FILE - In this Oct. 5, 2015 file photo, a man walks by the European Court of Justice in Luxembourg. The European Court of Justice on Wednesday, Sept. 6, 2017, rejected efforts by Hungary and Slovakia to stay out of a European Union scheme to relocate refugees. (AP Photo/Geert Vanden Wijngaert, File)
London’s status as a hub for advice on EU competition law may fade if attorneys lose access to the European Court of Justice. Geert Vanden / AP

Brexit prompts UK lawyer rush to Ireland to retain EU practices



Lawyers are having their own Brexit.

More than a thousand UK lawyers have registered in Ireland since 2016 to make sure they can represent clients in European Union courts after the UK leaves the bloc. Figures from the Law Society of Ireland show 511 attorneys from England and Wales have registered in Ireland this year, on top of 806 who did so in 2016 a total of 1,317.

Usually, only about 50 to 100 a year make the move, according to Ken Murphy, director-general of the Law Society of Ireland. Few attorneys are actually moving to Ireland, he said.

The lawyers, mostly antitrust and trade specialists, also fear they’ll lose a right that blocks authorities investigating a company from seizing the legal advice provided by its attorneys. Loss of the privilege, which is grounded in EU membership, could put UK lawyers “at some disadvantage” against those retaining the right, Murphy said.

London’s status as a global hub for advice on EU competition law and regulation may fade if attorneys lose access to the European Court of Justice. Mickael Laurans, who manages the Law Society of England and Wales’ international team, warned that more firms may move staff to Brussels, Paris, and other regional hubs.

Ministers at the UK’s Department for Exiting the European Union believe “people holding qualifications or in the process of acquiring them should be allowed to continue or begin their careers as they do now” throughout the region, Brexit secretary David Davis said last month.

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Lawyers aren’t willing to take a risk, and Laurans said London’s loss of prestige may present an opportunity to other European cities.

“It may be that English firms will need to look at where they position people,” he said.  “A lot of EU law advice is done out of London today. One question is, to what extent will this continue in the future?”

Eversheds Sutherland LLP had the largest number of lawyers registering in Ireland in 2017, at 132, according to the Law Society of Ireland. Freshfields Bruckhaus Deringer LLP was second with 130 and Slaughter & May was third with 79. Spokespeople for Freshfields and Slaughter & May declined to comment and a spokeswoman for Eversheds said no one was available.

It is just one of the ways in which law firms in the UK are feeling the effects of the country’s 2016 vote to leave the European Union. London’s biggest firms benefited from the weaker pound in the wake of the referendum, as they sought out growth overseas. The weaker currency also helped push up salaries for some of the city’s top young lawyers. Meanwhile the UK government is trying to keep London at the centre of European commercial legal disputes after Brexit.

Registering in Ireland takes a month or two and requires some paperwork and an administrative fee of about 300 euros ($357). The UK’s departure may complicate things, Murphy said.

Laurans said it’s possible that future generations will have to take an exam to register in Ireland, which would be “onerous.”

The right to speak in an EU court, known as “rights of audience,” is restricted to lawyers who are qualified and regulated in a member state, “so on the face of it that would exclude UK lawyers post-Brexit,” Murphy said.

Murphy said attorneys saw their clients’ right to take advice without having it shared with investigation authorities as sacred.

Some lawyers have tried to bolster their ability to work in the EU by seeking nationality of a member state, Murphy said. He said he knew of lawyers that had become Irish and Belgian citizens.

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

Key developments

All times UTC+4

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

RESULTS

Tottenham 1

Jan Vertonghen 13'

Norwich 1

Josip Drmic 78'

2-3 on penalties

Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90+4')

Red card: Rodrigo Bentancur (Juventus)

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45+3')

Southampton 0

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

 

 

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now


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