Law company Simpson Thacher to open up Brussels business office in wake of Brexit1 min read
PARIS, Feb 1 (Reuters) – Intercontinental regulation firm Simpson Thacher & Bartlett LLP ideas to open up an workplace in Brussels this summer in the wake of Brexit, marking the most up-to-date major firm to set up a existence in mainland Europe subsequent Britain’s departure from the European Union.
Simpson Thacher & Bartlett, which suggests its roots go back to 1884, reported on Monday that its new Brussels office environment would emphasis on different European regulatory and legal challenges.
“The Brussels business will complement the firm’s existence in London and will concentration on offering our shoppers with tips on European merger control and level of competition regulation and regulations regarding international immediate financial commitment prior to the European Fee, the European Courts and Member States of the European Union,” said Monthly bill Dougherty, chairman of Simpson Thacher’s govt committee.
The Metropolis of London’s political chief told Reuters last thirty day period that London had no wish to light a bonfire of laws to retain its situation as a top global finance centre right after Brexit, but it was prepared to act if the European Union blocks accessibility.
Although it is still the only international centre to rival New York, London has seen some small business and career losses considering that the shock 2016 Brexit vote, and economical expert services ended up largely overlooked by British leaders all through EU divorce negotiations, chopping the City off from its largest one client. (Reporting by Sudip Kar-Gupta Editing by Kim Coghill)