EU and Euratom ditch English law ahead of Brexit
The European Union (EU) and the European Atomic Energy Community (Euratom) have switched the legal framework of their debt issuance programmes from English to Luxembourg law as they prepare for the UK’s withdrawal from the union.
On behalf of the EU and Euratom, the European Commission signed a new debt issuance programme under Luxembourg law on Tuesday, December 10.The programme is effective immediately, with all new bonds issued by the EU and Euratom set to be governed by Luxembourg law. Credit Agricole acted as ...
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