with start-up and private equity financing.
  • Provided independent advice to the board of directors of Opti in connection with their combined CCAA/CBCA process and sale to CNOOC for $2.2 billion.
  • Provided independent legal advice to the board of directors of a public junior oil & gas corporation with respect to material unauthorized transactions by a senior executive.
  • Provided independent legal advice to the board of directors of a private junior gas corporation in the context of an imminent receivership.
  • Provided independent advice to the board of directors of an intermediate oil sands corporation in connection with a $700 million sale of assets.
  • Provided independent legal advice to the board of directors of Planet Organic in the context of a CCAA restructuring.
  • Drafting and revising various documents for non-profits including bylaws, articles, role descriptions and terms of reference.
  • Advising on a broad range of governance issues for corporations and not-for-profit organizations.
  • Acted for an environmental services business in its sale to an environmental engineering corporation.
  • Advised a locally based cross border manufacturing business with respect to succession planning issues.
  • Acted for both sellers and buyers in the sale or purchase of engineering companies locally and internationally.
  • Acted for a private manufacturer of portable oil field accommodation to a private equity fund.
  • Acted for a private software services business in its sale to a public software provider.
  • Acted for the buyer of $180 million in oil & gas assets, partly as an asset purchase and partly by purchase of shares.
  • Negotiated and drafted numerous shareholder, partnership and joint venture agreements.
  • Acted for financial institutions in connection with financings for the purchase of real estate, conventional oil & gas financing and oil field services businesses.
  • Acted for an oil sands corporation in resolving oil sands lease tenure issues with the crown.
  • Negotiating farmout agreements and assists with the resolution of operating issues.

community involvement

  • President of Mountain View UCP Constituency Association
  • Member of Audit and Finance Committee, Law Society of Alberta
  • Former Member of Governance Committee, Law Society of Alberta
  • Former Director, Hockey Alberta, Hockey Calgary and McKnight Hockey
  • Former President, MS Society of Alberta
  • Former Director, MS Society of Canada

teaching & publications

  • Legal Risk Management for Directors and Officers of Not-For-Profit Corporations in Alberta (Legal Education Society of Alberta, 2013)
  • Real Estate Council of Alberta – Good Governance Practices 2013
  • Association of General Counsel of Alberta – Advising Boards in the Context of CCAA or CBCA Restructuring 2013
  • Role of General Counsel in Enterprise-wide Risk Management 2012 & 2013 (Canadian Bar Association – Charities Law Subsection)
  • Differences for Duties and Liabilities of Directors and Officers in Alberta for Not for Profit Corporations (Legal Education Society of Alberta 2012)
  • Federated Press – Establishing Good Corporate Governance Practices 2011
  • Canadian Board Diversity Counsel – Get on Board Program, Duties and Liabilities of Directors – Introductory, Intermediate and Advanced Courses over several years.
  • Shareholder Agreements - Drafting Considerations (Legal Education Society of Alberta 2007)
  • Selected Issues in the Context of the Assignment, Surrender and Termination of the Freehold Oil & Gas Lease (Insight Conference 1998)
  • Directors and Officers Conflicts of Interest (Canadian Bar Association – Business Law Subsection 1989)

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