HM Treasury - Administration of Heritable Bank and Transfer of its Retail Deposit Book to ING

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Slaughter and May acted as advisers to HM Treasury, working closely with Treasury Legal Advisers, in connection with the administration of Heritable Bank plc (a subsidiary of the Icelandic bank Landsbank Islands hf) and the transfer of Heritable Bank’s retail deposit book to ING Direct N.V. The transfer was made pursuant to orders under the Banking (Special Provisions) Act 2008.

Slaughter and May are also acting as advisers to HM Treasury in connection with certain issues concerning Landsbanki Islands hf itself, which has been placed into a special receivership regime in Iceland. Landsbanki Islands hf operates in the United Kingdom through a branch and trades under the "Icesave" retail brand.

Corporate Recovery and Insolvency/Financing: George Seligman (partner), Sarah Paterson (partner), Andrew McClean (partner), Andrew Balfour (partner), Peter Joliffe (partner), Guy O’Keefe (partner), Matthew Tobin (partner), Richard Jones (associate), Sophie Pate (associate), James Morgan (associate), Tom Vickers (associate);

Corporate: Charles Randell (partner), John Papanichola (partner), Stephen Coleman (associate), Charlotte Saunders (associate), Tim Persson (associate);

Dispute Resolution: Elizabeth Barrett (partner), Caroline Edwards (associate), David Cracknell (associate);

Financial Regulation: Ben Kingsley (partner)