HFW Advising Standard Club On Merger With North P&I
Global, sector-focused law firm HFW is advising Standard Club on its proposed merger with North P&I. The proposed merger would create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries.
This announcement follows the approval of the proposal by the boards of both clubs and notification to principal regulatory authorities of their intention to merge. The proposed merger remains subject to the approval of the full mutual membership of both clubs and of all the appropriate regulatory authorities. Member voting procedures are anticipated to conclude by the end of May. If approved by the membership and regulatory authorities, the formal merger of both clubs is expected to complete by 20 February 2023.
HFW's team advising Standard Club was led by William Reddie, and also included Robert Haldane, Frank Walters, Jake Whitfield and Gaurav Jaiswal.
William Reddie, Partner, HFW: "It is fantastic to be involved in such a high-profile and game-changing transaction. The HFW team worked diligently to meet an ambitious timetable, while under the added pressure of keeping the matter strictly confidential. We look forward to continuing to support Standard Club as it prepares for the merger."
HFW is a leading global law firm in the aerospace, commodities, construction, energy and resources, insurance, and shipping sectors. The firm has more than 600 lawyers, including 185 partners, based in offices across the Americas, Europe, the Middle East and Asia-Pacific. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture.
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