Zaiwalla & Co LLP, an international law firm specialising in commercial litigation and arbitration, has announced the launch of a specialist Brexit Advisory Desk to advise and represent Indian and international firms headquartered in the UK for EU operations.
A press statement from the company said that with increasing complications arising out of the UK’s withdrawal process from the European Union, the Brexit desk will assist individuals and organisations navigate the complex multi-jurisdictions likely to emerge during and after Britain’s exit from the European bloc.
With Brexit uncertainty continuing to prevail, with no indication of consensus in the British Parliament currently on the government’s negotiated deal with the EU, businesses around the UK, Europe and internationally are bracing for the chaos of a no-deal ‘hard’ Brexit. Indian and other international companies based in the UK now benefit from a number of laws and legislations in place due to the UK’s current ties with the EU. This includes access to financial markets which bring about the benefits of frictionless free movement between countries, free trade, access to EU government contracts and lower administration costs, the statement said.
However, depending on the final outcome, many businesses will be faced with a period of uncertainty as the UK’s withdrawal from the EU will mean that these benefits will likely be lost. This also includes companies having to deal with two separate jurisdictions, as it will be split between the UK and the rest of Europe.
Zaiwalla’s specialist Brexit desk is headed by Managing Partner Pavani Reddy, Senior Solicitor Kartik Mittal and Solicitor Saurabh Bhagotra.