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Irish corporate law firms to cease acting for Russian clients | Business Post

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Irish corporate law firms to cease acting for Russian clients – taaffems and LorcanAllen report.

Irish corporate law firms have distanced themselves from Russian clients after the Central Bank, pictured, identified close to €50 billion worth of financial assets held in Ireland that are linked to Russian entities

A raft of Irish corporate law firms have distanced themselves from Russian clients as Vladimir Putin’s invasion of Ukraine continued over the last week. It comes after the Central Bank identified close to €50 billion worth of financial assets held in Ireland that are linked to Russian entities, the vast majority of which is debt finance raised through special purpose vehicles and used by Russian banks and corporates.

 

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