Editorial

17 Nov 2015 UK Asset Resolution Sale of Northern Rock Portfolio

UK Asset Resolution Sale of Northern Rock Portfolio - UK Asset Resolution's sale of GBP13bn mortgages and unsecured loans from the legacy book of the Northern Rock mortgage business was the largest sale of financial assets by a European government to date. Cerberus Capital Management was the purchaser. (Slaughter and May advised UK Asset Resolution).

Financial Centre : London
Law Firm : Slaughter and May
Lawyer : Guy OKeefe

Practice Area : International Finance and Bank Credit
Classification : Loan and Portfolio Sales
Sub-classification : Mortgage Portfolio Sales
Industry : Financial Services

Advised Party : Vendor
Value USD Equiv: 5001.00-10000.00

Assets : United Kingdom
Acquiror : United Kingdom