Some of the world's largest banks are offering waivers allowing their external legal advisers to act against them in certain disputes between financial institutions, in a bid to quickly resolve issues arising from the current economic turmoil. Institutions including Deutsche Bank, Goldman Sachs, UBS and JPMorgan are understood to have held informal discussions about conflicts issues and the possibility of allowing law firms to act for or against them in different disputes.
December 11, 2008 at 12:33 AM
1 minute read
The original version of this story was published on Legalweek
Several major banks offer flexibility for external legal advisers to act for or against them in minor disputes
Some of the world’s largest banks are offering waivers allowing their external legal advisers to act against them in certain disputes between financial institutions, in a bid to quickly resolve issues arising from the current economic turmoil.
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