The traditional reluctance of US firms to act against their banking clients has spread to the UK opening up opportunities for those firms with less powerful banking and corporate departments, reports Philip Hoult
May 28, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
“You’re either with us or against us.” George W Bush’s maxim in the war against terror could be applied equally well to litigation involving the global investment banks.
For decades, investment banks in the US have taken a hard-line approach to conflicts – both legal and commercial – when it comes to law firms taking proceedings against them.
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