Those pesky conflict of interest stories just keep rolling in, fuelled further by news of a Commercial Court hearing looking into Allen & Overy and Cadwalder Wickersham & Taft’s decision to completely flout Law Society regulations and act for one of the administrators as well as some of the creditors of the insolvent company TXU Europe.
There is no doubt that Cads and A&O have gone against the Law Society’s rules (“Gosh, that’s a big conflict,” said a conflicts expert), but have they broken the common law?
