A&O defends dual role on Co-op rescue amid conflict concerns
Allen & Overy (A&O) has defended its roles acting for both the Co-operative Group and the Co-operative Bank on the latter's £1.5bn debt restructuring, after partners at rival firms raised questions over a potential conflict of interest. Concerns have been raised over possible disagreements between the Co-op Bank and Co-op Group - which wholly owns the bank - if the high-stakes capital raising plan encounters complications.
Allen & Overy (A&O) has defended its roles acting for both the Co-operative Group and the Co-operative Bank on the latter’s £1.5bn debt restructuring, after partners at rival firms raised questions over a potential conflict of interest.
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