The Drawdown
| Private Equity and the Trade and Cooperation Agreement
Brexit has shifted from political to economic, causing widespread disruption for private equity, writes Denzil Davidson of Global Counsel.
The Trade and Cooperation Agreement (TCA) between the UK and the EU, as has very quickly become clear, does very little for financial services. In formal legal terms, the difference between no deal and this deal for financial services is small, although in political terms the difference is crucial: an orderly, cooperative relationship rather than a disorderly and uncooperative one.
By Denzil Davidson, Financial Services Adviser at Global Counsel.