City Says Hard Brexit Will Create 'Serious Challenges'

Law360, London (September 30, 2019, 2:17 PM BST) -- A hard Brexit will create “unresolved issues” and "serious challenges" for financial services companies, including in cross-border contracts, uncleared derivatives and reporting data on trades, the body that governs the U.K.’s financial center said Monday.

The City of London Corporation, which manages the capital’s Square Mile of financial firms and professional services, warned the government that a no-deal divorce for Britain will create "cliff-edges" for banks and other finance firms on both sides of the Channel. Britain's arrangements with the bloc on financial contracts and trades will end on Oct. 31 if the government fails to secure an agreement with Brussels, causing...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!