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Sale of Banking Activities in Monaco

By October 20, 2016October 21st, 2016Banking M&A, Corporate, Data Protection, Employment

We assisted a major Monaco Private Bank in the sale of its activities in Monaco through a Referral Agreement as part of its strategy to simplify and restructure its Private Banking business in Europe. The activities will include cash, securities account services, asset management mandates, loans and guarantees. Our involvement also covered employment, data protection and secrecy issues related to the transaction. The referral process is now in course to transfer categories of clients to the referee Bank. For this transaction we teamed up with the Linklaters teams in London and Paris for an efficient cooperation.

Please refer to the following link for more information:

Remi Delforge – Ambre Bernat – Vincent de Bonnafos

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