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Craig Byrne



Byrne Craig
Craig Byrne



Craig is a partner based in our Milan office. Craig's practice is focussed on finance (in particular capital markets) and bank regulatory. He has acted as counsel to investment banks, lenders and issuers in connection with a variety of finance transaction types, such as private placement transactions, convertible and exchangeable bonds and capital securities for banks and insurance companies. He also acts on liability management exercises for corporates and banks, including the debt for equity swap carried out by National Bank of Greece in November/December 2015 and the liability management exercise carried out by Monte dei Paschi di Siena in November/December 2016. In addition, Craig advises on the establishment and maintenance of Euro and Global Medium Term Note Programmes, issues (including structured issues) under Medium Term Note Programmes. He also advises on certain banking regulatory matters and has also been involved in a number of international equity transactions.

Recognised as a leading lawyer by Chambers & Partners, IFLR 1000 and Legal 500 for debt capital markets in Italy, clients say he is “able, even in the most stressful moments, to stay calm and find pragmatic solutions.” Legal500 EMEA 2019 (Capital Markets: Italy)

He is excellent on bank capital and regulation around that.” Chambers Europe & Global 2018 (Capital Markets: Italy)

News & insights

Publications: 13 DECEMBER 2019

Key Regulatory Topics: Weekly Update 29 November 2019 to 5 December 2019

Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector. 

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Publications: 12 DECEMBER 2019

What is the direction of travel of European pre-insolvency reforms?

Associates Musonda Mutati and Harini Viswanathan have authored an article for Butterworths Journal of International Banking and Financial Law, highlighting the differences between the European and proposed UK reforms.

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Brexit day 1 readiness for European banks and investment firms

Publications: 15 OCTOBER 2019

Brexit day one readiness for European banks and investment firms: risk, legal and compliance changes for EU firms under EU law

We examine some of the ways in which a hard Brexit will affect the EU legal and regulatory obligations of EU financial services firms facing or using UK clients/counterparties/market infrastructure.

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Publications: 27 DECEMBER 2017

The Italian 2018 Budget Law Provides Sets Stage for Banks to issue Senior Non Preferred Notes

​Earlier today, the Italian Parliament approved the Italian Budget Law for the year 2018 (the 2018 Budget Law), which provides, inter alia, for amendments to Italian Legislative Decree no. 385 of 1 September 1993 (the Italian Banking Act) and to Italian Legislative Decree no. 58 of 24 February 1998 (the Italian Financial Services Act) aimed at permitting the issue by Italian banks of "non preferred" senior liabilities (Italian SNP), introducing a category of "second level unsecured debt instruments" ranking, in the insolvency or resolution of an Italian bank, directly below its senior unsubordinated liabilities, including senior unsubordinated notes but above all subordinated claims (including in respect of Tier 2 instruments and additional Tier 1 instruments) and shares.

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Admitted as Avvocato Stabilito, Italy, 2005

Admitted as solicitor, England and Wales, 2002

Admitted as barrister, British Columbia, Canada, 1997


LLB, Osgoode Hall Law School, 1996

BA, The University of British Columbia, 1991