Recent developments in Part VII transfers and schemes of arrangement for insurers
14 November 2018 | 1:00 PM - 2:00 PM (GMT)
Jonathan Russell
Senior Associate, London
Email jonathan.russell@hoganlovells.com
Phone +44 20 7296 5812
Fax +44 20 7296 2001
LanguagesEnglish, French
Practice groupCorporate
A senior associate in our Corporate Group in London, Jonathan Russell's practice covers cross-border and domestic M&A, joint ventures, reorganisations and general corporate advisory work. Jonathan has particular experience in the insurance sector, advising insurers and other market participants on a range of transactions and regulatory matters, including insurance business transfers under Part VII of the Financial Services and Markets Act 2000.
A key part of the team which advised Prudential on the domestication of the Hong Kong branch business of its main UK insurance company, which was achieved using ground breaking parallel court processes in Hong Kong and the UK, Jonathan has been recognized as an 'Associate to Watch' in Chambers UK. He has spent time on secondment to various clients, including SABMiller and Phoenix Group.
Education and admissions
Education
LPC, BPP Law School, London, 2007
Graduate Diploma in Law, BPP Law School, London, 2006
M.Phil., University of Cambridge, 2004
B.A. (Hons), University of Oxford, 2002
Memberships
Law Society of England and Wales
Representative experience
Lloyds Banking Group and Scottish Widows on its acquisition of Zurich's UK workplace pensions and savings business, with £19 billion of AuA
A major global pharmaceutical company on strategic M&A and licensing and collaboration arrangements.
AXA on the disposal of its Bluefin insurance broking business to Marsh & McLennon and on the acquisition of Simplyhealth's private medical insurance business.
Equitable Life on the disposal of its £875m annuity business to Canada Life.
Jazz Pharmaceuticals on the disposal of a European drug and medical devices business.
Prudential on its £13 billion cross-border reorganisation of its Hong Kong life and general insurance business
Phoenix Group on the sale of two annuity portfolios and the reorganisation of its insurance businesses by means of schemes under Part VII FSMA.
Paternoster on its sale to Goldman Sachs for £260m.
Teachers Friendly Society on its demutualisation and acquisition by LV.
