Capital controls in the UK?

The post below was first published on our Policy Matters blog Since the US Dollar departed from the gold standard in 1971 much of the world has abandoned or substantially relaxed capital and exchange controls. International trade and investment has grown dramatically since that time and it is acknowledged that open markets stimulate trade. The … Read more

Updated Brexit Legal Guide launched

Today our updated Brexit Legal Guide was released. Below is a message from our Chair and Senior Partner James Palmer which accompanied the updated guide. Dear clients and professional colleagues, The outcome of the June 2016 UK referendum on EU membership ushered in a period of increasing political turmoil in the UK. When I wrote … Read more

11 weeks to Brexit: updated Brexit Legal Guide

Without an intervening event, the UK will withdraw from the EU at 11pm on 29 March 2019.   Otherwise much remains unknown. The negotiated withdrawal deal comprising a legally binding Withdrawal Agreement and non-binding Political Declaration is facing significant opposition in the UK and will not be submitted for parliamentary approval until next week. Without a … Read more

Five months to Brexit: avoiding a “no deal” crisis

Paul Butcher and Tom Henderson have published an article in FERMA/AIRMIC’s joint Brexit Newsletter advising risk management professionals of some of the key matters that they will need to consider to prevent a Brexit-related “no deal” crisis. Given it remains uncertain whether the UK will enter a transitional arrangement with the EU lasting until end … Read more

THE PROTOCOL ON IRELAND/NORTHERN IRELAND (THE BACKSTOP)

The Protocol on Ireland/Northern Ireland aims to avoid the need for a “hard border” between Ireland and Northern Ireland by creating a “single customs territory” (that is, a customs union) between the whole of the UK and the EU. The provisions of the Protocol are detailed and complex with multiple cross-references to annexes and EU … Read more