LAWIN advises GE Capital in Latvia

LAWIN is acting as local counsel to GE Capital with respect to the sale of GE Money Bank in Latvia and its subsidiaries, GE Money Atklātais Pensiju Fonds and GE Money Asset Management to the Russian financial services provider, Otkritie Financial Corporation JSC. An agreement was announced at the end of June  and the transaction is expected to close in the coming months subject to all necessary regulatory approvals.  Slaughter and May are acting as lead counsel for GE Capital on the transaction.