UK Issues General License for Payment of Legal Services Under Russia Sanctions Regime
The U.K. added a general license under its Russia and Belarus sanctions regime allowing legal service providers to receive and send payments to and from or on behalf of a sanctioned party. Sanctioned parties are likewise allowed to "pay professional…
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legal fees, Counsel's fees, and/or Expenses to a Law Firm, a Legal Adviser, Counsel or a provider of Expenses for Legal Services which have been provided to that" sanctioned party. The legal fees may not exceed 1 million British pounds "per Law Firm" for the duration of the license, which ends Oct. 28.