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Brexit and Beyond | Challenges and opportunities for Italian Companies

Brexit and Beyond | Challenges and opportunities for Italian Companies
  • date14 Mar 2019
  • Time09.00 - 13.00 GMT
  • Event typeLive Event
  • Venue Turin Palace Hotel
    Via Sacchi, 8
    10128 Torino

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Following the British Parliament’s long drawn out rejection of the EU withdrawal agreement on 15 January and the developments taking place over the last few weeks, the path to Brexit is looking increasingly difficult and unpredictable.

There are obviously numerous legal and tax implications of Brexit.

For example, on the tax front, there is uncertainty regarding the application of various Community directives (e.g. the “parent-subsidiary” directive and the “interest & royaties” directive) designed to simplify obligations connected to flows of dividends, interest and royalties between EU companies, the regime governing international restructuring operations, and the potential exclusion of the United Kingdom from the Community Customs Code and the effects on Community VAT.

On the legal front, concerns centre particularly on the implications of UK jurisdiction clauses in bank and finance contracts and in financial derivatives, and in relation to regimes regulating financial and insurance intermediaries (‘passporting rights’).

As far as employment law is concerned, a focus point may be the hiring, transfer or posting of Italian, EU and non-EU workers from Italy to the United Kingdom and vice versa. Significant implications may also arise in the areas of international contracts, intellectual property and Community trademarks involving UK companies or Community companies operating in the UK.

Given these complexities, businesses and market operators need to consider the legal and tax consequences of the various potential scenarios (no deal, soft deal or hard deal) to enable them to understand the main features of the Brexit process and the related operational consequences.

The Workshop will therefore shine a spotlight on the United Kingdom’s divorce from the European Union, which will certainly have repercussions for the Italian economy, analysing the anticipated effects on our economic system, the risks and opportunities and the future of Italy-UK relations in general.


 

 

Impact on cross-border taxation, TP and VAT

Application of Community directives on dividends, royalties and interest | Common Consolidated Corporate Tax Base and ATAD directives and arbitration on transfer pricing adjustments | M&A and cross-border reorganisations and related neutrality systems | Possible scenarios in international trade (VAT and Customs): Customs union, No Deal/non-EU, Norway/Switzerland model.

Impact on corporate finance

Corporate finance and operations with UK financial entities | English law and UK jurisdiction clauses in bank and finance contracts | Financial derivatives and market transactions.

Impact on intellectual property and trademarks

Impact on international contracts

Freedom to provide services and the transitional regime introduced by the Italian budget law | Jurisdiction and applicable law clauses and the end of mutual recognition in general.

Impact on labour mobility between Italy and the UK

Hiring, transfer and posting of Italian, EU and non-EU workers from Italy to the United Kingdom and from the United Kingdom to Italy | A prospective overview of labour law in the UK.


 

Timings:
09:00 Arrival and registration
09.30 Workshop begins
11.00 Coffee break 
13:00 Close

 

 

Where

Turin Palace Hotel
Via Sacchi, 8
10128 Torino