3 Am Law 50 Firms Continue to Struggle to Withdraw From Representing Sanctioned Russian Banks
Latham & Watkins and its client, VTB Bank, have already missed two deadlines to get substitute counsel to file an appearance notice, and requested, in a letter addressed to a federal judge, an additional two-week extension until July 7.
June 30, 2022 at 06:16 PM
5 minute read
People line up at a branch of Sberbank of Russia in Voronezh, Russia. Credit: VPales/Shutterstock.com Three Big Law firms representing Russian banks sanctioned following Russia's invasion of Ukraine—White & Case, Debevoise & Plimpton, and Latham & Watkins—have been trying to withdraw as counsel for months now, but it's proving not to be so easy.
White & Case and Debevoise & Plimpton were granted permission to withdraw provided that substitute counsel file a notice of appearance by June 24 or, failing that, the firms provide client contact information to the plaintiffs. But, on that date, William H. Taft of Debevoise & Plimpton and Nicole Erb of White & Case jointly submitted a letter to Judge Gabriel W. Gorenstein stating that new counsel would be unable to appear on behalf of their client, Sberbank.
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