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Judgment & ambiguity · When to escalate

Mid-diligence on a sell-side you're running, a junior flags that the buyer's team seems to be asking questions that track a rumored competing bid you were told nothing about — possibly signaling information leakage or a conflict on your own side. What do you do?

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The instant this touches possible information leakage or a firm conflict, it stops being my call to manage commercially — I escalate to the control room and compliance the same day

The full answer: structure, worked example, likely follow-up.

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