Slaughter and May advised Silicon Valley Bank UK Limited (SVBUK) on the consequences for its own financial position following its parent, Silicon Valley Bank, being placed into receivership by the Federal Deposit Insurance Corporation, and the Bank of England subsequently announcing it intended to place SVBUK into a Bank Insolvency Procedure.
The situation was ultimately stabilised through the acquisition of SVBUK by HSBC UK Bank plc, which involved the exercise by the Bank of England of its resolution powers under the Banking Act 2009.
Restructuring and Insolvency
Tom Vickers
Partner
Ian Johnson
Partner
Financial Regulation
Jan Putnis
Partner
Connor Williamson
Associate
Corporate
Financing
Samay Shah
Partner
James Costi
Senior Counsel
Employment and Incentives
Phil Linnard
Partner
Philippa O'Malley
Partner
Disputes and Investigations
Jonathan Clark
Partner
Nupur Upadhyay
Associate
IP/IT
Laura Houston
Partner
Ian Ranson
Associate
Competition
Lisa Wright
Partner