Cleary Gottlieb Steen & Hamilton, Bredin Prat and former Clifford Chance (CC) partner Yves Herinckx have all advised on stricken bank Dexia’s latest €5.5bn (£4.4bn) bailout by France and Belgium. The struggling Franco-Belgian lender, which was the subject of earlier rounds of recapitalisation in 2008 and 2011, will receive 53% - €2.9bn (£2.3bn) - of funds from Belgium and the remainder from France.
November 13, 2012 at 08:33 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton, Bredin Prat and former Clifford Chance (CC) partner Yves Herinckx have all advised on stricken bank Dexia’s latest €5.5bn (£4.4bn) bailout by France and Belgium.
The struggling Franco-Belgian lender, which was the subject of earlier rounds of recapitalisation in 2008 and 2011, will receive 53% – €2.9bn (£2.3bn) – of funds from Belgium and the remainder from France.
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