Proactive Brexit Preparations Promise Seamless Service for Insureds
White Paper Summary
Since the day the term was coined, “Brexit” has been synonymous with complexity and uncertainty.
UK businesses don’t fully know what to expect once the break becomes final, but U.S. multinationals may feel even more in the dark. Unlike in the UK, media coverage of developments is sporadic in the U.S.
After UK voters decided to exit the European Union in a referendum held on June 23, 2016, the UK government triggered Article 50 on March 29, 2017 — the only law governing the process of separation. Article 50, signed at the Treaty of Lisbon in 2007, gives any member of the EU the right to leave the Union and allows the seceding nation two years to negotiate an exit deal.
With one year down and one still to go until the Brexit becomes final, nothing is yet set in stone.
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