Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 26-10-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | Allianz SE/HSBC Bancassurance Distribution Agreement | Industry: | Financial Services |
| Description: |
Slaughter and May advised Allianz SE, the global financial services provider, on a 10-year exclusive bancassurance distribution agreement with HSBC for life insurance in Asia. Allianz life insurance products will be distributed by HSBC in China, Indonesia, Malaysia, Australia, Sri Lanka and Taiwan, with life insurance products provided by strategic partners of Allianz in Brunei and the Philippines. The upfront cash consideration by Allianz amounts to US$100.5 million.
Corporate and Commercial: Craig Cleaver (partner), Michael Binning (associate); IP/IT: David Ives (partner), Oliver Savage (associate); Tax: Sara Luder (partner), Gregory Price (associate).
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Joint Venture Party | Law Firm | Slaughter and May |
| JV Party Jurisdiction | United Kingdom,Germany | JV Party Jurisdiction | United Kingdom |
| Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Craig Cleaver |
