Travel company TUI AG warned of grounded vacation flights, Cambridge University said its supply of fee-paying continental European students could run dry. Corporate borrowers are stepping up efforts to avoid being caught off guard when Britain leaves the European Union (EU) next year.
Warnings about how Brexit might stop bond investors getting their money back are becoming lengthier, while clauses allowing issuers to switch governing jurisdiction away from English law are appearing in documentation. New courts to settle cross-border disputes are also opening in European capitals, a further sign of the looming threat to London's status as a financial hub.
British and EU negotiators are moving closer to a divorce deal. But there's still a risk that the financial institutions concentrated in London may find themselves isolated from their clients across a hastily constructed border. To head off the unthinkable, scores of lawyers, lobbyists, and bankers have been rewriting the debt-market rule books.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
