With firms across Europe rushing contingency plans into place, one question remains unanswered: how effective will these measures really be in the event of a eurozone break-up?
Allen & Overy’s Philip Wood is sceptical. “People are thinking that there must be some magic legal bullet,” he said. “But there isn’t. The magic legal bullet is to get out of the country if you think there’s a risk.”
The trouble is, getting out of the country is...