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Brexit: banking on Ireland

22 September 2017 / Tina Shah
Issue: 6672 / Categories: Features , Risk management , Brexit , Profession
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Will Brexit bring new growth to the Irish legal sector , asks Tina Shah

After the surprising result of the EU referendum, one of the most commonly heard conversations among distraught remain voters was their eligibility for citizenship of other countries. Passport application websites were overwhelmed by traffic from would be citizens seeking a way to retain links with the EU and one of the most popular outcomes was a surge in applications for Irish passports from British citizens.

In the three months following the referendum, there was an 83% increase in the number of UK and Northern Irish citizens applying for Irish passports.

But it’s not just individual citizens who are looking to Ireland for post-Brexit security; an entire business ecosystem could cross the Irish Sea.

Banking on Ireland?

In the lead up to the referendum and ever since the vote to leave was cast, passports of a different nature were making headlines. This time it was the banking industry, with many leaders sharing their concerns that an exit from

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NEWS
One in five in-house lawyers suffer ‘high’ or ‘severe’ work-related stress, according to a report by global legal body, the Association of Corporate Counsel (ACC)
The Legal Ombudsman’s (LeO’s) plea for a budget increase has been rejected by the Law Society and accepted only ‘with reluctance’ by conveyancers
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
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