New German law to enable UK companies to avoid compulsory partnership status post-Brexit
There is an interesting article on Lexology (which is free to subscribe to – see further https
There is an interesting article on Lexology by CMS Germany ‘Law passed to prepare UK limited companies in Germany for possible Hard Brexit’. It refers to the possibility of UK limited companies being treated as partnerships in Germany (and members therefore being at risk of personal liability) in the event of a no-deal or ‘hard’ Brexit – because in that event they would cease to have the freedom of establishment in other EU Member States under EU law. In response, a new German law has been passed to make it easier for UK companies to become German legal entities and thus to continue to trade in Germany with limited liability for members.
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Categories: Elspeth Berry, Reader in Law, Nottingham Law School, Nottingham Trent University