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Disclosure

5 Apr 2022

Author:
Clifford Chance

Clifford Chance response

...We have decided to progress our steps for an orderly wind down of our operations in Moscow. Our priorities are to focus on the safety and wellbeing of our colleagues during this difficult time and on ensuring the winding down of our services is consistent with our legal and professional responsibilities to our clients and our responsible business principles and values. We consulted extensively with our people inside and outside of Russia. We also took into consideration the impact that this move would have on our clients and other stakeholders.

We continue to look at how we can help the team and ensure their safety and wellbeing. This continues to be a priority and an area of significant focus for us...

We conduct various checks when we are approached to take on new work, which include checks against sanctions issued in key jurisdictions, whether or not a client is on the "Putin List" and more broadly to determine whether there are any adverse reports associated with the potential client. Our checks involve not only the potential client itself but its ownership chain. If we have concerns then we would decline to act...

Timeline