Slaughters, Sullivan & Cromwell and Linklaters advise on Standard Chartered's £3.3bn rights issue

Magic circle duo advise on Standard Chartered's £3.3bn rights issue with Sullivan providing US counsel

Slaughter and May and Linklaters have won key roles on Standard Chartered’s $5.1bn (£3.3bn) rights issue.

The money raised will cover reorganisation costs as the bank announced yesterday that it intends to cut 15,000 jobs by 2018 as it seeks to strengthen its balance sheet by removing $100bn (£65bn) of assets.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on or call on +44 (0) 203 875 0651