16July2019

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Lenders could find it much harder to enforce cross border debts in the event of a no deal Brexit, RSM has warned.

Currently, European regulations facilitate the collection of cross border debts within the EU, notably through the use of European Enforcement Orders. These allow a judgment in one member state to be enforced in another without the need for separate recognition by that member state's courts.

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Following the Brexit vote in the Commons last night, Fiona Baldwin, practice leader at Financial and Business Advisers Grant Thornton St Albans, said:

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Confidence among small firms in the East has fallen significantly, according the latest SBI from the Federation of Small Businesses (FSB).

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