Wragge Lawrence Graham & Co

UK 200 2013 position: 25

Deloitte granted partial permission to appeal MG Rover tribunal decision

On 20 November 2013, the FRC announced that it has granted Deloitte partial permission to appeal the decision of the independent Disciplinary Tribunal relating MG Rover Group.

In its report issued in September 2013, the tribunal found that Deloitte and its former corporate finance partner, Maghsoud Einollahi, had failed to adequately consider the public interest when advising MG Rover Group and its owners (the Phoenix Four) on two transactions, known as ‘Project Aircraft’ and ‘Project Platinum’, in the period 2001–02.

It also found that they had that they had failed to identify and consider actual or potential conflicts of interest between the Phoenix Four and MG Rover and had failed to consider or safeguard against a self-interest threat in accepting a contingent fee for the engagements…

If you are registered and logged in to the site, click on the link below to read the rest of the Withers briefing. If not, please register or sign in with your details below.  

Briefings from Wragge Lawrence Graham & Co

View more briefings from Wragge Lawrence Graham & Co

Analysis from The Lawyer

  • Paul Wilson

    Regional: attempted merger

    Alliances, failed and successful, are the story of the year outside London

  • Belinda Bradberry

    Interior designs

    Polish up your retention policy - private practice lawyers are increasingly eyeing in-house roles

View more analysis from The Lawyer


55 Colmore Row
B3 2AS

Turnover (£m): 120.50
No. of Lawyers: 458