 |
|
Tips for surviving a potential breakup
A breakup of the 17-member eurozone would throw business throughout Europe into flux. With no legal framework that permits a country to leave the European Monetary Union without also leaving the European Union, any such departure is likely to be sudden, messy and rife with uncertainty. The first question most companies will have is: "Will a state exiting the eurozone pass legislation requiring my contract to be paid in its new national currency instead?" What’s likely to cause money or payment obligations to be redenominated is a key question that will form the basis of every decision businesses make about their euro-denominated assets. Despite overwhelming market uncertainty, you can take steps to protect yourself in a variety of outcomes. Our briefing paper explains how.
Learn more about our Banking & Finance Practice.
|
What is your litigation exposure?
There are also a range of litigation exposures a breakup of the eurozone would create for companies. From choice of law clauses and counterparty issues to enforcing judgments and negligence claims, there are actions that can be taken now to limit future disputes and financial consequences in this uncertain environment. Our briefing paper explains actions you can take now to limit future exposures and risks.
Learn more about our Dispute Resolution Practice.
|
Other Resources
Emergency Plan for Euro Exit
Contacts
Banking & Finance
Dispute Resolution