Standard Chartered Bank’s Joint Venture With PCCW Limited And Ctrip.com


Slaughter and May is advising Standard Chartered Bank (Hong Kong) Limited (SCBHK) on its strategic joint venture to build a new standalone digital retail bank in Hong Kong.

SCBHK will be the majority shareholder in the joint venture with a 65.1% shareholding, with PCCW Limited, HKT Limited and Ctrip.com (Hong Kong) Limited holding 10%, 15% and 9.9%, respectively.

The joint venture will be conducted under a new entity which has just been granted license to operate a virtual bank by the Hong Kong Monetary Authority (HKMA).

The team was composed by Corporate partner Clara Choi (Picture), Ben Heron (associate), Esther Yee (associate), Pariya Rojtanongchai (associate), Kevin Tso (associate); Financial Regulation partner Peter Lake; Competition partner Natalie Yeung, Jack Dickie (associate); IP partner Susie Middlemiss, Richard McDonnell (associate) and Daniel Owen (associate).

Involved fees earner: Clara Choi – Slaughter and May; Jack Dickie – Slaughter and May; Ben Heron – Slaughter and May; Peter Lake – Slaughter and May; Richard McDonnell – Slaughter and May; Susie Middlemiss – Slaughter and May; Daniel Owen – Slaughter and May; Pariya Rojtanongchai – Slaughter and May; Kevin Tso – Slaughter and May; Esther Yee – Slaughter and May; Natalie Yeung – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Standard Chartered Bank;

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Author: Michael Patrini