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Bell Gully

Work +64 4 473 7777
Fax +64 4 473 3845
SX 11164
Auckland, Wellington

David Craig

Work +64 4 915 6839
Bell Gully

Work Department

Financial Services.


Banking and finance, Financial sector regulation, Derivatives, Debt capital markets, Securitisation, Structured finance, Acquisition finance, Asset finance, Project finance, Climate change, Overseas investment


​​​David advises on domestic and international banking and capital markets transactions and the regulation of financial products, services and markets in New Zealand. He specialises in advising on derivative transactions and their regulation.

His experience has included acting for both borrowers and lenders in transactions involving the provision of debt and equity finance to publicly listed companies, state-owned enterprises and statutory corporations. These transactions include club and syndicated loans, MTN and CP programmes, US private placements, private equity acquisitions, securitisations, capital note and hybrid capital instrument issues, and tax-effective structured financing.

David also advises banks, end-users and industry associations on swaps, futures, repos and other derivative instruments, including as the New Zealand counsel to the International Swaps and Derivatives Association, the International Capital Market Association and The Futures and Options Association, and acting for the New Zealand Bankers' Association in preparing documentation for the banking industry.

Admitted - 1990 New Zealand International Career: Cravath, Swaine & Moore, New York 1994-1995.


LLB(Hons), BCA, Victoria University of Wellington.

New Zealand

Banking and finance

Within: Leading individuals

David Craig - Bell Gully

Within: Banking and finance

Bell Gully is 'first class and has an exceptionally strong finance team that is commercial and responsive, and provides fantastic service'. 'The advice is always spot on, every time', remarks one client. Derivatives and structured finance partner David Craig in Wellington leads the practice, which calls on experienced partners in Auckland, including securitisation expert Murray King (who has 'unparalleled knowledge of the law and years of experience at the top'), debt restructuring specialist David McPherson (who is 'always very responsive and can turn his mind to any type of deal'), and special counsel Liz Lim (who handles both debt and equity funding matters). Lim and associate Fran Burley are 'excellent assets to the practice; both have great commercial acumen'. In Wellington, Hugh Kettle advises on major infrastructure projects and finance transactions, including property finance project finance, acquisition finance and the sale and purchase of debt portfolios. The firm's highlights in 2017 included advising Fletcher Building on a NZ$750m fundraising through an underwritten offer to shareholders, and acting for HNA Group in the financing of its NZ$660m acquisition of UDC Finance from ANZ Bank.

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