Getting cosy with clients is part of the job right? That is what the High Court will decide when it looks at the relationship between Slaughter and May and Ernst & Young after a complaint by liquidators RSM Tenon.
The liquidators have asked the court to intervene on the bills issued by Slaughters on the administration of Hellas Telecommunications, suggesting that the relationship between firm and administrator had got too cosy for comfort.
The court has so far refused to oblige on the grounds of jurisdiction but that has resulted in a Pyrrhic victory for the firm.
Mr Registrar Jones was not best pleased by the ‘club mentality’ approach taken by the firm, which, he said, left an unsavoury tang. There will be an appeal to the High Court.
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