Santander UK’s Transfer Of SCIB UK To The London Branch of Banco Santander, S.A.

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Santander UK plc with a team including Nick Bonsall (Finance), Andrew Jolly (Picture – Corporate M&A), Phil Linnard (Human Capital), Charlie McGarel-Groves (Finance).

Santander UK plc (“Santander UK”) transfered substantially all of its Corporate & Investment Banking business in the UK (“SCIB UK”) to the London branch of Banco Santander, S.A. (the “SLB”), by way of a banking business transfer scheme under Part VII of the Financial Services and Markets Act 2000 (the “Scheme”).

The sanction hearing for the Scheme took place (remotely) on 23 June 2021 and the Scheme was sanctioned by Snowden J on 1 July 2021. The transfers of SCIB UK business from Santander UK to the SLB under the Scheme are scheduled to take place before the end of 2021.

Slaughter and May worked closely with the Santander UK legal team, led by Charles Shepherd, Alastair Lewis and Cynthia Ip.

Slaughter and May’s team included Andrew Jolly (Picture), Partner, Kesten Laverty, Associate, Molly Whitehall, Associate, Beth Harper, Associate, Matthew Crilly, Trainee, Nick Bonsall, Partner, Charlie McGarel-Groves, Partner, Tereza Rasochova, Associate, Issy Spiro, Trainee, Phil Linnard, Partner and Lucy Duane, Associate.


Involved fees earner: Nick Bonsall – Slaughter and May; Lucy Duane – Slaughter and May; Beth Harper – Slaughter and May; Andrew Jolly – Slaughter and May; Kesten Laverty – Slaughter and May; Phil Linnard – Slaughter and May; Charlie McGarel-Groves – Slaughter and May; Tereza Rasochova – Slaughter and May; Molly Whitehall – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Santander UK plc;

Author: Giulia Di Palma