Everyone's cutting ties with Russia. Here's why law firms are slower to act.
Spokespeople for Skadden didn't reply to a request for comment.
"We condemn the invasion of Ukraine, and we hope for a cessation of hostilities at the earliest moment," the firm said in a statement"We are actively examining the complicated impacts of this conflict on our clients and the future of our work in Russia," it said."These include the serious ethical, moral and legal considerations for the firm's next steps and working directly with clients on any necessary transitions.
"You can't just walk away," he said."The judge is going to have to decide whether it can continue or whether he can stay it," he said, using a term for a pause in litigation. Norton Rose Fulbright said on Monday that it would not take any new matters from"entities or individuals connected with the current Russian regime," sanctioned or not, and that it would drop existing work for them"where our professional obligations as lawyers allow."
George Casey, the leader of Shearman & Sterling, which represented investors that have tried to collect a $50 billion arbitration award from Russia, posted on LinkedIn comparing Putin to Nazis and condemning unnamed professionals'"active support" of Russia.that he turned down a summer associate position because the firm where he was set to work didn't commit to dropping its work for Russian banks and state-owned oil and gas companies. He didn't name the firm.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell continues to buy Russian oil after vowing to stop Russia investments'Yesterday we made the difficult decision to purchase a cargo of Russian crude oil,' Shell tweeted.
Read more »
Russian-Ukraine war: Russia announces ceasefire for evacuations of Ukrainian civiliansBREAKING: Russia announced a ceasefire starting Monday morning and the opening of humanitarian corridors in several cities, a day after thousands of Ukrainian civilians attempting to flee to safety were forced to shelter from Russian shelling.
Read more »
Russian-Ukraine war: Russia announces ceasefire for evacuations of Ukrainian civiliansRussia announced a ceasefire starting Monday morning and the opening of humanitarian corridors, a day after Ukrainian civilians attempting to flee to safety were forced to shelter from Russian shelling.
Read more »
Russia attacks Ukraine: UK intelligence calls Russian ground advances ‘minimal’UPDATE: The United Kingdom’s ministry of defense has just released its latest intelligence report, speculating that Russian forces made “minimal ground advances” over the weekend, The Guardian reported.
Read more »
Column: All should boycott events in Russia or involve Russian athletesFIFA and IOC need to get on board
Read more »
Russian-Ukraine war: Ukraine tries to evacuate city under weeklong Russia attackA similar ceasefire collapsed Saturday, trapping women, children and older under more shelling and aerial bombardment by Russian forces.
Read more »