JP Morgan, Los Angeles in impasse over advisory contract

A California statute meant to eradicate conflicts of interest in government contracting is preventing JP Morgan from moving forward as an advisor to Los Angeles on a potential privatisation of its parking assets. Officials say the law threatens to cause similar obstacles for all cities across the state, which just recently enacted general enabling legislation for public-private partnerships.

To view this content, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


Register now to access this content and more for free.