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TXUA High Court ruling on Allen & Overy (A&O) and Cadwalader Wickersham & Taft’s controversial decision to advise creditors and the administrators of failed power group TXU Europe has been delayed by 10 days.

Lawyers for TXU’s joint administrators, KPMG and Ernst & Young, (E&Y), had hoped to reach a compromise agreement on the use of information barriers in the hearing before Mr Justice Blackburne today (18 March).

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