Magic circle law firm Freshfields cuts ties with VTB Bank as more exit Russia

Mark Battersby
clock • 5 min read

Freshfields Bruckhaus Deringer has cut ties with VTB Bank PJSC as war rages on in the Ukraine and the international financial services industry weighs its exposure to Russia amid unprecedented sanctions.  In a statement on 7 March, the magic circle global law firm said: "Like so many others around the world, Freshfields is deeply concerned by the loss of life and unfolding humanitarian crisis in Ukraine. We strongly condemn the actions of the Russian government and express our solidarity with all those affected. "From the outset, the firm has acted swiftly and responsibly with regard ...