The New York Times - Ireland Set To Become The Largest Common Law Jurisdiction In The EU Post-Brexit

Author:Mr Nicolas Butcher
Profession:Maples Group
 
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Maples Group is a leading service provider offering clients a comprehensive range of legal services for the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg. The Group is also an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.

What is your outlook for Ireland as a gateway for American FDI and operations in Europe?

Corporations have long valued Ireland as an English-speaking country, with a highly educated workforce, competitive tax system, and trusted legal system. Ireland offers a very interesting ecosystem given the number of overseas multinational companies, including massive tech firms, choosing Ireland as a base for European operations. Ireland will remain a very attractive place for international business in years to come.

How do you assess Ireland's legal sector?

Post Brexit, Ireland will become the largest common law jurisdiction in the EU. Ireland's court system is efficient, pro-business, and the legal professional services sector has gained a strong global reputation as a center of excellence. Multinationals should remember the benefits the Irish legal sector can offer when considering basing operations abroad.

The sector provides business advantages to the North American market in particular because of the similarities between the common laws in the U.S. and Ireland and, of course, English as a shared language. This familiarity around the underlining fundamental legal system is very valuable when choosing a jurisdiction. People also like the certainty of Irish courts. There is a strong initiative across the Irish legal sector to promote Ireland as a convenient and appropriate hub for international transactions. There are exceptionally high standards for legal services in Ireland, and it remains a highly competitive market.

How are you positioning your services for multinationals?

Maples Group is a first class, leading international law and financial services business with vast experience advising the international...

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