header-logo header-logo

18 March 2022
Issue: 7971 / Categories: Legal News , International
printer mail-detail

NLJ this week: The Devil no longer wears Prada―Russian sanctions and the compliance risk for law firms

75088
Memes circulating in Moscow about the Devil and Belarussian knitwear show the impact of sanctions on the street

Here in the UK, law firms may think they have nothing to do with Russia and are therefore not affected by sanctions, but they should not be complacent, according to Frank Maher, partner at Legal Risk solicitors.

The risk and compliance matters arising from sanctions are developing at such a pace that it is difficult to keep up, so what do law firms need to know? In a fascinating article in this week’s NLJ, Maher looks at the impact of international sanctions.

He writes: ‘Sanctions can affect any law firm―some years ago the writer encountered a small personal injury firm which found it had a client on a sanctions list. The breadth of scope of the sanctions now being imposed, even prohibiting the sale of tickets to Chelsea Football Club matches, is such that many firms who do not regard themselves as being in the vanguard of firms acting for Russians may find themselves caught up unwittingly.’

Issue: 7971 / Categories: Legal News , International
printer mail-details

MOVERS & SHAKERS

Clyde & Co—Suriya Ashok

Clyde & Co—Suriya Ashok

Clyde Co strengthens energy transition and construction offering with hire of Suriya Ashok

Jurit—Nicole Gallop Mildon

Jurit—Nicole Gallop Mildon

Jurit appoints rare dual-qualified lawyer to expand Anglo-French private wealth expertise

NEWS
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’

Safety fears do not automatically justify shutting an interested person out of a statutory will application

Consumer credit law is heading for its biggest shake-up in 50 years, with the Consumer Credit Act 1974 set to yield much of its detailed statutory machinery to FCA rules
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
back-to-top-scroll