Skadden is advising Hanwha Life in connection with its recent announcement that Hanwha Life has agreed to acquire a 75% stake in the parent of Velocity Clearing, a U.S.-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake. The transaction is subject to customary closing conditions, including the receipt of various U.S. and South Korean regulatory approvals. For more information, please see Hanwha Life’s press release here.
The Skadden team includes Corporate partners H. Young Shin (Seoul and New York), Shilpi Gupta (Chicago) and Patrick Lewis (New York); Investment Management partner Heather Cruz (New York); National Security partner Michael Leiter (Washington, D.C.); Tax partner Nazmiye Gökçebay (New York); Executive Compensation and Benefits partner Michael Wiseman (New York); Labor and Employment Law partner Annie Villanueva Jeffers (New York and Palo Alto); Capital Markets partner Michael Zeidel (New York); Real Estate partner Peter Mair (Los Angeles); Insurance partner Peter Luneau (New York); and Antitrust/Competition partner David Wales (Washington, D.C.).
