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  • Brexit will have the biggest impact on the Irish economy since independence. There is not a single sector of the economy that will not be affected.  

    The legal implications of Brexit are numerous and with the to and fro of political negotiations, the publication of position papers that are high on aspiration but lacking in detail, the outcome of the Article 50 withdrawal negotiations remains unclear. However, it is imperative that businesses begin preparing for Brexit, consider how Brexit will impact their business and take steps to minimise those impacts or, equally, seize the opportunities that Brexit will bring. At Ronan Daly Jermyn, we believe that this planning starts with considering Your People, Your Data, Your Trading Relationship with the UK and, for our UK clients, safeguarding your presence in the EU.  

  • Your People

    The future status of EU citizens in the UK and UK citizens in the EU is one of the key issues in the current Brexit negotiations.

    The outcome of these negotiations has the potential to pose serious disruption to Irish businesses, and their employees, especially as the UK seeks to impose restrictions around the free movement of people. While the eventual impact of Brexit remains the subject of political negotiation, it is clear that business needs to prepare for all eventualities.

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  • Your UK Trading Partnership

    For many Irish businesses, the UK represents not only a vital export market but also an important import market for goods and services to the efficient operation of their businesses.  

    While the precise impact of Brexit on these trading relationships is subject to the outcome of the Article 50 negotiations, Brexit (whether hard or soft) will have an impact on the ability of parties to perform and, perhaps more crucially, the cost of performing those contracts.

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  • Your Data

    The General Data Protection Regulation (“GDPR”), which brings significant changes to the current data protection regime in Europe and which has a wide territorial scope, will come into force on 25 May 2018.

    March 2019 has been pinpointed as the likely Brexit date (unless all Member States of the EU agree to extend the term under Article 50 or the withdrawal agreement is finalised prior to that date). As a consequence, the GDPR will be applicable in the UK pre-Brexit and post-Brexit, to the extent that a company based in the UK trades in the EU or processes the personal data of EU citizens.

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  • Why Choose Ireland?

    The most significant problem facing international businesses located in the UK post-Brexit is the uncertainty over the path ahead for the UK’s relationship with the EU.

    That uncertainty will continue for some time until the Article 50 negotiations have advanced sufficiently and are capable of giving a clearer picture. There are a number of reasons why UK companies may need to consider establishing operations in Ireland as a result of Brexit:

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How we can help

It is imperative that businesses begin preparing for Brexit, consider how Brexit will impact their business and take steps to minimise those impacts or, equally, seize the opportunities that Brexit will bring.

At Ronan Daly Jermyn, we believe that this planning starts with considering Your People, Your Data, Your Trading Relationship with the UK and, for our UK clients, safeguarding your presence in the EU.

 

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