1. The co-operation agreement is an exclusive arrangement between the two firms except in circumstances where an alternative solution is required in response to client demand, for instance if a conflict of interest exists. Profits will not be shared and the two firms will remain separate and independent of one another.
2. Business restructuring and insolvency has been one of Lovells' core fields of work for more than 50 years. Our clients include banks, other financial institutions, insolvency practitioners and turnaround specialists from all the major accountancy firms, as well as creditors and directors of companies in financial difficulty. The practices continues to act on a number of high profile mandates including for the Government of Iceland in relation to the restructuring of its banking system and also on over 30 instructions relating to the collapse of Lehman Brothers.
About Lovells With over 3,000 people operating from 27 offices in Asia, Europe and the United States, Lovells is one of the world's leading international law firms. We advise many of the world's largest corporations, financial institutions and governmental organisations. We regularly act on complex, multi jurisdictional transactions as well as some of the most high profile commercial disputes. Lovells (the "firm") is an international legal practice comprising Lovells LLP and its affiliated businesses. Lovells LLP is a limited liability partnership registered in England and Wales with registered number OC323639. Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG.
The word "partner" is used to refer to a member of Lovells LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of its affiliated businesses who has equivalent standing.
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