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Brookfield Renewable Energy Partners L.P. – ‘F-3ASR’ on 7/17/14 – EX-5.1

On:  Thursday, 7/17/14, at 5:08pm ET   ·   Effective:  7/17/14   ·   Accession #:  1104659-14-52045   ·   File #:  333-197485

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/17/14  Brookfield Renewable Energy P… LP F-3ASR      7/17/14    3:275K                                   Merrill Corp-MD/FA

Automatic Shelf Registration Statement for Securities of a Well-Known Seasoned Foreign Private Issuer   —   Form F-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-3ASR      Automatic Shelf Registration Statement for          HTML    146K 
                          Securities of a Well-Known Seasoned                    
                          Foreign Private Issuer                                 
 2: EX-5.1      Opinion re: Legality                                HTML     35K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML      7K 


EX-5.1   —   Opinion re: Legality


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 5.1

 

Bermuda Office

Appleby (Bermuda) Limited (the Legal

Appleby (Bermuda)

Practice) is a limited liability company

Limited

incorporated in Bermuda and

Canon’s Court

approved and recognised under the

22 Victoria Street

Bermuda Bar (Professional

PO Box HM 1179

Companies) Rules 2009. “Partner” is

Hamilton HM EX

a title referring to a director,

Bermuda

shareholder or an employee of the

 

Legal Practice. A list of such persons

Tel +1 441 295 2244

can be obtained from your

Fax +1 441 292 8666

relationship partner.

 

 

applebyglobal.com

 

 

The Brookfield Renewable Energy

Email jbodi@applebyglobal.com

Partners L.P.

 

73 Front Street

Direct Dial +1 441 298 3240

Hamilton Bermuda

Tel +1 441 295 2244

HM 11

Fax +1 441 298 3398

 

 

 

Your Ref

 

 

 

Appleby Ref 00000.0000/JB

 

 

 

By Email and Courier

 

17 July 2014

 

Ladies and Gentlemen

 

Brookfield Renewable Energy Partners L.P.

 

We have acted as legal advisers as to matters of Bermuda law to Brookfield Renewable Energy Partners L.P., a limited partnership organized under the laws of the Islands of Bermuda (the Partnership). We have been requested to render this opinion in connection with the filing by the Partnership of an automatic shelf registration statement on Form F-3 (Reg. No. 333-    ) (the Registration Statement), with the Securities and Exchange Commission (the SEC) pursuant to the Securities Act of 1933, as amended (the Securities Act), and the rules and regulations promulgated thereunder, relating to limited partnership units (the Unissued Units) to be issued from time to time pursuant to  Rule 415 under the Securities Act.

 

For the purposes of this opinion we have examined and relied upon the documents listed (which in some cases, are also defined) in the Schedule to this opinion (the Documents).

 

1.                                 ASSUMPTIONS

 

In stating our opinion we have assumed:

 

(a)                       the authenticity, accuracy and completeness of all Documents submitted to us as originals and the conformity to authentic original Documents of all Documents submitted to us as certified, conformed, notarised or photostatic copies

 

(b)                       the genuineness of all signatures on the Documents

 

(c)                        the authority, capacity and power of persons signing the Documents

 

Bermuda · British Virgin Islands · Cayman Islands · Guernsey · Hong Kong · Isle of Man · Jersey · London · Mauritius · Seychelles · Shanghai · Zurich

 



 

(d)                       that any representation, warranty or statement of fact or law, other than the laws of Bermuda made in any of the Documents, is true, accurate and complete;

 

(e)                        that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would have any implication in relation to the opinions expressed herein;

 

(f)                         that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would be contravened by any actions taken by the Partnership in connection with the Registration Statement or which would have any implication in relation to the opinion expressed herein and that, in so far as any obligation under, or action to be taken under, the Registration Statement is required to be performed or taken in any jurisdiction outside Bermuda, the performance of such obligation or the taking of such action will constitute a valid and binding obligation of each of the parties thereto under the laws of that jurisdiction and will not be illegal by virtue of the laws of that jurisdiction;

 

(g)                        that the Resolutions are in full force and effect, have not been rescinded, either in whole or in part, and accurately record the resolutions passed by the Board of Directors of the General Partner on behalf of the Partnership in meetings which were duly convened and at which a duly constituted quorum was present and voting throughout and that there is no matter affecting the authority of the Directors to effect the listing of the Units on behalf of the Partnership, not disclosed by the Limited Partner Documents or the Resolutions, which would have any adverse implication in relation to the opinions expressed herein;

 

(h)                       that the records which were the subject of the Searches were complete and accurate at the time of such searches and disclosed all information which is material for the purposes of this opinion and such information has not since the date of the Searches been materially altered.

 

2.                                 OPINION

 

Based upon and subject to the foregoing and subject to the reservations set out below and to any matters not disclosed to us, we are of the opinion that:

 

(1)                                      The Partnership is an exempted limited partnership established and existing under the laws of Bermuda. The Partnership possesses the capacity to sue

 

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and be sued in its own name and is in good standing under the laws of Bermuda.

 

(2)                                      When duly authorized, allotted, issued and fully paid for pursuant to the terms of the Resolutions and in accordance with the terms and conditions referred to or summarized in the Prospectus and the Registration Statement and in any Prospectus Supplement or other document to be filed by amendment or as an exhibit to a document filed under the Securities Exchange Act of 1934, as amended, and incorporated in the Registration Statement by reference, the Unissued Units will be validly issued, fully paid and non-assessable units of  the Partnership.

