Taylor Wessing acts for AJIB in connection with HSBC acquisition
Taylor Wessing acted for Arab Jordan Investment Bank (AJIB) on its exchange of contracts on 20 January 2014 with HSBC Bank Middle East to acquire HSBC’s business and assets in Jordan.
The transaction is expected to complete during the first half of 2014. It is one of the biggest banking deals that Jordan has ever seen.
AJIB has agreed to pay an undisclosed sum for the business, which at 30 September 2013 comprised four branches with gross assets of approximately $1.2bn (£725m).
The Taylor Wessing team advising AJIB was led throughout by corporate partner Ronald Graham with support from local firm Dajani & Associates.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world