First acquisition of a Spanish savings bank by a commercial bank
Originality
6
Rationale
6
Impact
7
Total
19
Description
Structuring the segregation of the good and bad assets of Caja de Ahorros de Castilla La Mancha ahead of it being taken over required the firm to push for a change in the law
Solution was developed to solve the liability issues threatening to prevent the RBS-Santander-Fortis consortium splitting up the €500bn ($643bn) Dutch bank. It involved the firm aligning different European interests over the terms of the split
Overcame intellectual property hurdles preventing the sale and transfer of the Swedish brand to Chinese ownership. Playing a primary role, the firm had to strike a balance between alleviating the seller’s concerns and enabling Geely to run the Volvo business
