Could cooperation agreements be vulnerable to challenge in Europe on the basis that they are potentially anti-competitive?

This is the question on investors’ and advisors’ lips alike after a raft of co-operation agreements (we’ll call them co-ops) started appearing in restructuring situations in Europe this year. 9fin understands that law firms are considering challenging co-ops on the basis that they are anticompetitive. This article digs into both sides of the argument and looks at some recent examples of co-ops in the market. For background, take a look at our 9fin Educational on co-ops.