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Freshfields drops Russian bank VTB as a client following outcry

Magic Circle firm drops sanctioned Russian bank as a client

Monday 7 March 2022 at 09:48

Freshfields has announced it's dropping VTB as a client
Freshfields has announced it's dropping VTB as a client Photo: Artyom Geodakyan/Getty Images

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.