Top to bottom: VTB Bank and Sberbank. Credit: Stanley Kalvan/Shutterstock/VPales/Shutterstock.com 3 Am Law Firms May Soon Be Able to Withdraw From Representing Sanctioned Russian Banks
Ever since Russia invaded Ukraine and countries began imposing sanctions, it has become clear that dropping a Russian client in ongoing litigation isn't easy.
June 07, 2022 at 07:01 PM
4 minute read
This story has been updated to reflect that Freshfields Bruckhaus & Deringer was granted permission last month to withdraw from a case in Washington, D.C. in which it had represented another Russian bank tied to the Russian state. The firm is no longer involved in that case.
Three large Am Law firms representing Russian banks that were sanctioned following Russia's invasion of Ukraine—White & Case, Debevoise & Plimpton and Latham & Watkins—will be able to withdraw from the case provided that substitute counsel file notices of appearance this month.
White & Case and Debevoise & Plimpton were granted permission to withdraw provided that substitute counsel file a notice of appearance by June 24. Latham & Watkins, which already missed one deadline to get substitute counsel to file an appearance notice, has been given until June 15.
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