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DEPARTMENT PROFILE

Russell McVeagh

Banking & Finance

5 ranked lawyersBand 1New ZealandAsia-Pacific 2022 View ranking table
chambers review
department information
Ranked Lawyers
chambers review
department information
Ranked Lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Russell McVeagh has a leading Auckland-based transactional and regulatory practice across the full range of banking and financing arrangements in New Zealand. Acts on major infrastructure financings and has noteworthy expertise in bond issuances, refinancings and acquisition financing mandates. Frequently acts for lenders on securitisations. Offers strong corporate financing capability, as well as servicing clients in substantial debt restructuring. Key clients include Scentre Group, Callaghan Innovation and Kiwibank.

Strengths

"The quality of the advice received was a real standout," remarks a client, adding: "Russell McVeagh took the time to understand our business, what our objectives were, and then provided advice on the best way to approach the financing structure."

One client finds the team "very responsive, accurate and personable," with another further admiring its "solid, pragmatic advice."

Work highlights

Russell McVeagh advised the New Zealand Bankers' Association on setting up the NZD6.25 billion Business Finance Guarantee Scheme jointly with the New Zealand government.

Notable practitioners

David Weavers continues to serve an enviable client list which includes a number of multinational and New Zealand-based banks. Drawing on experience working for multinational firms in London, he offers significant insight into cross-border financings.

Deemple Budhia is very well established in the DCM sphere and offers clients significant experience on securitisation, covered bonds and derivatives transactions. She counts an impressive list of major New Zealand and regional banks among her clients. One client endorses her "technical legal and analytical skills," adding that she is "really good at focusing on the main points and giving clear advice."

Guy Lethbridge is Russell McVeagh's national practice group chair and is widely viewed as a prominent figure with an enviable track record on capital markets transactions. He offers significant experience on debt and hybrid bond issuances as well as securitisation and derivatives mandates.

John Powell is particularly highly rated for his work on corporate financings and debt restructuring mandates. He acts for a range of domestic and multinational clients, with one describing him as "incredibly knowledgeable" and asserting: "He is also always looking to bring new ideas or have challenging or thought provoking discussions."

Tom Hunt is a rising star at Russell McVeagh and is making a name for himself in the New Zealand finance market. He is admired for his adept handling of corporate financing transactions and debt capital markets mandates, with one client describing him as a "commercial person who understands our needs."

Department Information

This content is provided by Russell McVeagh.

Overview

Our Banking and Finance team are long-time trusted advisors to major banks, lenders, financial institutions, and other participants in the banking and finance sector. With considerable specialist knowledge and experience, we also act for global and regional private equity sponsors and a number of New Zealand's largest corporates.

Our team is well known for our leadership in crafting complex, market-leading transactions for prominent financial institutions and corporations, and for our close relationships with the Financial Markets Authority, Reserve Bank of New Zealand, Treasury, and other industry bodies.

We also play an important role helping our clients navigate the challenges posed by increased regulation, technological disruption, and greater public scrutiny.

Our team advises on all aspects of New Zealand law that apply to borrowers and lenders in the bank and mezzanine loan markets, the delivery of complex projects, the entry into and operation of derivative contracts, and the regulation and delivery of financial services.

Our specialist areas of expertise include:

  • Debt Capital Markets.
  • Leveraged and other acquisition financing.
  • Sustainable and green finance.
  • Takeover finance.
  • Securitisations and repackaging transactions.
  • Structured derivatives.
  • Restructuring & Insolvency.
  • Projects and asset finance.
  • FinTech.

Clients

ANZ Bank, New Zealand

ASB Bank Limited, New Zealand

BNZ Bank New Zealand

Guardians of New Zealand Super Fund

Heartland Bank, New Zealand

IAG, New Zealand

Kiwibank, New Zealand

Ministry of Business, Innovation and Employment

New Zealand Local Government Funding Agency Limited

NZ Bankers' Association

Westpac New Zealand Limited, New Zealand

Industries

Banks

Education

Energy

Financial Services

Forestry and Paper

Government

Health Care

Insurance

Real Estate

Telecommunications

Utilities

Banking & Finance

Russell McVeagh

firm
Location

Level 30, Vero Centre,

48 Shortland Street,

PO Box 8

DX CX10085

Auckland City

Auckland

New Zealand

1140

View Firm Profile

Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

New Zealand

Banking & Finance


David Weavers
Up and Coming
Deemple Budhia
Band 1
Guy Lethbridge
Eminent Practitioners
John Powell
Band 2
Tom Hunt
Up and Coming