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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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MOVERS & SHAKERS

Weightmans—Emma Eccles & Mark Woodall

Weightmans—Emma Eccles & Mark Woodall

Firm bolsters Manchester insurance practice with double partner appointment

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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