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<blockquote data-quote="rogerd123" data-source="post: 115827" data-attributes="member: 18421"><p>I'm looking at this now and my initial thoughts: </p><p></p><p><strong>Short term effect </strong>- If the Russian office has any open/ongoing work, what happens to it? Employment issues - contracts w/Russian employees (does the firm need to pay them/should they pay them something?), Real Estate issues - what about the office lease? </p><p></p><p><strong>Long term effect </strong>- Will this affect the firm's profits in the future (depends on how profitable the Russian office was I guess), is this a signal of a wider-trend of reverse globalism (e.g. will firms pull out of HK/China next? - probably not but worth thinking about) </p><p></p><p><strong>Stakeholders</strong> - Russian clients who were using the firm, employees of the Russia office, Intl clients who had business in Russia and thus wanted legal advice in Russia, the firm itself (loss of profit from this?) </p><p></p><p>Open to your thoughts <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="rogerd123, post: 115827, member: 18421"] I'm looking at this now and my initial thoughts: [B]Short term effect [/B]- If the Russian office has any open/ongoing work, what happens to it? Employment issues - contracts w/Russian employees (does the firm need to pay them/should they pay them something?), Real Estate issues - what about the office lease? [B]Long term effect [/B]- Will this affect the firm's profits in the future (depends on how profitable the Russian office was I guess), is this a signal of a wider-trend of reverse globalism (e.g. will firms pull out of HK/China next? - probably not but worth thinking about) [B]Stakeholders[/B] - Russian clients who were using the firm, employees of the Russia office, Intl clients who had business in Russia and thus wanted legal advice in Russia, the firm itself (loss of profit from this?) Open to your thoughts :) [/QUOTE]
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