The IBSA (International Business Structuring Association) Brexit
discussion meeting at Close Brothers Asset Management on Thursday,
30th May, was a fascinating insight into the legal, political and
economic consequences of Brexit.
Malcolm Dowden of Womble Bond Dickinson started the meeting by
explaining the UK legal issues involved and how a hard Brexit is
not only possible but actually the default position as of 31
October 2019. This is particularly likely now that Parliament and
the Government have virtually given up resolving the genuine
concerns for business and is fast embarking on the summer recess.
Indeed a no-deal Brexit becomes an unfortunate locomotive heading
towards a precipice.