Ominous signs for western firms in Russia as Akin Gump team quits to launch local independent

The latest sign that life in Russia is getting tough for international firms came today (5 September) as two of Akin Gump Strauss Hauer & Feld’s key Moscow partners quit to launch an independent firm.

Heavyweight litigator Ilya Rybalkin and corporate veteran Suren Gortsunyan have launched Rybalkin, Gortsunyan & Partners (RGP) alongside 11 associates, counsel and paralegals from the US firm – a team which claims to have been involved in transactions cumulatively worth over $80bn.

The move comes as growing tensions between Russia and the West and US sanctions against leading Russian business owners are increasingly hindering western firms from servicing Moscow clients. (Read more…)