Top-tier law firm Norton Rose Fulbright is under pressure to hand over files from its work on a $1.2 billion loan extended by UBS Australia to Papua New Guinea, which saw the Pacific nation suffer heavy losses.
PNG’s royal commission into the so called “UBS loan scandal”, which got under way last month after being delayed due to the COVID-19 pandemic, heard on Thursday that Norton Rose was resisting handing over its files, despite the client having given approval.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
