Practice Areas - Corporate and M&A Law Firms and Lawyers
Deal Date: | 27-05-2011 | Practice Area: | Corporate and M&A |
Deal Title: | Standard Chartered/Agricultural Bank of China Co-Operation Agreement | Industry: | Banks |
Description: |
Slaughter and May, Hong Kong, advised Standard Chartered Bank on a strategic cooperation framework agreement with the Agricultural Bank of China.
On 02 November 2010, Standard Chartered signed a non-binding strategic cooperation framework agreement with the Agricultural Bank of China. The parties had entered into a memorandum of understanding in June 2010. The strategic cooperation framework agreement was entered into following high level discussions between the parties and provides for further steps to implement and facilitate cooperation, more detailed plans for cooperation in a number of business areas and the formation and division of responsibilities of working groups of both parties.
Standard Chartered PLC is a leading international bank, listed on the London and Hong Kong stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East.
Benita Yu (partner), Jing Chen (associate), Sylvia Wong (associate).
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Financial Center: | Hong Kong | Value: | 0.00-100.00 |
Advised Party: | Joint Venture Party | Law Firm | Slaughter and May |
JV Party Jurisdiction | United Kingdom | JV Party Jurisdiction | China |
Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Benita Yu |