The Eurozone – why you need to be prepared
In brief: Tomorrow's crucial
elections in Greece and the recent lifeline thrown to Spain's banks have
placed the future of the Eurozone firmly on the world's economic agenda
once again. No one can tell what will happen but the possibility of one or
more countries exiting the euro is real. Again, the effects of that exit
are unknown but you can plan for contingencies.
You may be
affected if you have European operations or European counterparties
(lenders, customers, co-venturers, suppliers and supply chains), you have
significant customers or suppliers that may be affected in that way, or
you have significant contracts in euro.
Our integrated
alliance partner, Linklaters, through its network of offices in Europe,
has been keeping a close watch on developments and working closely with
clients in all industries in their contingency planning.
They
have prepared a guide that you may find useful, particularly its new
checklists of risks and legal issues.
http://www.allens.com.au/pubs/
We will be in touch again to provide further details of what the latest developments may mean for your business. In the meantime, if you'd like to speak with someone from our Eurozone teams, please contact any of the people below.