Regulation company Simpson Thacher to open up Brussels workplace in wake of Brexit
PARIS, Feb 1 (Reuters) – Worldwide regulation business Simpson Thacher & Bartlett LLP designs to open an business office in Brussels this summer time in the wake of Brexit, marking the most up-to-date significant business to set up a existence in mainland Europe following Britain’s departure from the European Union.
Simpson Thacher & Bartlett, which states its roots go again to 1884, stated on Monday that its new Brussels place of work would target on various European regulatory and lawful troubles.
“The Brussels office environment will enhance the firm’s presence in London and will target on providing our customers with suggestions on European merger command and competitors regulation and regulations regarding overseas direct expense just before the European Fee, the European Courts and Member States of the European Union,” reported Invoice Dougherty, chairman of Simpson Thacher’s executive committee.
The Metropolis of London’s political chief advised Reuters previous month that London experienced no need to gentle a bonfire of laws to retain its position as a best worldwide finance centre soon after Brexit, but it was ready to act if the European Union blocks entry.
Even though it is however the only world centre to rival New York, London has found some enterprise and position losses due to the fact the shock 2016 Brexit vote, and monetary providers were mostly overlooked by British leaders all through EU divorce negotiations, reducing the Town off from its greatest single customer. (Reporting by Sudip Kar-Gupta Enhancing by Kim Coghill)
