Thread: Brexit (Old)
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Old 15-12-2018, 12:26   #5082
1andrew1
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Re: Brexit
Quote:
Originally Posted by denphone View Post
l thought this was a excellent balanced speech from Sir Ivan Rogers on Brexit.

https://news.liverpool.ac.uk/2018/12...ers-on-brexit/
Thanks for posting. It may be a bit long for the time-pressured but worth reading. Thanks for sharing.

---------- Post added at 12:26 ---------- Previous post was at 12:22 ----------

Quote:
Originally Posted by Mick View Post
No - banks which have threatened to move ALL their operations to the EU, will have to move all their Corporate Assets to another Jurisdiction, once that occurs, banks have no legal avenue to pursue debts with UK customers, (because they are in another country, under their laws, not UK).

Once they move their entire operations out of UK jurisdictions, all contractual obligations that customers have, become null and void.

Of course it will never happen because it is made up fictional nonsense and the banks themselves have substantial lending contractual obligations that they cannot afford to just write if they leave the UK for good.
Not sure which website you've been reading but no retail banks are moving overseas as their customers are in the UK.
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