For supporting Japanese companies to be affected by Brexit
30 June 2016
PwC Japan Group
Tokyo, 30 June 2016 - PwC Japan Group (Group Chairman and Territory Senior Partner: Hiroyuki Suzuki; from July 1, Koichiro Kimura) announced today that it has established a “Brexit Advisory Team”. The dedicated team will provide Japanese companies to be affected by the UK’s exit from the EU (“Brexit”) with information and advice on assessment, strategy deliberation, business and organizational restructuring, accounting, tax and legal practices, etc.
Leveraging PwC Japan’s experience and knowhow in crisis management services and its insight into policies and market and corporate trends, the Team will offer Japanese companies operating in the UK and other European countries comprehensive support from strategy deliberation to implementation. In addition, the Team will help clients solve their issues in close collaboration with PwC UK and other PwC member firms around the globe. PwC UK, boasting over 150 years of history, is one of the largest professional service firms in the UK with approximately 16,000 professionals.
With the growing risks posed by Brexit on the future global economy and increased forex volatility, the market environment is rapidly changing. The Team will timely share information on discussions about various regulations and tax systems collected from PwC UK and other sources to facilitate deliberations on a range of measures.
Osamu Kurata, a partner of PwC Advisory LLC who leads the Team, commented as follows:
“PwC Japan firms will bring together their respective expertise in business restructuring, consulting, audit, tax, legal, and other services and work closely to solve issues. Consisting of members familiar with the local situation, including those who are working in the UK, returned from the UK, and are seconded from the UK, the Team is well positioned to provide information on the latest developments in a timely fashion. We are committed to supporting Japanese companies doing business in Europe by making full use of the PwC global network.”
Key support services for Japanese companies to be affected by Brexit include:
Going forward, the Team will distribute information mainly on the latest Brexit developments and their possible impacts on Japanese companies. It will also offer individual consultation regarding impacts of Brexit and other matters.
About PwC Japan Group
PwC Japan Group represents the member firms of the PwC global network in Japan and their subsidiaries. Each firm of PwC Japan Group operates as an independent corporate entity and collaborates with each other in providing its clients with auditing and assurance, consulting, deal advisory, tax and legal services.
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