- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2018-08-23T15:15:00
The U.K. government has outlined a contingency plan to help companies prepare for a worst-case scenario—the “no-deal” Brexit.
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British Prime Minister Theresa May’s proposed Brexit deal has been controversial, but there appears to be very little room for negotiation if it is scrapped.
The U.K. Financial Conduct Authority has published two consultation papers to help companies prep for regulation in the event of a no-deal Brexit.
While the U.K. government is advising companies to prepare for the worst, business groups are urging greater diplomatic efforts to ensure a no-deal Brexit doesn’t come to pass.
P&O Ferries’ dismissal of 800 workers with immediate effect via prerecorded video before consulting unions or employees has united U.K. politicians of all parties to condemn the company. One problem: Its actions appear to be largely legal.
E-commerce giant Amazon has shut up shop in France because the cost of compliance with the country’s COVID-19 emergency measures is deemed to be too high.
European businesses may be putting themselves at risk because they mistakenly believe regulators are prepared to loosen the rules so companies can operate more easily as the coronavirus pandemic lingers on.