 

3.                                 RESERVATIONS

 

We have the following reservations:

 

(a)                                      We express no opinion as to any law other than Bermuda law and none of the opinions expressed herein relates to compliance with or matters governed by the laws of any jurisdiction except Bermuda. This opinion is limited to Bermuda law as applied by the courts of Bermuda at the date hereof.

 

(b)                                      Where an obligation is to be performed in a jurisdiction other than Bermuda, the courts of Bermuda may refuse to enforce it to the extent that such performance would be illegal under the laws of, or contrary to public policy of such other jurisdiction.

 

(c)                                       Any reference in this opinion to Unissued Units being “non-assessable” shall mean, in relation to fully-paid Units of the Partnership and subject to any contrary provision in any agreement in writing between the Partnership and the holder of Units, that: no holder shall be obliged to contribute further amounts to the capital of the Partnership, either in order to complete payment for their Units, to satisfy claims of creditors of the Partnership, or otherwise.

 

(d)                                      Searches of the Register of Companies at the office of the Registrar of Companies are not conclusive and it should be noted that the Register of Companies and the Supreme Court Causes Book do not reveal:

 

(i)                                     details of matters which have been lodged for filing or registration which as a matter of best practice of the Registrar of Companies or the Registry of the Supreme Court would have or should have been

 

3



 

disclosed on the public file, the Causes Book or the Judgment Book, as the case may be, but for whatever reason have not actually been filed or registered or are not disclosed or which, notwithstanding filing or registration, at the date and time the search is concluded are for whatever reason not disclosed or do not appear on the public file, the Causes Book or Judgment Book

 

(ii)                                  details of matters which should have been lodged for filing or registration at the Registrar of Companies or the Registry of the Supreme Court but have not been lodged for filing or registration at the date the search is concluded

 

(iii)                               whether an application to the Supreme Court for a winding-up petition or for the appointment of a receiver or manager has been prepared but not yet been presented or has been presented but does not appear in the Causes Book at the date and time the search is concluded;

 

(iv)                              whether any arbitration or administrative proceedings are pending or whether any proceedings are threatened, or whether any arbitrator has been appointed; or

 

(v)                                 whether a receiver or manager has been appointed privately pursuant to the provisions of a debenture or other security, unless notice of the fact has been entered in the Register of Charges in accordance with the provisions of the Act.

 

(e)                                       The Limited Partnership Act 1883 (the Act) provides that a limited partner shall be liable as a general partner if he takes part in the management of the partnership.

 

(f)                                        A limited partner is liable to the Partnership, or to its creditors, for any amount in respect of such limited partner’s contribution to the Partnership to the extent such contribution has not been contributed in full, or to the extent such contribution is either released or returned to the limited partner contrary to the restrictions on reductions of capital contained in the Act.

 

(g)                                       A limited partner is liable for damages on account of misrepresentation in respect of false statements contained in the certificate of limited partnership, any supplementary certificates or certificate of cancellation in respect of the Partnership, to the extent a limited partner signed such

 

4



 

certificate, or caused another to sign it on his/her behalf, and knew such statement to be false at the time of signature.

 

(h)                                      Every partner of the Partnership who is guilty of any fraud in the affairs of the Partnership shall be liable civilly to the party injured to the extent of his damage and shall be liable for penalties applicable to offences committed against the Act.

 

4.                                 DISCLOSURE

 

This opinion is addressed to you in connection with the registration of the Unissued Units with the SEC and is not to be made available to, or relied on by any other person or entity (other than the Unitholders as referenced in the Registration Statement), or for any other purpose, nor quoted or referred to in any public document nor filed with any governmental agency or person (other than the SEC in connection with the Registration Statement), without our prior written consent except as may be required by law or regulatory authority.  We consent to the filing of this opinion as an exhibit to the Registration Statement of the Company.

 

This opinion is governed by and is to be construed in accordance with Bermuda law. It is given on the basis that it will not give rise to any legal proceedings with respect to it in any jurisdiction other than Bermuda. Further, this opinion speaks as of its date and is strictly limited to the matters stated in it and we assume no obligation to review or update this opinion if applicable law or the existing acts or circumstances should change.

 

Yours faithfully

 

 

/s/ Appleby (Bermuda) Limited

 

5



 

SCHEDULE

 

1.                                           The entries and filings shown in respect of the Partnership and of Brookfield Renewable Partners Limited, the managing general partner of the Partnership, on the files of the Partnership and its managing general partner maintained in the Registrar of Companies at the office of the Registrar of Companies in Hamilton, Bermuda, as revealed by searches on 17 July 2014, and the entries and filings shown in respect of the Partnership and its managing general partner in the Supreme Court Causes book maintained at the Registry of the Supreme Court, Hamilton, Bermuda, as revealed by searches on 17 July 2014 (the Searches).

 

2.                                           Certified: copies of the amended and restated limited partnership agreement relating to the Partnership dated 20 November 2011 and of the Certificate of Registration, Limited Particulars and Exempted Particulars (the Limited Partnership Documents).

 

3.                                           Copy of the Minutes of the Meetings of the Board of Directors of the General Partner of the Partnership held on 1 May 2014 (the Resolutions).

 

4.                                           The Registration Statement.

 

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