Mayer Brown identified as adviser on Refco loans

Mayer Brown Rowe & Maw has been drawn into the storm surrounding disgraced US broker Refco after it emerged the Chicago giant advised on the company’s controversial loans.

It was confirmed last week that Mayer Brown advised on the loans allegedly used by former Refco chief executive Phillip Bennett to disguise personal debts of $430m (£242m) owed to the group.

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