Brexit transitional agreement a priority argues new paper
In its second position paper the Deutsches Aktieninstitut argues in favour of a transitional agreement between the UK and the EU in on-going Brexit negotiations.
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No deal scenario and consequences for UK and EU
“The UK’s departure from the EU will have considerable consequences for the European economy and society”, said Dr. Christine Bortenschläger, chief executive of the DAI in the paper, “It is not yet possible to predict what those will look like in detail since the outcome of the ongoing negotiations between the United Kingdom and the European Union is still completely open. This means that companies are losing valuable time they need to adjust to the new situation.”Risk and consequences of a hard Brexit can be reduced with transitional arrangements
The third country regimes in financial and capital markets law may not serve as a sufficient basis to regulate the relations between the 27 EU-states and the UK, the second position paper explained.The paper argues that the EU needs a new and broad trading agreement that complements the first transitional arrangements.The paper states, “Transitional arrangements are of decisive importance to buy more negotiating time, enable businesses to prepare for the new situation, and avert a no-deal scenario.”For related news and features, visit our Brexit section.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.Access hundreds of global services and suppliers in our Online Directory©2024 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. All rights reserved. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. Profile Locations accepts no liability for the accuracy of the contents or any opinions expressed herein.