J. David Stewart

DAVID STEWART has a diversified cross-border debt and equity capital markets practice, including complex transactions involving publicly traded securities, both in the United States and internationally.

He handles the full spectrum of capital markets matters on behalf of issuers, sponsors, strategic investors, and major investment banks with a particular focus on:

• Public and private offerings of debt and equity
• Exchange offers
• Tender offers and debt consent solicitations
• Restructurings of public debt securities
• Public M&A transactions

David also represents companies with respect to general corporate and securities matters and is a trusted advisor in the board room.

David has received acknowledgement from a number of leading publications, including:

• Chambers UK 2026 – Ranked for Capital Markets: Debt where he is cited as “always extremely pragmatic and has decades of experience navigating unusual and tricky circumstances.”
• Legal 500 UK 2025 – Ranked as a leading partner for Capital Markets: Debt, where he is praised as “one of the strongest U.S. securities lawyers in the market.”
• Chambers UK 2025, Chambers Europe 2025, Chambers Global 2025 – Ranked for Capital Markets: Debt, where sources say that “He is very commercially minded and very client-friendly” and “...is very aware of all historic and current developments and is very business-oriented.”
• Chambers UK 2024 – Ranked for Capital Markets: Debt, where clients note that he “Consistently impresses with his ability to strike a balance between professionalism and approachability, which makes the legal process more comfortable and accessible.” 

Since 2013, David has advised underwriters, issuers, and other market participants on more than 300 transactions in the U.S. and EMEA equity and debt capital markets.

• Grab Holdings Ltd. on its strategic investment in Vay Technology GmbH.
• JSC Bank of Georgia on the GEL 450 million offering of 11.50% senior unsecured Notes due 17 November 2028.
• Cipher Mining Inc., a Nasdaq-listed leading developer and operator of industrial-scale data centers for bitcoin mining and HPC hosting, in a SEC-registered offering of US$172.5 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2030.

• David is a trustee for the Ghetto Film School of London.