Top tier law firm Norton Rose Fulbright is refusing to hand over any client files relating to its work on a disastrous $1.2 billion loan extended to Papua New Guinea and said it would no longer co-operate with a royal commission set up to investigate the deal put together by investment bank UBS.
Norton Rose has been heavily criticised by the commission for its “intransigence” and for refusing to hand over the files despite its client, entities owned by the PNG state, providing at least three letters of consent.