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World

EU's Chapter 11 bankrupts Brexit assumptions

LONDON: Brussels wants to introduce protection for bust companies, similar to the US model.
Published November 23, 2016 Updated November 23, 2016 02:48pm
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By Shoaib Ur Rehman
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imageLONDON: Brussels wants to introduce protection for bust companies, similar to the US model. British lawyers have tended to be dismissive of continental restructuring laws.

If these changes go through, the UK may have to copy its neighbours to keep up. So much for sovereignty.

Copyright Reuters, 2016

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