Several major law firms are involved in the controversial sale of beleaguered U.K. broadsheet The Daily Telegraph, which was paused last week amid a review.

According to a person with knowledge of the sale, Hogan Lovells is advising Lloyds Banking Group as it prepares to scrutinize a loan agreement between the owners of the Telegraph, the Barclay family, and an Abu-Dhabi backed investment group, that would enable the brothers to retain control of the newspaper.