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"Nothing to fear" regarding Article 50 for Gibraltar.

Europa Trust Company Ltd
03 April, 2017

Yesterday, the United Kingdom (UK) delivered a letter to the European Union (EU) stating that Article 50 of the Treaty of Lisbon had been triggered and the UK's intention to leave the EU. Europa Trust Company Ltd reports on Gibraltar's Chief Minister's Parliamentary statement regarding the Article 50 trigger.

On 29 March 2017, the Gibraltar Chief Minister Fabian Picardo, made a statement to Parliament regarding the triggering of Article 50 by the UK. In his statement he paid tribute to the "remarkable level of prosperity" membership of the EU had brought Gibraltar in the past 30 years. Mr Picardo added that he remains optimistic that Gibraltar will continue to prosper as a result of future deals which the UK will have with other nations. He said leaving the EU "brought nothing to celebrate, but also nothing to fear."

The Chief Minister stated that the Prime Minister had explicitly expressed in the UK parliament that she and her Government are "absolutely and steadfastly in support of Gibraltar and its people and economy."

About the Author

Europa Trust Company Ltd

At Europa, we provide bespoke company and fiduciary services to individuals, families, businesses and intermediaries at competitive professional rates. We can deliver and manage on a daily basis simple or complex corporate and trust structures in virtually any jurisdiction. Our extensive expertise and understanding of each structure's individual requirements is matched by a wide range of supporting services. www.europa.gi


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