Davies | Scott M. Tayne

Corporate/Commercial

Corporate Finance & Securities

Corporate Governance

Representative Work

Click above to view representative work

Business Law Section of the American Bar Association

Perspective - SEC Requires Registration of Hedge Fund Investment Advisers

Perspective - SEC Proposes Modifications to Registration, Communications and Offering Processes

Issue Profile: Proposed NYSE And Nasdaq Standards For Independent Directors

Issue Profile: Final SEC Rules For Audit Committee Financial Experts And Code Of Ethics Disclosure

Issue Profile: Use Of Non-GAAP Financial Information

New York Bar, 1977
New Jersey Bar, 1992

State University of New York at Stony Brook, B.A., 1973
Columbia University Law School, J.D., 1976

Scott Tayne is a partner practising in the area of corporate and securities law in the New York office. His practice focuses on cross-border securities transactions, U.S. private and public offerings, corporate governance and private investment funds.

Scott has acted for several leading Canadian investment banking firms in connection with Rule 144A offerings in the United States, as well as represented Canadian and U.S. issuers in other public and private securities offerings in the United States. He has provided corporate governance advice to U.S. and Canadian public companies regarding Sarbanes-Oxley and stock exchange compliance requirements. Scott has been involved in corporate transactions for U.S. clients and has played a significant role in organizing and preparing offering memoranda and related documentation for hedge funds in the United States.

Representative Work

Acted for Khan Resources Inc. completing a public offering of 8,150,000 common shares at a price of $3.70 per share for gross proceeds of $30,155,000.
Acted for Scotia Capital Inc., GMP Securities L.P., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Desjardins Securities Inc. and National Bank Financial Inc. when Cogeco Cable issued 5,000,000 subordinate voting shares for total proceeds of $192.5 million on a bought deal basis.
Acted for The Toronto-Dominion Bank, CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc. and Scotia Capital Inc. in the matter of Canada Housing Trust™ No. 1, a special purpose securitization trust, that issued 4.00% Canada Mortgage Bonds, Series 16 in an aggregate principal amount of $7.7 billion.
Represented a syndicate of underwriters in connection with a $5.5 billion offering by Canada Housing Trust No. 1 of bonds guaranteed by Canada Mortgage and Housing Corporation.

Recognition

AV highest ranking by Martindale-Hubbell.

Articles and Publications

Scott has written a number of articles, including client communications such as, "Perspective - SEC Requires Registration of Hedge Fund Investment Advisers" and "Perspective - SEC Proposes Modifications to Registration, Communications and Offering Processes". Scott has also written a number of Issue Profiles, including “Proposed NYSE And Nasdaq Standards For Independent Directors".

Speaking Engagements

Scott has spoken to a Canadian Senate Committee on Banking and Investment on the topic of U.S. Securities law.

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