• RBS sells off retail banking business in the UAE to Abu Dhabi Commercial Bank - first time UAE bank bought out an international banks’ local franchise.
• Freshfields (here advising ADCB) last year advised ANZ Bank on its acquisition of RBS’s Asia-wide assets sale. Partner David Higgins also advised RBS on its £26.5bn bid for NatWest back in 2000.
• Freshfields retained lawyers from London and Dubai to advise ADCB general counsel Simon Copleston and vice president legal counsels Olivia Birchall and Nabil Azar
• RBS’ are longstanding clients of Linklaters, which also acted for bank last year in its Asia assets sale (sold off 54 Asia branches to ANZ)