High Court rubber stamps TXU compromise

Pylons The trio of leading law firms embroiled in the conflicts row over TXU’s insolvency have reached an agreement to use so-called ‘Chinese walls’ after the High Court today (28 March) rubber stamped a compromise deal.

The application, which was agreed by Mr Justice Blackburne, effectively ends hostilities over the controversial decision by Allen & Overy (A&O) and Cadwalader Wickersham & Taft to advise both creditors and administrators of the failed power group.

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