Brexit News

Brexit News, Member News

Brexit: important clarifications published by the CSSF

The CSSF has published on 15 July 2019 two press releases concerning mandatory notifications for UK firms as well as for UCIs and their managers in the context of Brexit. 1.Mandatory CSSF notification for UK firms in the context of Brexit On 15 July 2019, the CSSF issued a press release 19/33 regarding mandatory notification requirements applying to UK firms in the context of the withdrawal of the United Kingdom from the European Union. The CSSF reminds that firms that are currently...

Read more

Brexit News, Member News

Brexit: CSSF informs UK entities of actions to be taken in anticipation of a hard Brexit

By Marc Meyers, Partner | Loyens & Loeff The CSSF issued two press releases reminding firms authorised in the United Kingdom as well as undertakings for collective investment (UCIs) and/or their managers established in the United Kingdom of the consequences of a hard Brexit and requiring them to notify the CSSF and/or apply for appropriate authorisation if they intend to continue their activities in Luxembourg after a hard Brexit. UK financial services firms as well as UCIs and/or their managers...

Read more

Brexit News, Chapter News

Has The Brexit Disease Reached Leinster House? By John Bruton

By John Bruton, former Irish Prime Minister (Taoiseach) The fact that Dail Eireann voted yesterday to reject an EU Trade and Investment deal with Mercosur, that took 20 years to negotiate, and that few members could have read,  shows that Irish politics is not immune to the Brexit disease that has infected British politics.  This disease consists in thinking that there is no need to make concessions in international relations and that, instead, one “can have it all”, without paying any price. This delusion...

Read more

Brexit News, Member News, News

Vulcan News – Insights on Brexit and the latest EU Developments – 8 July – 12 July 2019

Vulcan Insight - Analysis of the latest EU Developments - 8 July - 12 July 2019 Key Events This Week Von der Leyen charm offensive begins in earnest European Commission President nominee Ursula von der Leyen continued her charm offensive in Brussels this week. The German nominee must impress the European Parliament Political Groups to make her way to the 13th floor of the Berlaymont. MEPs posed questions related to Brexit, climate change, rule of law and the institutional structures of the EU during the...

Read more

Brexit News, Chapter News

The European Council adopted the EU’s strategic agenda for 2019-2024

The European Council adopted the EU's strategic agenda for 2019-2024. Leaders also focused on climate, disinformation, the long-term EU budget, and external relations, including Russia and Turkey. On the matter of appointments for the EU's top jobs, they decided to continue their talks at another meeting on 30 June 2019. European Council conclusions, 20 June 2019 Remarks of President Tusk after the European Council on 20 June 2019 Remarks of President Donald Tusk after the Euro summit, 21 June 2019 On 21 June 2019 EU27 leaders...

Read more

Brexit News, Member News

The Weekly Vulcan View | Analysis of Latest EU Developments 17 – 21 June

Key Events This Week Can Boris be hunted? After five rounds of voting, multiple hustings and two televised tv debates, Conservative MPs have chosen Boris Johnson and Jeremy Hunt as the two candidates who will go before party members in a bid to become the new Leader and most likely, the next Prime Minister. The elimination of International Development Secretary Rory Stewart and Home Secretary Sajid Javid gave Jeremy Hunt a much-needed boost over Michael Gove with the Environment Secretary bowing...

Read more

Brexit News, Member News

How European businesses are in Brexit limbo

By Gregor Schmidt, Regional Leader - Europe | RSM The UK’s imminent departure from the EU brings with it a host of questions: will new trade tariffs hinder supply chains? How far will the UK’s regulatory framework diverge from the EU? Will the UK’s tax regime change significantly? How much will currency volatility impact top lines? Globally-ambitious European businesses are having to navigate these questions during an ever-changing Brexit process defined by uncertainty at every stage. It is a difficult task...

Read more

Brexit News, Chapter News, News

‘No-deal’ Brexit: European Commission takes stock of preparations ahead of the June European Council

12 June 2019 - Press Release Ahead of the June European Council (Article 50), the European Commission has today taken stock – in its fifth Brexit Preparedness Communication – of the European Union's Brexit preparedness and contingency measures, particularly in light of the decision taken on 11 April by the European Council (Article 50), at the request of and in agreement with the United Kingdom, to extend the Article 50 period to 31 October 2019. In light of the continued uncertainty...

Read more

Brexit News, Member News

EY UK Attractiveness Survey 2019

By Mark Gregory | Chief Economist, UK | EY   The UK remained the number one destination for foreign direct investment (FDI) in Europe in 2018, ahead of Germany and France, with 1,054 projects, its third-highest number of FDI projects in 20 years. However, this was a 13% drop in FDI projects compared to 2017 (1,205 projects) and according to our survey perceptions of the UK as an FDI destination have weakened. The latest EY UK Attractiveness Survey, which launches today, shows that...

Read more

Brexit News, Member News

Vulcan Insight –  Flash report on European elections

Vulcan Consulting – Post European election analysis    From Thursday 23 to Sunday 26 May 2019 all 28 Member States of the European Union went to the polls to cast their votes in the European elections. While results are still coming in from some jurisdictions, we now know the following: this is the most politically fragmented European election in history. What you need to know Populists win: As predicated, Eurosceptic, anti-immigrant and nationalist parties nearly won nearly a third of the seats with 31 –...

Read more