Major international law firms with Russia offices, including White & Case, Baker McKenzie and Morgan, Lewis & Bockius, are scrambling to respond this week as an intensifying sanctions web puts some clients off limits and threatens their business in Moscow.
, already last week terminated registrations to lobby in Washington for sanctioned financial institutions VTB and Sberbank, respectively.
At least 20 international law firms have offices in Moscow, hosting lawyers who often work with colleagues in London and New York to advise clients in energy, finance and other sectors. Many global law firms that have Moscow offices have worked with newly sanctioned Russian entities in the past, according to press releases and media accounts, including Akin Gump Strauss Hauer & Feld; Allen & Overy; Cleary Gottlieb Steen & Hamilton; Debevoise & Plimpton; Dentons; Freshfields Bruckhaus Deringer; Hogan Lovells; Latham & Watkins; and Skadden, Arps, Slate, Meagher & Flom.
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