Is Brexit happening or not? As the world takes a wait-and-see approach regarding the United Kingdom’s potential withdrawal from the European Union, we’re bringing past guest (from Episode 5) Oliver Heinisch back to discuss the latest updates on the negotiations between the UK and the EU. Oliver shares his insight on the implications of a withdrawal on UK financial services companies and multinationals headquartered in the UK.
Oliver Heinisch is a partner in the Antitrust and Competition Practice Group in the firm's London office. Oliver advises on all areas of EU, UK and German competition law with a focus on international cartel and abuse of dominance procedures including related antitrust litigation matters as well as merger control law. He also regularly advises clients on questions relating to the UK’s decision to leave the European Union.
What We Discuss in this Episode:
Why the European Union does not want to reopen the withdrawal agreement?
The significance of the March 29th, 2019 date
Is the UK’s Prime Minister, Theresa May, simply running out the clock? What does that even mean?
What provisions of the Brexit withdrawal agreement are uncertain and unfavored by the government?
Is an extension possible?
How is the UK preparing in case there is a withdrawal?
Will EU companies remain open for business?
Are London financial services companies going to be migrating elsewhere?
The potential increase in diversification in financial services across the EU
Will major companies like Honda and Panasonic move out of the UK if there is a withdrawal?
Please click here to listen to the audio.