I was very pleased to be joined by panellists from our UK and EU offices and Rob Cain from Irish firm Arthur Cox and we presented two practical sessions on the business transition issues facing financial institutions and asset managers.
The first session outlined practical issues as Brexit approaches with updates on corporate restructuring; employment; contracts & disputes; and regulatory & client documentation.
During the second session we considered various aspects for organisations moving parts of their business into Europe. We first watched a short video summarising the key pros and cons of doing business and setting up entities in different countries, before holding a lively discussion comparing and contrasting different EU hub jurisdictions in more detail.
It remains to be seen the extent to which financial services organisations will need to relocate parts of their UK businesses, but with the UK’s exit from the EU now less than two years away and a "hard Brexit" looking increasingly likely, rapid decisions will need to be made. Our cross-practice and cross-border team is ready to help clients navigate these challenging issues.
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