Two New York firms have scored roles advising the UK Government on its £37bn plan to recapitalise three major banks, reports the Am Law Daily. Cravath Swaine & Moore and Davis Polk & Wardwell are advising HM Treasury on US securities laws and regulatory issues associated with the British Government's direct investments in The Royal Bank of Scotland, HBOS, and Lloyds TSB.Robbins Kiessling, the New York-based head of Cravath's banking practice, and London-based corporate and capital markets partner Philip Boeckman are advising the British Treasury with respect to US matters related to its preferred and common equity investments in the three banks.
October 14, 2008 at 11:34 AM
1 minute read
The original version of this story was published on Legalweek
Two New York firms have scored roles advising the UK Government on its £37bn plan to recapitalise three major banks, reports the Am Law Daily.
Cravath Swaine & Moore and Davis Polk & Wardwell are advising HM Treasury on US securities laws and regulatory issues associated with the British Government’s direct investments in The Royal Bank of Scotland, HBOS, and Lloyds TSB.
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