ISOLAS, Gibraltar’s longest established law firm, notes the decision to leave the EU secured during a referendum held on Thursday 23rd June. The team at ISOLAS has also been following all the many developments that have taken place in the days following the referendum.
Commenting on the events of the last few days, Marcus Killick, CEO, stated that “it is obviously with some disappointment that ISOLAS and the wider community in Gibraltar have received the news of the decision taken by the United Kingdom last week. That said, Gibraltar is well-placed to weather any difficulties that may stem from the volatility and uncertainty which are inevitable in the circumstances. As at today, the United Kingdom and Gibraltar remain members of the European Union and in Gibraltar, we are continuing to observe and reflect upon the developments as they happen. One thing is clear: in the hours and days ahead, volatility is the only certainty”
Mr Killick went on to say that “in the context of all the uncertainty relating to the triggering of Article 50 in the UK and the state of flux in relation to the leadership in London, the firm and the rest of Gibraltar are fixing their gaze exclusively on the future and planning strategies that will ensure that we continue to thrive outside the EU as we have done within it. This is just one more twist in the long and colourful history of Gibraltar’s emergence as a leading international, specialist onshore centre for financial services and we are, as ever, up to the challenges this new business environment may bring.”
ISOLAS encourages clients and business partners with any queries to please contact their member of the team direct to discuss our approach to the post-referendum, pre-Brexit days ahead, or to contact Marcus Killick directly by email at marcus.killick@isolas.gi
