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

18 March 2022
Issue: 7971 / Categories: Legal News , International
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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
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MOVERS & SHAKERS

Slater Heelis—Chester office

Slater Heelis—Chester office

North West presence strengthened with Chester office launch

Cooke, Young & Keidan—Elizabeth Meade

Cooke, Young & Keidan—Elizabeth Meade

Firm grows commercial disputes expertise with partner promotion

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

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