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Lawyer: The City Should Not Fear a "No-Deal" Brexit
December 18, 2017
British lawyer Barnabas Reynolds of Shearman & Sterling explains why the "cliff-edge" no-deal-Brexit scenario dreaded by many London financial firms would in fact offer few obstacles to continuing to carry out transactions smoothly both with EU-based and non-EU-based customers.
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Poland Faces ECJ Penalties over Logging Operations
December 15, 2017
Reuters reports that the Court of Justice of the EU (ECJ) ruled in November that Poland would face a penalty of 100,000 euros per day if it continued to allow logging in an ancient forest recognized by the UN Educational, Scientific, and Cultural Organization (UNESCO) as a World Heritage Site pending a final ECJ ruling on the logging practices.
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Barnier: EU-UK Trade Deal Depends on Regulatory Compliance
December 15, 2017
In a recent speech in Brussels, the EU's chief Brexit negotiator Michel Barnier said Britain's willingness to comply with EU regulations in such areas as "fair competition, state aid, tax dumping, food safety, social and environmental standards" would be "decisive" in the country's ability to obtain a free trade deal with the bloc after Brexit.
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EU Parliament Votes to Consider Polish Sanctions
December 15, 2017
The New York Times reports that the European Parliament voted in November to invoke a portion of the EU treaties that could trigger sanctions against Poland, such as the loss of its EU voting rights, over legislative measures the country has undertaken asserting more political influence over the judiciary.
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EC Proposes Further Economic and Monetary Integration
December 14, 2017
The European Commission (EC) has outlined a series of steps “in the process of completing Europe's Economic and Monetary Union,” including proposals for establishing a European Monetary Fund and a European Minister of Economy and Finance.
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