Hogan Lovells and Bingham McCutchen have taken lead roles on the €2.3bn (£1.9bn) restructuring of Straumur, one of the raft of Icelandic banks taken into government hands last year as a result of the country's financial crisis. Straumur was nationalised in March 2009 after aggressive expansion in Europe during the credit bubble led to losses of almost €700m (£640m) in 2008.
September 15, 2010 at 07:33 PM
1 minute read
The original version of this story was published on Legalweek
Hogan Lovells and Bingham act on successful Straumur workout
Hogan Lovells and Bingham McCutchen have taken lead roles on the €2.3bn (£1.9bn) restructuring of Straumur, one of the raft of Icelandic banks taken into government hands last year as a result of the country’s financial crisis.
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