FAILING FINANCIAL INSTITUTIONS: HOW WILL BREXIT IMPACT CROSS-BORDER COOPERATION IN RECOVERY, RECONSTRUCTION AND INSOLVENCY PROCESSES?

This paper addresses the issues for international recognition of reconstruction and insolvency proceedings affecting international banks raised by the United Kingdom’s decision to leave the European Union, and considers what the United Kingdom and the European Union and its member states could do to address the potential loss of recognition and cooperation, as well as possible wider international initiatives. The relation of this issue to the World Trade Organization’s General Agreement on Trade in Services is also considered.

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Dorothy Livingston
Dorothy Livingston
Consultant
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