Dentons Decides To Go Away Russia

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The closure comes simply 5 years after the firm acquired Hannes Snellman’s whole Russia operation, which included bases in Moscow and St Petersburg. At the time, Hannes Snellman entered the Russia market in 2006 as part of its acquisition of Finnish firm ETL Law Offices. The new agency will launch as Bortkevicha & Partners and be led by managing partner Vika Bortkevicha. At final year’s Supreme Court listening to, lawyers for Ukraine reiterated arguments that such bonds have been issued underneath duress following Russia’s campaign of financial, political and navy aggression. Gerbi brought one of many first and largest bilateral investment treaty claims towards Russia over the bank’s misplaced investments in Crimea following the annexation. That matter centres round Ukraine’s default of $3bn worth of Eurobonds purchased by Russia in 2013. Which has counted a selection of Russian companies and oligarchs as purchasers, was tight-lipped on the situation until final night. This replace follows a statement released final week, whereby the firm announced it was reviewing present work however acted for no Russian oligarchs or state entities.
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The funding announcement joins pro bono, fund raising and volunteering efforts throughout the Clifford Chance’s European workplaces, particularly in Bucharest, Warsaw, Prague, Amsterdam and Frankfurt. Pledged to not work on any Russian clients that help the Government of Russia.

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