White & Case and Allen & Overy (A&O) are advising on a dispute between the Bank of Ireland (BoI) and a group of investors over a proposed debt-for-equity conversion.

The move, part of a ‘burden-sharing’ move by the Irish Government to spread the costs of its bank recapitalisation plan, has seen White & Case instructed by a committee of bondholders which includes Appaloosa Management, Varde Partners, QVT Financial and Marathon Asset Management.