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ARTICLE · 25 MAY 2016

The Great Brexit Debate - Belgium

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Mixed feelings. One the one hand, many believe that the very idea of this referendum is a wake up call for Brussels bureaucracy and its weak leadership.

European UnionInternational Law

What does the business community in Brussels think about the UK's EU referendum?

Mixed feelings. One the one hand, many believe that the very idea of this referendum is a wake up call for Brussels bureaucracy and its weak leadership. On the other hand, many are concerned with possible weakening of economic ties with the UK and within the EU itself.

How might a possible Brexit affect foreign direct investment from your jurisdiction into the UK? And into the rest of the EU?

This is difficult to assess as long as we do not know what model of future relationship might be agreed between the UK and the EU. There is an expectation that it may be a European Economic Area model, along the lines of the agreement that Norway has today. If so, no major negative influence on client's UK investment decisions would be expected to take place.

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