Slaughter and May is advising Standard Chartered Bank (Hong Kong) on its virtual bank JV

Slaughter and May is advising Standard Chartered Bank (Hong Kong) Limited (SCBHK) on its strategic joint venture to build a new standalone digital retail bank in Hong Kong. The JV is among the first three successful applicants to have obtained a virtual bank licence from the Hong Kong Monetary Authority.

SCBHK will be the majority shareholder in the joint venture with a 65.1% shareholding, with PCCW Limited, HKT Limited and Ctrip.com (Hong Kong) Limited holding 10%, 15% and 9.9%, respectively.

Corporate
Clara Choi Partner
Ben Heron Partner
Esther Yee Counsel
Kevin Tso Associate
Financial Regulation
Peter Lake Partner
Competition
Natalie Yeung Partner
Jack Dickie Associate
IP
Richard McDonnell Associate
Daniel Owen Associate