Discover and read the best of Twitter Threads about #WndOfWithdrawal
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#Brexit #EndIfWithdrawal
Imagine 2 de merged companies desperate to trade w each other, but unable to come to an agreement let alone a contract.
What do they do?
Stopping trading not an option - they are heavily interlinked. Rely on each other. They just can’t sign yet 1/6
Imagine 2 de merged companies desperate to trade w each other, but unable to come to an agreement let alone a contract.
What do they do?
Stopping trading not an option - they are heavily interlinked. Rely on each other. They just can’t sign yet 1/6
So they carry on trading and negotiating.
Both sides know and trust each other broadly. They are very close, have worked together for decades.
They just can’t agree on formalities. The practicalities are not a problem.
We are here at present.
#Brexit #EndOfWithdrawal
2/6
Both sides know and trust each other broadly. They are very close, have worked together for decades.
They just can’t agree on formalities. The practicalities are not a problem.
We are here at present.
#Brexit #EndOfWithdrawal
2/6
So what normally happens is agreements made piecemeal, and the companies send each other draft ideal contracts to bolster their legal standing should something go wrong.
It’s messy, informal, it is more risky, but it works.
(@shirabatya’s analogy)
#Brexit #EndOfWithdrawal 3/6
It’s messy, informal, it is more risky, but it works.
(@shirabatya’s analogy)
#Brexit #EndOfWithdrawal 3/6
