Slaughter and May advised Standard Chartered in relation to the sale of its consumer finance businesses in Hong Kong and Shenzhen, being PrimeCredit Limited and Shenzhen PrimeCredit Limited, to a consortium comprising China Travel Financial Holdings Co., Limited, Pepper Australia Pty Limited and York Capital Management Global Advisors, LLC. The transaction is subject to certain regulatory approvals.

Jun He Law Offices advised on PRC law and Paul, Weiss, Rifkind, Wharton & Garrison advised on US law.

CONTACTS

David Watkins (partner), Laurence Rudge (partner), Mark Hughes (partner), Roger Cheng (associate), Kevin Ip (associate), Jacky Man (associate), Dennis Li (associate), Michael Chapman (trainee); Tax: Jeanette Zaman (partner), Homyar Pahlan (associate)