Do the sanctions mean that you simply can’t recover damages in ongoing litigation as a outcome of damages can’t be paid to a sanctioned entity in the jurisdiction, or require a licence? Here, Law360 Pulse rounds up how regulation firms have been responding so far. Some are using their places of work in Poland to assist refugees, while others are directing lawyers and staff to donate via charity foundations. Can they be paid in one other jurisdiction or in one other currency without breaching sanctions? “There might be retaliatory sanctions by Russia but the most instant penalties for law corporations are figuring out the implications of performing for designated folks or on matters impacted by the brand new sanctions. Meanwhile, several have said they are going to be reviewing their Russian purchasers and cutting ties the place acceptable.
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