UK Renews Russia Legal Services General License
The U.K.'s Office of Financial Sanctions Implementation renewed until Oct. 28 its legal services General License under the Russia sanctions regime (see 2210310020), the EU Sanctions blog reported this week. The renewed license, which was set to expire April 28,…
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will again cap legal fees at $621,000, including value-added taxes, and will cap legal expenses at 5% of legal fees up to $31,000. The renewed license, which the blog said was outlined in a recent "letter to stakeholders" from the government, also clarifies that it is applicable in certain cases in which the "fees and / or expenses may exceed the legal fees and / or expenses caps." The license will not authorize legal fees for "defamation and similar cases," the blog said.