The House of Lords European Union Committee's report highlights that, without a UK-EU agreement, UK-specific corporate forms such as the LLP are under threat.
October 13, 2020 at 06:23 AM
1 minute read
Reporter
U.K. lawyers “may become unable to operate in the EU” under U.K.-specific limited liability partnership (LLP) structures if the U.K. and the EU fail to reach an agreement, a Parliamentary committee has warned.
A report published on Tuesday by the House of Lords European Union Committee warns that without U.K.-EU arrangements, U.K. lawyers and law firms would “stand exposed to a range of establishment and investment barriers across the EU and the EEA.”
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