Robert M. Scavone

Partner


Toronto

Tel : 416.865.7901
Fax : 416.865.7048

Email : rob.scavone@mcmillan.ca
VCard : vcard

Professional Experience Rob Scavone is a partner in the firm's Financial Services Group, where he practices business and financial services law and heads the firm's securitization practice. Rob advises major corporations, financial institutions, investment dealers and government agencies on structured finance, derivatives, securitization, secured debt financing and personal property security law in addition to more general corporate commercial matters. He has developed asset-backed commercial paper programs for financial institutions, and he regularly acts for purchasers, sellers, agents, underwriters, issuers and providers of liquidity and credit support in private and public securitizations, both cash and synthetic, involving a wide variety of asset classes. He has advised the Bank of Canada and the Department of Finance regarding the Canadian Lenders Assurance Facility and Canadian Life Insurers Assurance Facility guarantee programs and Canada's participation in the restructuring of Canadian third-party structured asset-backed commercial paper. Rob is ranked in the 2013 Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada as a leading lawyer in Banking & Financial Institutions, in the 2012 Canadian Legal Lexpert Directory as a "repeatedly recommended" leading practitioner in the fields of Banking & Financial Institutions and Derivative Instruments, and in The Best Lawyers in Canada as a leading lawyer in structured finance.

As a member of the firm's opinion committee, Rob regularly provides opinions on complex and novel legal issues. As an acknowledged authority on reform of the law of securities transfers, he has also been actively involved in the firm's broader Ontario business law reform initiative. Rob regularly speaks and publishes on such topics as restricted financial assistance, cash collateral security, auditors' liability guarantees, unanimous shareholder agreements, derivatives, securitization, legal drafting and securities transfer law. He has been a guest lecturer for the Osgoode Hall Law School LLM course in international finance and has co-taught the commercial law course at Osgoode.

publications and presentations
December 2012
Cash Collateral under the PPSA: the Case for Control
Canadian Business Law Journal
March 2012
Retreat from a Federal Securities Transfer Presence: Next Stage in the Development of the Canadian Securities Settlement System
Banking & Finance Law Review
December 2011
Bill S-5 (Financial System Review Act) will restore priority of bank act security over unperfected PPSA security interests
financial services bulletin
December 2011
implementation of reinsurance security agreements: an update and new guidance from OSFI
insurance bulletin


  • business formation and reorganization
  • financial services
  • insurance
  • natural resources

  • Canadian Bar Association
  • International Swaps and Derivatives Association, Inc.
  • Toronto Opinion Group
  • Chair, Personal Property Security Law Committee, Business Law Section, Ontario Bar Association
  • Fellow, American College of Commercial and Finance Lawyers
Called to the Ontario bar - 1987

University of Toronto, LLB - 1985

Yale University, M.Phil. - 1974

Johns Hopkins University, BA Phi Beta Kappa - 1971