Business Transfers, Establishing and Restructuring
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“Slaughter and May was strongly praised by the market this year, with one client describing the firm as 'terribly good', adding: 'Their lawyers have a breadth of knowledge that you just don't come across very much in other firms.' Another client commented: 'They are better trained than many of their counterparts, with lower associate turnover'”
IFLR 1000, 2008
We are regularly involved in the consolidation and reorganisation of regulated entities in the financial services sector and have acted on many business transfers under the FSMA regime in both the banking and insurance industries.
As well as larger reorganisations, we advise Financial Institutions on individual applications and on the requirements for authorisation to carry on investment, banking and insurance business in the UK. We regularly advise on cross-border concerns, including the establishment of authorised subsidiaries in the UK, the registration of branches and inward and outward EEA passporting rights.
We have considerable experience in the Insurance sector and advised on the first of the recent insurance company demutualisations and have since been involved in many of the subsequent demutualisations and flotations, including Canada Life, Colonial Mutual, Irish Life, Norwich Union, Old Mutual and Standard Life.
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