Carlos Ramos-Mrosovsky Quoted on Contract Issues for Businesses Leaving Russia

News / May 27, 2022

Counsel Carlos Ramos-Mrosovsky was quoted in an article published May 27, 2022, by Law360. Titled “Russian Exodus Puts Companies On Shaky Legal Ground,” the piece focused on the potential long-term financial impacts on companies that have withdrawn from Russia following its invasion of Ukraine and the imposition of widespread sanctions. Such moves are widely hailed as morally correct, but the likely contract disputes to come could prove very costly.

In the article, Ramos-Mrosovsky said companies will probably not claim they should be released from contracts based only on public opinion, but they could raise the issues of illegality and impossibility – that continuing to operate in Russia was not feasible due to military operations and sanctions.

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