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  • article

    Brexit: Words Matter

    Lawyers are often criticised for fretting over words. They are also often condemned for using too many words. The current debate in the House of Commons over Brexit clearly demonstrates how words matter and how there can sometimes be a difficulty because too few words are used. The question posed to the electorate in the UK and Gibraltar on 23 June 2016 was a choice between two words: “remain” a

    Brexit
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    Brexit: The European Council Summit casts doubt on when the UK would finally leave the EU

    The date of the UK's departure from the EU is now less clear after this week's European Council meeting which took place on 21 March 2019

    Brexit
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    Brexit: Irish legislation enacted

    President Michael D Higgins had signed the "Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019" into law.

    Brexit
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    Brexit: where are we now? (continued)

    We always said that the Brexit negotiations would go to the wire despite there being a two-year timeline. The Strasbourg meeting on the night of Monday, 11 March, when the UK and the EU tabled various documents may or may not be enough to get the House of Commons to approve the draft Withdrawal Agreement.  The EU documents are available here while the UK ones are available here. There was just...

    Brexit
  • article

    Asset Management & Investment Funds - Brexit update

    The Central Bank of Ireland (Central Bank) issued a Markets Update on Thursday 7 March 2019 which clarified that, in the event of a no-deal Brexit.

    Asset Management & Investment Funds
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    BREXIT: where are we?

    There are now three main avenues: UK leaves on 29 March 2019 without a deal UK asks, and the EU Member States agree unanimously, to extend the Brexit negotiating period beyond 29 March 2019 UK leaves on 29 March 2019 with a deal No Deal Brexit The first – the "crash out" or "no deal Brexit" – is currently a c.10% option.  If this were to happen, it would happen because of a row or an accident...

    Brexit
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    What will happen to I-SEM in a hard Brexit?

    The British and Irish governments have recently published details of their contingency planning for an Integrated Single Electricity Market (I-SEM) in the event of a no-deal Brexit. The overall theme is that both governments are committed to maintaining I-SEM, regardless of whether Brexit is hard or soft.

    Brexit
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    Brexit Immigration update - European Temporary Leave to Remain

    The Government has published updated guidance on arrangements for EEA and Swiss citizens coming to the UK to visit, study, work or join family in the event of a 'no deal' Brexit.

    Brexit
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    Insurance: Irish Government Publishes Brexit Bill

    Part 8 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019 relates to insurance.   UK insurers and insurance intermediaries that will still have Irish business (i.e. policyholders) post-29 March 2019 are understandably anxious. "Dear CEO" letters were sent by the Central Bank of Ireland (CBI) in Q4 2018 to all UK insurers and intermediaries passp...

    Brexit
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    BREXIT: The UK to have a “Montreal Moment”?

    They were all set to go.  The world expected them to leave.  They planned to regain independence.  They wanted to make new laws.  There were many who were opposed but it seemed to be the "will of the people".  There were court challenges.  No one was sure how it would all work out.  Supporters of leaving said they would do new deals with various parts of the world.  At first, it all seemed a dr...

    Brexit
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    A no-deal Brexit: Competition law and consequences for businesses in Ireland

    Following the referendum held on 23 June 2016, the UK Government submitted a notification to the European Union (EU) on 29 March 2017 of its intention to withdraw the UK from the EU.

    Brexit
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    BREXIT: how (and where) commercial disputes would be litigated after a “no deal” Brexit

    The effects of Brexit on major commercial transactions and the resolution of commercial disputes will ultimately depend on the terms on which the UK leaves the European Union. An extreme "No Deal" Brexit, is likely to have significant repercussions in the way parties provide for the resolution of commercial disputes in several respects. Due to its procedural effectiveness and certainty, the Co...

    Brexit