Slaughters, Linklaters advise on Barclays $12.3bn credit restructuring

September 18, 2009 Slaughter and May, Linklaters, Skadden Arps Slate Meagher & Flom, Sullivan & Cromwell and Cadwalader Wickersham & Taft are all advising on a deal, in which Britain’s second-biggest bank Barclays is selling $12.3bn of its most toxic debt to a credit vehicle in the Cayman Islands set up by a group of former Barclays bankers.

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