Banks, brokers, markets — London has it all.
Add to that a sturdy legal system and you can begin to understand why it’s the financial capital of the world. The city is loved by its locals and foreigners seeking a safe — and profitable — haven.
Jamison Firestone, an American lawyer based in London, has years of experience helping American and European companies do business in Russia. Firestone, who previously lived and worked in Russia, fled the country after his law patner Sergei Magnitsky died in Russian custody when he was arrested on tax evasion charges. Magnitsky’s supporters say he was beaten and killed by Russian authorities for calling attention to corruption, something Russian officials deny.
The whole affair is just one example of why Russians are looking to take their money out of Moscow and park it elsewhere, according to Firestone. Click on the audio player above to hear more.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.