Standard Chartered’s Joint Venture With Linklogis

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Standard Chartered with a team including Chris McGaffin (Picture – Corporate M&A).

Standard Chartered established Olea, a Singapore-headquartered joint venture between Standard Chartered and Linklogis comprising a fully-digitised trade finance origination and distribution platform that aims to bring together institutional investors seeking opportunities in an alternative asset class with businesses requiring supply chain financing. Closing of the transaction is subject to receipt of regulatory approval.

By marrying Standard Chartered’s international trade and risk management expertise with Linklogis’ innovations in supply chain technology, and with the application of blockchain and AI technology, Olea will be uniquely positioned to reinvent trade finance by providing a radically transparent, speedier, affordable and hassle-free way to access working capital for supply chain participants regardless of size. Standard Chartered and Linklogis’ relationship began in February 2019 when both companies signed a memorandum of understanding to explore the co-creation of innovation solutions that will support the supply chain finance ecosystem. They completed their first joint deep-tier supply chain financing transaction in August 2019, and have successfully executed several other award-winning transactions to date.

Slaughter and May supported an internal legal team at Standard Chartered that was led by Jordan Kent.

Slaughter and May’s team included Chris McGaffin (Picture), Partner, Rahul Mehta, Associate, Natalie Yeung, Partner, Alexander Lee, Associate and Jonathan Hsu, Trainee.

Involved fees earner: Alexander Lee – Slaughter and May; Chris McGaffin – Slaughter and May; Rahul Mehta – Slaughter and May; Natalie Yeung – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Standard Chartered;

Author: Giulia Di Palma