Saturday, December 26, 2020

Reading the EU UK Trade Agreement

 Page 535 (underline added) --

With respect to Investment liberalisation – National treatment and Regulatory framework for Legal services – Obligations: The EU: Treatment granted pursuant to the Treaty on the Functioning of the European Union to legal persons formed in accordance with the law of the Union or of a Member State and having their registered office, central administration or principal place of business within the Union, including those established in the Union by investors of the United Kingdom, is not accorded to legal persons established outside the Union, nor to branches or representative offices of such legal persons, including to branches or representative offices of legal persons of the United Kingdom. Treatment less favourable may be accorded to legal persons formed in accordance with the law of the European Union or of a Member State which have only their registered office in the Union, unless it can be shown that they possess an effective and continuous link with the economy of one of the Member States.

That seems highly significant for companies established in Northern Ireland and doing business in the Republic. 

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