Could Gold-Plating Be The Key To Post-Brexit Stability?
Law360, New York (September 28, 2016, 1:57 PM EDT) -- Jonathan New
Elizabeth McCurrach Of the many uncertainties arising from the United Kingdom’s decision to exit the European Union, the lasting effects of the U.K.’s practice of gold-plating remain unknown. Gold-plating is the practice of layering stricter regulations onto an international standard when incorporated into local law. Controversy has existed for years over whether the U.K.’s tendency to gold-plate EU directives when transposed into local law makes the British economy less competitive when compared to its less-strictly regulated EU peers. Although many fear that Brexit may be disruptive and create great uncertainty for many businesses in the U.K., paradoxically, the U.K.’s...
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