Slaughter and May is advising UK Asset Resolution Limited (UKAR) and Bradford & Bingley plc (B&B), working closely with the UKAR legal team, HM Treasury and Treasury Legal Advisers in relation to the disposal, by way of auction, of legacy owner occupied and buy-to-let mortgage assets originated by B&B, its subsidiary, Mortgage Express, GMAC-RFC Limited, Kensington Mortgage Company Limited and Close Brothers Limited to an investor group led by Barclays Bank PLC for a total consideration of £5.3bn.
Contacts

Financing/Corporate: Guy O’Keefe (partner), Oliver Storey (partner), Ben Magahy (associate), Chris Armstrong (associate), Louise Browning (associate), Steve Dempsey (associate), Liam Healy (associate), Natalie Fernandes (associate)

Tax: Gareth Miles (partner), Ed Milliner (associate), Eddie Creamer (associate)

Financial regulation: Ben Kingsley (partner), Kilian McConnell (associate)