Subscríbe
to our weekly newsletter

Your Name

Your eMail

published NOVEMBER 02, 2009

Freshfields advises Barclays on £226m acquisition of Standard Life Bank

International law firm Freshfields Bruckhaus Deringer has advised Barclays Bank PLC ('Barclays') on its acquisition of Standard Life Bank Plc from Standard Life Plc ('Standard Life') for a consideration of £226m, payable in cash upon completion. Under the terms of the transaction, Barclays will acquire a savings book of approximately £5.5bn, as at 30 June 2009, and a mortgage book with outstanding balances of approximately £8.8bn, as at 30 June 2009, with an average indexed loan to value ratio of 48% at that date. Led by corporate partner Claire Wills, Freshfields fronted a multi-practice team to advise the Barclays Corporate Legal team of Matthew Dobson, Head of Corporate Legal, Khasruz Zaman, Principal Legal Counsel and Anna Wyse, Legal Counsel. The Freshfields team consisted of: Corporate Philip Richards (partner) Natasha Good (partner) James Smethurst (partner) George Swan (senior associate) Sarah-Jane Mulryan (associate) David Sugden (associate) Jamile Ferreira (associate) Ned Staple (associate) EPB Nicholas Squire (partner) Holly Insley (associate) Real Estate Naomi Ives (associate) Finance Christopher Barratt (partner) Andrew Dodds (associate) IP/IT Lindsey Canning (senior associate) Stuart Goldberg (senior associate) Laurence Kalman (associate) Jonathan Kewley (associate) Tax David Taylor (partner) Faye Klempka (associate) Maclay Murray & Spens LLP advised Barclays as to Scots law