UK Resets Caps for Permitted Legal Fees Under Russia Sanctions
The U.K. issued a new version of a Russia-related legal services general license to reset the cap on fees that can be paid to British law firms by parties subject to Russia-related sanctions. The legal fees cap is set at…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
about $2.68 million (or 2 million pounds) per law firm and the expenses cap at 10% of the legal fees, up to about $268,000 (or 200,000 pounds), for the duration of the license. The license takes effect April 29 and expires Oct. 28. The previous license expired April 28 (see 2410290017).