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Severing Russian Ties: Freshfields, Latham, Mannheimer, and Gowling To Also Leave Russia

Severing Russian Ties: Freshfields, Latham, Mannheimer, and Gowling To Also Leave Russia

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Freshfields Bruckhaus Deringer, Latham & Watkins, Mannheimer Swartling, and Gowling WLG have joined the ranks of firms announcing they are shutting down their Russian offices.

"This is not a decision we have taken lightly," read a Freshfields press release, pointing to its 30-year presence in the market. "However, in light of the Russian government’s actions in Ukraine, and the clear stance we have taken on Russia-related work, we believe that this is the right course of action," the statement added while noting: "The safety and well-being of our colleagues in Russia has remained one of our key priorities as we respond to this unprecedented crisis, and that continues to be the case."

"The unfolding humanitarian crisis is devastating to watch and we stand with so many in the world in condemning the violence in Ukraine and the needless human suffering taking place," Latham Chair and Managing Partner Rich Trobman commented. "The firm will immediately begin an orderly transition, consistent with our ethical duties to our clients, to wind down operations in Moscow. During this process, our focus will be principally on the safety and well-being of our colleagues in Russia."

Swedish firm Mannheimer Swartling stated: "We at Mannheimer Swartling are horrified by the military aggression against Ukraine and the atrocities being committed against the Ukrainian people," adding that the firm "has suspended its operations in Russia with immediate effect" and that it is analyzing whether it "can leave the Russian market in an orderly manner and with due care to our Scandinavian clients and Russian colleagues," while noting that its former Moscow-based Swedish lawyers have been relocated.

Canadian firm Gowling's press release stated: "We are shocked and deeply concerned about the growing humanitarian crisis in Ukraine. Gowling WLG stands united with the Ukrainian people," informing that the "departure will be orderly" as the firm seeks "to transition the business to our team in Moscow."

The firms join Linklaters, Borenius (as reported by CEE Legal Matters on March 7), and Norton Rose (as reported by CEE Legal Matters on March 8) in exiting the market.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated office in Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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