Paul Davis

PartnerMcMillan LLPIn-House Counsel

Paul has a practice focused on mergers and acquisitions, proxy fights, corporate governance, corporate finance, business restructuring and start-ups, and a broad range of securities and business law matters for both private and public issuers. His solid experience in securities and business law was gained through his years in the private sector as a lawyer specializing in mergers and acquisitions, head of investment banking at a Toronto based brokerage firm and a senior officer of public and private companies. He has also been on a secondment with the Ontario Securities Commission.

Paul has a practice focused on mergers and acquisitions, proxy fights, corporate governance, corporate finance, business restructuring and start-ups, and a broad range of securities and business law matters for both private and public issuers.

His solid experience in securities and business law was gained through his years in the private sector as a lawyer specializing in mergers and acquisitions; head of investment banking at a Toronto based brokerage firm; and a senior officer of public and private companies. He has also been on a secondment with the Ontario Securities Commission.

His extensive M&A and corporate finance background includes leading roles in the purchase and/or sale of numerous businesses (both public and private) and capital raising for public and private companies across a wide range of financial services, technology, natural resource and manufacturing businesses. He has also advised shareholders as well as boards of directors in connection with proxy fights. Paul is highly experienced in dealing with boards of directors, management teams and regulatory bodies. In addition, he has served as a director of ten public companies, including being Chair or a member of the audit, corporate governance and special committees.

As Co-Chair, Ontario of the China Practice Group, Paul leads and coordinates the firm's China Practice Group activities for McMillan in Ontario.

Paul is also a sessional instructor of a course titled "Contested Transactions" at Queen's University Faculty of Law.

Education

  • University of Toronto, LL.B., 1986

Bar Admission

  • Ontario, 1988

Experience

  • Acted for public company issuers and dissidents in numerous proxy fights (15 in the past 3 years)
  • Acted for various companies in several business segments in connection with M&A transactions involving public companies, including Israel Chemicals Ltd. in the approximately $164 million acquisition of Allana Potash Corp. and Petroflow Energy Corporation in the approximately $200 million USD acquisition of all the shares of Equal Energy Ltd., and a related $51 million defeasance of Equal Energy's outstanding listed debentures
  • Acted for issuers in numerous financings, including acting for Detour Gold Corporation in a $500 million USD private placement financing of convertible notes
  • Acted for public companies and independent directors thereof in connection with corporate governance matters, including acting for the independent directors of Generex Biotechnology Corporation
  • Acted for the Bank of Nova Scotia as administrative agent for a syndicate of lenders that included all six major Canadian banks, along with Desjardins, in negotiating a settlement of the lenders' $369 million loans to Yellow Media Inc. in connection with a $2.4 billion recapitalization transaction pursuant to a plan of arrangement under the Canada Business Corporations Act and a termination and settlement agreement with the lenders under Yellow Media's former credit agreement
  • Acted for several dissidents including a shareholder of Goldstone Resources Inc. in requisitioning a shareholders' meeting that resulted in requested changes to the board and has acted for institutional shareholders
  • Provided advice to issuers in several successful proxy fight defences, including the defence by Western Wind Energy

Awards & Honours

  • Best Lawyers in Canada (leading practitioner in the area of Corporate Law), 2016