State of Brexit
Theresa May resigns, facing a “full-scale cabinet revolt” as her plans for a fourth and final effort to get her Brexit deal through Parliament failed.
Theresa May has announced that she will resign as party leader on 7 June 2019. Even though the prime minister was set to present a “new and improved” offer on Brexit and bring it to a vote in the House of Commons, she faced an intense pressure to quit. May’s formal departure will lead to a leadership contest and a new prime minister to face the challenge of delivering Brexit.
As the winners in terms of Brexit-related relocations, Luxembourg and Ireland will check asset managers’ local entities to ensure that they do not operate as shell companies. The financial regulators in the two states have announced that they will review management companies to see whether they have the required substance under the delegation model.
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We are delighted to present you our new Interactive Brexit map that shows you where are companies relocating in Europe: