Freshfields Bruckhaus Deringer has insisted that it went through all "appropriate measures" in advising Northern Rock on its current funding crisis despite its long-term relationship with the Bank of England. The law firm is currently advising regular client Northern Rock, which last month secured emergency funding from the Bank of England after panic withdrawals by savers threatened its future in the wake of the summer's credit squeeze.
October 05, 2007 at 01:05 PM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer has insisted that it went through all “appropriate measures” in advising Northern Rock on its current funding crisis despite its long-term relationship with the Bank of England.
The law firm is currently advising regular client Northern Rock, which last month secured emergency funding from the Bank of England after panic withdrawals by savers threatened its future in the wake of the summer’s credit squeeze.
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