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...

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Key Events This Week: Brexit – last ditch efforts before key Westminster votes In order to persuade Labour MPs to support Tuesday’s vote on the draft Withdrawal Agreement, the government is unveiling plans to boost workers’ rights by announcing an additional clause to be inserted into the EU Withdrawal Agreement Bill. The new provision would allow the House of Commons to vote on whether to opt in to future...

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By Gregor Schmidt, Regional Leader - Europe | RSM Paralysed by uncertainty, many businesses around the world are struggling with the lack of clarity over the future relationship between the UK and EU. While the UK prime minister, Theresa May, has just returned from Brussels with a withdrawal agreement, its unpopularity with the UK parliament means there is still the prospect of a ‘no-deal’ or even another referendum. Whatever the fate...

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By Kai-Michael Hingst & Karl-Alexander Neumann | Noerr The latest political developments have not reduced the likelihood of a “hard Brexit” on 29 March 2019. In this article, we sum up the regulatory consequences of a hard Brexit for cross-border banking and financial services and look at the possibility of outsourcing as an option. No more passporting after a hard Brexit A hard Brexit would clearly mean that regulated banking and financial services institutions no longer profit from the “European passport” in cross-border legal...

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