Firm reportedly cut ties with Russian oligarch before he was hit with sanctions
Law firm Skadden Arps had reportedly severed ties with its client Roman Abramovich, the owner of Chelsea Football Club, prior to the Russian oligarch having sanctions imposed upon him by the UK government on 10 March.
Abramovich had instructed Skadden Arps on his acquisition of the club back in 2003.
The law firm and the club has long been intertwined. Bruce Buck, former Skadden Arps managing partner for Europe, is chair of the club and a trustee of the Chelsea Foundation, which Abramovich attempted to make ‘steward’ of Chelsea FC before he was hit with the sanctions.
But the firm had seemingly decided to ditch Abramovich as a client before the sanctions were officially announced, according to reports.