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The UK arm of the prominent US law firm Steptoe & Johnson has been issued a formal warning by the UK’s legal regulatory body for alleged violations of Russian sanctions regulations. The firm, recognized among Am Law 100, faced scrutiny following an investigation by the Solicitors Regulation Authority (SRA) that revealed “multiple breaches of Treasury license conditions in respect of two clients.” Alongside the reprimand, Steptoe was also mandated to cover related costs.
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