In 2014, the European Commission adopted rules for audit reform in the EU. A statutory audit certifies the financial statements of companies or public entities. Public-interest entities (PIEs)
Continue Reading Brexit: EU-Based PIEs with UK Parents No Longer Exempted from Having Their Own Audit Committees
The substantial gains made by the ruling UK Conservative Party in the general election on 12 December 2019 mean that, barring the unexpected, the UK will leave the EU on
Continue Reading UK Election Results: Brexit, but in What Form?
In a historic decision issued 24 September 2019, the UK Supreme Court ruled that the UK prime minister, Boris Johnson, acted unlawfully when he advised the Queen to prorogue, or
Continue Reading Brexit: Unlawful Prorogation Means Continued UK Parliament Scrutiny of Brexit Plans
Our last GT Alert on Brexit quoted the saying, “a week is a long time in politics”. New Conservative Prime Minister Boris Johnson has found that a mere 72 hours
Continue Reading Brexit: Political Impasse After UK Parliament Votes to Block October 31 No-Deal Departure From EU
Brexit has driven fault lines through British politics as seen at no time since the 1680s. Fervent ‘leavers’ and fervent ‘remainers’ can be found in both of the main political
Continue Reading Brexit: Can the Remainers Stop a No-Deal Brexit?
The UK’s new prime minister, Boris Johnson, will take office on 24 July 2019, just over three months before the UK is due to leave the EU, on 31 October
Continue Reading Brexit Update: Impact of New UK Prime Minister
One of the consequences of a “no-deal” Brexit would be that the United Kingdom would no longer have access to the European financial market. This would affect LIBOR as a
Continue Reading LIBOR and “No-Deal” Brexit
It is now less than two months until 29 March 2019, the date set for the UK’s withdrawal from the EU. At this late stage, the terms of the UK’s
Continue Reading Brexit Brinkmanship
Parties who do cross-border business often declare English law applicable in commercial contracts, accompanied by a jurisdiction clause making the English courts (exclusively) competent to hear claims arising out of
Continue Reading Brexit Consequences for Governing Law and Jurisdiction Clauses