Summer was once time for holidays. However, those days
appear long gone as everybody gears up yet again for the
potential impact of an impending EU departure on October
Britain will be in uncharted territory as the first
– and possibly last – country to depart the
EU trading bloc. Should UK authorities wish to look elsewhere
for examples of what might be in store, where better than
Switzerland, which has recently seen ties with the EU severed
after the expiration of an agreement on stock trading?
"There is clearly a connection between
Switzerland’s current situation and Brexit," said
Herbert Smith Freehills consultant Eric White.
Switzerland opted not to join the EU or the European
Economic Area (EEA) in the 1990s, and has since been building
up a variety of bilateral agreements with the EU. These are
based on the free trade agreements that had existed before.
While not a...