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  #1001  
Old Posted Apr 10, 2018, 1:33 PM
The Best Forumer The Best Forumer is offline
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ah yes... brexit... I guess it is good for paris and france.
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  #1002  
Old Posted Apr 11, 2018, 12:22 PM
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mousquet mousquet is offline
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^ Meh, I'm quite skeptical about statements of that kind on the long run anyway.
The UK's been a good customer to a number of French corporations, like those manufacturing luxury goods for instance.
If the British really went worse off, I fear France's trade balance would only turn even worse than it already is.
It's been dangerously negative to Germany.

Those ancient rivalries between European nations may still be funny and entertaining, they're only outdated today, because our economies are so interdependent.

The problem of new businesses in France is not so much foreign competition, but funding.
I think the French financial establishment is often somewhat reluctant when it comes to granting loans to small businesses. That's definitely our main problem here, and London has nothing to do with it.
The French banking sector just needs to remember we have a great tradition for entrepreneurship here, and good ideas too, so they can afford to take more risks.
Sure they would sometimes lose some of their money. Some projects fail sometimes.
But overall, they would make more wealth without a doubt.
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  #1003  
Old Posted May 8, 2018, 10:07 AM
LondonParis LondonParis is offline
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Found this article dating back from March but quite interesting. More good news for Paris and France in general.

Paris is set to become the new international law capital

Mathilde Aubinaud
Forbes.fr
March 14th 2018

https://www.forbes.fr/business/brexi...international/

(translated from French)


https://structurae.info/photos/15817...commerce-paris

"If everyone sees in Brexit an opportunity to make Paris the new financial center, it is rarely mentioned that the exit of Britain from the European Union should allow to give back to Paris an important place for legal issues, sector that weighs in France more than 31 billion euros according to a recent study of the French association of corporate lawyers. Back on these changes that should give a central place to the country that gave birth to the Civil Code."

[...]

"If the London courts have seized this opportunity for a long time and that London currently holds an important place for the resolution of international disputes, Brexit will change this situation, "said Jean-Michel Branche, a lawyer at the Paris Bar. "After Brexit, decisions made by the UK courts will no longer be directly applicable in the other EU Member States because they will be subject to an exequatur procedure. In other words, going through the London Law Courts, decisions will be implemented less quickly and at a much higher cost."
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  #1004  
Old Posted May 8, 2018, 10:18 AM
LondonParis LondonParis is offline
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Another article back from March. Can't believe I missed these....

US investment bank Morgan Stanley plans to increase its workforce in Paris.

Anne Drif
LesEchos.fr
March 22nd 2018

https://www.lesechos.fr/finance-marc...is-2163293.php

(translated from French)


http://www.scmp.com/business/banking...banks-mainland

"In view of Brexit, the US investment bank plans to increase its workforce by 80 people in Paris. With the announcements of JP Morgan, Goldman Sachs, Citi and Bank of America, these arrivals will further increase competition in the market."

[...]

"Morgan Stanley is ready to strengthen its workforce in Paris. And this in important proportions. According to our information, about 80 additional posts could be transferred or created in the capital. The US bank led by James Gorman would follow the footsteps of Goldman Sachs, Bank of America Merrill Lynch, CitiBank and JP Morgan all touting Paris and France since the election of Emmanuel Macron."
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