HM Treasury - Financial Support to the Banking Industry

List of all recent work 

Slaughter and May are acting as advisers to HM Treasury, working closely with Treasury Legal Advisers, in connection with the action taken by the Government to implement the measures it had announced on 08 October, 2008 to make investments in the capital of UK banks and building societies to help stabilise their position and support the long term strength of the economy.

In particular, Slaughter and May are acting as advisers to HM Treasury in relation to capital investments in The Royal Bank of Scotland, and upon successful merger, HBOS and Lloyds TSB, totalling £37 billion.

Slaughter and May are also acting as advisers to HM Treasury in relation to the Government’s 2008 Credit Guarantee Scheme for UK incorporated banks and UK building societies.

Bank recapitalisation:

Corporate: Nigel Boardman (partner), Charles Randell (partner), Nilufer von Bismarck (partner), Robin Ogle (partner), David Watkins (partner), John Papanichola (partner), Tim Pharoah (partner), Paul Dickson (associate), Michael Corbett (associate), Adam Eastell (associate), Tom Carey (associate), Tim Persson (associate), Matthew Poxon (associate), Stephen Coleman (associate), Charlotte Saunders (associate);

Financing: Peter Jolliffe (partner), Sanjev Warna-kula-Suriya (partner), Matthew Tobin (partner), Robert Byk (partner), Giles Belsey (associate), Jonathan Gilmour (associate), Oliver Wicker (associate);

Competition: William Sibree (partner), Isabel Taylor (partner);

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

Financial Regulation: Ruth Fox (partner), Ben Kingsley (partner);

Tax: Graham Iversen (partner)

Penisons: Sandeep Maudgil (partner)

Credit Guarantee scheme:

Marc Hutchinson (partner), Matthew Tobin (partner)