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It’s April, and the UK is still in the EU – This is not an April Fool

Lord, what fools these mortals be – Shakespeare, Midsummer Night’s Dream Last Friday should have been the day the UK left the EU.  Instead the Westminster Parliament, in a rare Friday sitting, rejected the Withdrawal Agreement component of the Prime Minister’s Brexit deal by a substantial majority. What has happened? Parliament has imposed “indicative votes” … Continue Reading

No-Deal Brexit and Contemplated German Temporary Permissions Scheme for Banks, Insurers and Financial Services Providers

As it stands, the UK will cease to be a member state of the European Union (EU) as of 30 March 2019. On 24 November 2018, the UK and the EU agreed to enter into a Withdrawal Agreement (the Withdrawal Agreement). The Withdrawal Agreement provides in Article 127 (6) that during a transition period from … Continue Reading