Myanmar's KBZ Bank hires legal powerhouse Williams & Connolly after holding company was implicated in UN report

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Myanmar's KBZ Bank hires legal powerhouse Williams & Connolly after UN implicates holding company

Kanbawza Bank of Myanmar has tapped Williams & Connolly to be its legal representation in case U.S. sanctions arise after a recent U.N. report.

The effort by KBZ Bank to retain a marquee legal team suggests there are internal fears of severe backlash after the U.N. report, especially from foreign governments such as the U.S. The bank itself has always been held in a high regard around the world.Pedestrians walk past street vendors outside a Kanbawza Bank branch in Yangon, Myanmar, on Monday, Sept. 3, 2018.

"Williams & Connolly LLP will provide legal services to you in connection with potential US legal issues and sanctions matters which may arise out of an August 5, 2019 UN Human Rights Council Report on Myanmar," David Aufhauser, a partner in the firm, wrote. Aufhauser was previously a managing director and global general counsel at investment bank UBS.one of the documents

 

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Well at least we stopped calling it Burma, so, progress.

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