The firm decided to make a strategic withdrawal during a hiatus in court proceedings while it established who is to fund the disclosure exercise ordered in a High Court judgment in August.
In the meantime, BTA is trying to force disclosure of documents held by Addleshaws, Clydes and Stephensen Harwood on Ablyazov and his brother-in-law’s assets, which were previously withheld on the grounds of professional privilege.
So who will take on the case? The firm’s decision to cut ties with the case comes at the same time as lead partner Richard Leedham quits to join Mishcon de Reya. Whether or not Mishcon will decide to take on Ablyazov with Leedham remains to be seen.
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