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UK regulator censures Credit Suisse and law firms over Bumi deal

CONTRITE: Credit Suisse said it "regrets its conduct in 2010 and 2011, has accepted the panel's findings and has taken appropriate action to ensure that its high standards of conduct are upheld at all times".


BRITAIN'S takeover regulator has publicly censured Credit Suisse and two law firms - Freshfields Bruckhaus Deringer and Holman Fenwick Willan - over their roles as advisers in the creation of an Indonesian coal mining company formerly known as Bumi.

The Panel on Takeovers