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Magic Circle firm drops sanctioned Russian bank as a client

Professional Services Correspondent

Magic Circle law firm Freshfields Bruckhaus Deringer has dropped VTB Bank as a client following an outcry over its continued work for the lender.

Freshfields applied for a licence to continue to represent sanctioned Russian lender VTB Bank in ongoing High Court litigation against Mozambique stemming from the so-called tuna bond scandal. 

Freshfields drops Russian bank VTB as a client following outcry

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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The BOE said that further sharp falls in asset prices are likely.

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